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| The 73-Unit Forum Apartments, Boca Raton, FL |
Boca Raton, FL, Dec. 12, 2013 -- Kurt Hoffmann and Chris Caveglia of HC Real Estate
Capital have arranged $5,000,000 in financing for The Forum Apartments located
in Boca Raton, FL. HC Real Estate
Capital worked exclusively with the borrower to obtain a 7-year fixed-rate loan
through a regional bank at a competitive interest rate.
The Forum is a 73-unit apartment complex that was originally
built in 1968 and is situated on 2.26 Acres.
The property is currently 95% leased and the individual units are made
up of 3 studio units, 24 one-bedroom/one bathroom units, 43 two-bedroom/two
bathroom units and 3 three-bedroom/three bathroom units. The average unit size is 1,175 SF.
Chris Caveglia, Principal at HC Real Estate Capital states,
“The Forum is conveniently located in East Boca Raton. The beach, Mizner Park, Royal Palm Plaza
and the Boca Raton Resort are within one mile of the property.” Caveglia went on to say, “There are two
college universities within 5 miles and three public schools within 2 miles of
the Forum.”
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Boca Raton Resort |
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
Mobile: 561-376-3176
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