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| 1060 Brickell condominiums, Miami, FL |
DELRAY BEACH, FL, June 24, 2014 -- Chris Caveglia and
Kurt Hoffmann of HC Real Estate Capital have arranged $5,000,000 in
financing for 69 units located within 9 separate communities throughout South
Florida and Naples, FL.
Combined, the units
are 100% occupied. HC Real Estate
Capital utilized its relationship with the lender to create a structure that
would allow the borrower to refinance their existing debt with a new 5-year
loan.
Chris Caveglia, Principal at HC Real Estate Capital stated,
“This was a very complicated transaction and both the lender and the borrower
worked well together to get the loan closed”
Caveglia went on to say, “the loan
structure allows the borrower to carry out the long term plan of the borrower.”
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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