Property amenities include an elegant clubhouse, leasing and management offices, resort-style pool, scenic lakes, BBQ grills, and a fully equipped club size fitness center, cardio theater & aerobics/yoga room.
Chris Caveglia, Principal at HC Real Estate Capital states, “The loan was highly competed for by all the major life insurance companies and agency lenders.”
Caveglia further commented, “New York Life Real Estate Investors provided an excellent debt structure which will allow the borrower to execute on their long-term business plan for this asset.”
Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent and bridge commercial and multifamily real estate loans. The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks.