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| 331 East Atlantic Avenue, Delray Beach, FL |
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| Chris Caveglia |
Delray Beach, FL, March 7,
2016 -- Chris Caveglia and Kurt Hoffmann
of HC Real Estate Capital have arranged $4,460,000 in financing for the
property located at 331 East Atlantic Avenue Delray Beach, FL.
The 100% leased, two-story mixed-use building
property is made up of two retail tenants and eleven apartment units totaling
12,800 SF. The retail tenants include:
Bank United and Peter Mark Salon. The
property is situated on approximately 0.15 acres of land in the heart of Delray
Beach on Atlantic Avenue.
Financing was arranged through a regional
banking relationship at a competitive fixed interest rate that allowed the
borrower to carry out their long-term plan for the property.
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.
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| Kurt Hoffmann |
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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