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| Boca Pier Plaza, Boca Raton, FL |
Boca Raton, FL -- Kurt
Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged
$4,300,000 in financing for Boca Pier Plaza (“BPP”).
BPP is made up of
two retail buildings and one office building totaling 30,114 SF. Financing was arranged through a
correspondent Life Insurance Company relationship.
The non-recourse
loan carries a 12 term and a 25-year amortization schedule at a competitive
fixed interest rate that replaced a maturing facility on the property. The properties are situated on approximately
4 acres of land located approximately one mile west of the Florida
Turnpike.
Kurt Hoffmann, Principal at HC Real Estate Capital stated,
“The borrower is taking advantage of the long term low interest rate
environment we are currently in.”
HC Real Estate Capital, LLC is a privately owned
mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia. 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.
Contact:
Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176
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