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| Croesus office building, 2001 9th Avenue, Vero Beach, FL |
Vero Beach, FL, Aug. 12, 2013 -- Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $5,280,000 in financing
for the Croesus Office Building (“COB”) located at 2001 9th Avenue in Vero Beach, FL.
COB is a 49,000
square foot multi-tenant office property that was built in 1974 and is
currently 94% leased. HC Real Estate
Capital worked exclusively on behalf of the borrower to secure a 5-year loan
through a local lender at a competitive rate.
Chris Caveglia, Principal at HC Real Estate Capital states,
“This property is well positioned in the Vero Beach market and has maintained a
high occupancy over the years.”
Caveglia went on to say, “The multi-tenant property has a diverse mix of
tenants that includes First American Title, Cardinal Property Management,
Keystone Properties, Tri Meats and JL Tax.”
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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