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| Marigot Bay Apartments, Sarasota, FL |
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| Chris Caveglia |
Sarasota, FL, Dec. 1, 2014 -- Chris Caveglia and Kurt
Hoffmann of HC Real Estate Capital have arranged $18,000,000 in a financing
for Marigot Bay Apartments in Sarasota, Florida. Financing was arranged through a Life
Company Relationship at a competitive rate with 7 years of Interest Only.
Marigot Bay
apartments is a 220-unit garden style apartment community, built in 2003 and
situated on 18.88 acres. The 220 units
are comprised of 64 one bedroom, one-bathroom units, 108 two-bedroom, two
bathroom, 44 three bedroom, two-bathroom units and 4 four bedroom, two bathroom
units.
Property amenities include an elegant clubhouse, leasing and
management offices, lakefront lagoon-style pool and heated spa, two scenic
lakes, detached garages, gas BBQ grills, and a fully equipped fitness
center.
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| Kurt Hoffman |
Chris Caveglia, Principal at HC Real Estate Capital states,
“All sides of the transaction worked well together to meet the closing
deadline.”
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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