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| Sedano's Plaza aerial 17001--17199 West Pembroke Pines Road Pembroke Pines, FL |
Pembroke Pines, FL –Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $6,000,000 in financing
for Sedano’s Plaza (“SP”)
located at 17001-17199 West Pembroke Pines Blvd. Pembroke Pines, FL.
SP is a 123,164
square foot retail center that is currently 99% leased and anchored by Sedano’s
Supermarket. Other notable tenants
include Wells Fargo, Flannigan’s Seafood Bar and Grill, Burger King and La
Granja.
Nonrecourse
financing was arranged through a correspondent Life Company relationship at a
competitive rate with a term of 15 years.
Kurt Hoffmann, Principal at HC Real Estate Capital states,
“The lender provided a 6-month, forward rate locking loan commitment at a very
low interest rate.”
Hoffmann went on to say, “This property has always
outperformed the market due to its superior location, experienced operators and
excellent tenancy.”
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.
For a complete
copy of the company’s news release, please 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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