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| The Terrace at Florida Mall, 730 West Sand Lake Road, Orlando, FL |
Orlando, FL – Dec. 17, 2013 -- Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $5,362,500 in acquisition
financing for The Terrace at Florida Mall (“TAFM”) located at 730 West
Sand Lake Road Orlando, FL.
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| Florida Mall |
HC Real Estate
Capital worked exclusively with the borrower to secure fixed rate financing
through a commercial bank.
TAFM is a 146,764 square foot retail center leased to a
roster of national, regional and local tenants. Built in 1989 on a 27.31-acre parcel, the shopping center is
dually anchored by Marshall’s and Bed Bath & Beyond.
The property sits adjacent to the Florida Mall, one
of the largest single-story malls in the nation at 1.9 million square feet and
a 120,000 SF Target shadow.
Chris Caveglia, Principal at HC Real Estate Capital
states, “The borrower and lender worked well together. Both sides of the
transaction stayed focused on successfully completing the financing.” Caveglia
went on to say, “This property is well located and there is upside potential
through lease up.”
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| Marshall's Department Store |
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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