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| Greenhouse Office Building, Boca Raton, FL |
Boca Raton, FL – Kurt
Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged
$5,250,000 in financing for the Greenhouse Office Building located in
Boca Raton, FL.
Financing was arranged through a local lender with a 5-year
term and a 25-year amortization schedule at a competitive fixed interest rate.
The property is a Class “B” three -story multi-tenant office building totaling
71,820 SF of rentable area. The
refinance allowed the borrower to recapture equity as well as reduce his
interest rate.
Chris Caveglia, Principal at HC Real Estate Capital
states, “18 months ago, when the
borrower took over the property, it was 45% occupied at below market
rents. The buyer implemented an
aggressive leasing and renovation plan and is now 99% occupied.”
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, Agency lenders 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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