 |
| Briar Landing at the Enclave Apartments, Naples, FL |
CORAL SPRINGS, FL and NAPLES, FL -- Chris Caveglia
and Kurt Hoffmann of HC Real Estate Capital have arranged $12,500,000 in
financing for Briar Landing at the Enclave (“BL”) and Palms Point at
Coral Springs (“PP”).
Combined, there are 280 units that are 98.5% occupied. HC Real Estate Capital utilized its
relationship with the lender to create a structure that would allow the
borrower to refinance their existing debt with a new 5-year loan.
Briar Landings at the Enclave is located in Naples,
Florida and was built in 1990. The
project was converted to condominiums in 2006 and consists of 138 units within
a 240-unit condominium community.
Palms Point at Coral Springs is located in Coral
Springs, Florida and was built in 2003.
The project consists of 142 units within a 377-unit condominium
community.
Chris Caveglia, Principal at HC Real Estate Capital stated,
“Both properties are 98.5% occupied and offer resort style amenities and are in
close proximity to schools, golf courses, restaurants and shopping.”
Caveglia went on to say, “the loan structure
allows the borrower to carry out the long term plan with both properties.”
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 and bridge 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
No comments:
Post a Comment