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| Towne Plaza, Boca Raton, FL |
TP is a 25,500 square foot retail center that is currently
100% leased to a roster of national tenants.
The non-recourse financing was arranged through a correspondent Life
Insurance Company relationship that replaced a maturing CMBS loan on the
property. The loan carries a 15-year
term at a competitive, fixed interest rate.
Kurt Hoffmann, Principal at HC Real Estate Capital states,
“The borrower was able to lock a 6-month Forward Loan Commitment for this high
profile retail property that is located at one of the busiest intersections in
Boca Raton, Florida.”
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 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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