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| 2200 Butts Road, Boca Raton, FL |
Boca Raton, FL – Nov. 26, 2012. Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $5,750,000 in financing
for a Class “A” LEED certified office building located at 2200 Butts Road
in Boca Raton, FL.
The three-story
office building was built in 2010 and is comprised of 31,702 SF. Financing was arranged through a
Correspondent Life Insurance Company relationship. The nonrecourse loan carries a 15-year term and a 25-year
amortization schedule at a competitive fixed interest rate, which replaced a
maturing facility on the property.
Kurt Hoffmann
Principal at HC Real Estate Capital states, “This was a unique opportunity to
finance a LEED certified office building.”
Hoffmann went on to say, “
The distinctive property includes floor to
ceiling Miami-Dade approved impact glass, covered parking with electric plug-in
stations and back-up generators providing approximately 80% of the building
functions.”
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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