St. Petersburg, FL – Kurt Hoffmann and Chris
Caveglia of HC Real Estate Capital have arranged $4,700,000 in acquisition
financing for a shopping center located in St. Petersburg, FL. HC Real Estate Capital worked with the
borrower to secure a 10-year loan with a local lender at a competitive interest
rate.
Central Plaza is a 74,600 square foot retail shopping
center that is 92% leased. The shopping center is anchored by Goodwill, Citi
Trends, Payless Shoe Source, and Family Dollar. The property is located in an
infill location within a densely populated, urban trade area that is
approximately two miles west of downtown St. Petersburg and situated adjacent
to a Wal-Mart supercenter.
Chris Caveglia, Principal at HC Real Estate Capital states,
“The borrower was able to lock in low, long-term acquisition financing for this
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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