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| Wellington Green Commons Shopping Center, 2545--2665 State Road 7, Wellington, FL |
Wellington,
FL , Aug. 5, 2013 -- Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $21,000,000 in financing
for Wellington Green Commons Shopping Center (“WGC”) located at
2545-2665 State Road 7 in Wellington, FL.
HC Real Estate Capital worked exclusively
with the borrower, Fig Development, LLC, a partnership
controlled by Schmier & Fuerring Properties, Inc. to secure 15 year financing
through their correspondent Life Insurance Company relationship ING Life
Insurance and Annuity.
WGC is a
96,774 square foot retail center that is currently 100% leased to a roster of
national tenants including a 50,000 square foot Whole Foods, Jason’s Deli,
Moe’s Southwestern Grill, Amtrust Bank and AT&T.
Kurt
Hoffmann, Principal at HC Real Estate Capital states, “We were able to arrange
a very low interest rate on a forward loan commitment for this marquee property. The subject property is contiguous to the
Wellington Green Mall, coupled with Whole Foods and experienced sponsorship
drove this transaction.“
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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