Done Deals: HC Real Estate Capital Arranges $3.5 Million in Financing for Mixed Use Project In Naples, FL

Wednesday, April 10, 2013

HC Real Estate Capital Arranges $3.5 Million in Financing for Mixed Use Project In Naples, FL

Ingram Building on Fifth Avenue, Naples, FL

Naples, FL -- Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $3,500,000 in financing for the Ingram Building (IB) located on Fifth Avenue in Naples, FL.

IB consists of 6 luxury apartments and 25,000 SF of prime Retail and Office space on 5th Avenue South. Financing was arranged through a bank relationship. The fixed rate loan replaced a maturing facility on the property.

Fifth Avenue Shopping District, Naples, FL

Chris Caveglia, Principal at HC Real Estate Capital stated, “ This property is ideally situated in the heart of downtown Naples, on historic Fifth Avenue South and is located approximately one half mile from the ocean.” Caveglia went on to say, “The property consists of prominent local businesses and restaurants.”