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| HSBC Plaza, 19120 South State Road 7, southeast corner of State Road 7 and 441 and Yamato Road in Boca Raton, FL |
Boca Raton, FL, April 24, 2014 -- Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $12,000,000 in acquisition
financing for HSBC Plaza (“HSBC”) located at 19120 State Road 7 Boca Raton,
FL.
HC Real Estate Capital worked with the borrower to secure 10
year financing through their correspondent Life Insurance Company relationship,
Transamerica Life Insurance Company.
HSBC Plaza is a 45,730 square foot retail center that is
currently 95% leased to a roster of local, regional and national tenants
including HSBC Bank, CVS, MedExpress Urgent Care, Dunkin Donuts and Gentle
Dental.
The property is located at 19120 South State Road 7 on
the southeast corner of State Road 7/ 441 and Yamato Road in Boca Raton, FL.
The location is within proximity of an upscale super-regional shopping center,
Boca Town Center Mall and an upscale lifestyle center, Mizner Park.
Kurt Hoffmann, Principal at HC Real Estate Capital states,
“The borrower was able to lock in low, long-term acquisition financing for this
upscale shopping center.”
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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