New Mortgage Pricing Benchmarks Set by Low Interest Rates

Chicago, IL -- The Real Estate Capital's Scoreboard for December notes that the Fed's clearly-publicized intention
to keep interest rates low until 2015 firmly establishes new mortgage pricing benchmarks for the next few years. Realty investors now fully realize that lower returns are here to stay within a flattened yield curve environment.  

Crowded competition for higher-quality loans also assures that virtually no extra money is left on the table for "arm-chair" yields.Lenders must aggressively hunt for the right loan opportunities, or stay on the sidelines.

Where is the low-hanging fruit in the real estate capital jungle? The answer lies in Pro forma lending.  Pro forma underwriting allows for more favorable

funding structures, while tapping into better yield profiles.  More forward-looking risk means more risk and corresponding profits.  The most popular routes for pro forma loans include high leverage debt, bridge loans and forward-delivery mortgages:
Bridge/Transition Loans:  High leverage bridge loans are a void in the market.  As banks slowly re-emerge from their past lending woes, bridge lenders fill the gap for borrowers seeking maximum debt on value-add acquisitions. 

Funding as much as 90% of the capital stack, most bridge

lenders are private debt funds willing to take such interim risk based upon yields in the high-single-digit or more range.  Extra origination and fees (as much as three percent) add to the juicy yields.  The risk is high, but the profits are attractive in the redevelopment plans are clearly devised by proven sponsorship.  Exit underwriting limited to 75% or less LTV based upon stabilized value projections and permanent loan programs available in the market for the bride loan "take-out."

High leverage debt: While maximum leverage is often the goal of many borrowers for improving profitability with less cash down, a number of justifiable circumstances warrant such underwriting if future economic performance is readily provable. For instance, well-located, well-conceived
commercial properties are rebounding due to rising tenant demand combined with more profitable rollover. Select funding sources understand such leverage goals and can achieve additional pricing of 25 to 50 basis points premiums for climbing the capital stack to as much as 75% LTV.

Forward-delivery Loans:  Borrowers seek these early commitments from lenders to minimize uncertainty in there capital transactions execution;  Lenders fear committing future funds at locked rates in case interest rates climb during the interim period. Forward deliveries are available because lenders see the benefit of capturing new-construction/refinance opportunities for projects that would otherwise be unavailable at attractive pricing (e.g., core multifamily) -- an early bite at the apple.

Jeanne Peck

Jeanne Peck of the Real Estate Capital Institute advises, "For the right
property/sponsor marriage, bridge loans have been an integral tool for
repositioning commercial and residential property as the market continues on
its path out of distress."

The Real Estate Capital Institute(r) is a volunteer-based research
organization that tracks realty rates data for debt and equity yields.  The
Institute posts daily and historical benchmark rates including treasuries,
bank prime and LIBOR. 

Call the Real Estate Capital RateLine at
7RE-CAPITAL (773-227-4825) for hourly rate updates.

The   Real Estate Capital Institute(r)
3517 West Arthington Street
Chicago, Illinois USA 60624

Contact: Jeanne Peck, Executive Director
www.director@reci.com
www.reci.com

Waterton Associates purchases Two Blocks Apartments in Atlanta, GA.

Two Blocks Apartments, Atlanta, GA

CHICAGO, Nov. 29, 2012 /PRNewswire/ -- Waterton Associates is pleased to announce the recent acquisition of Two Blocks Apartments, a 400-unit community located in Atlanta, GA.  Two Blocks is the seventh asset purchased by Waterton this year.

Constructed in 2008 by Pollock Shores Real Estate Group, the development features 5 mid-rise buildings, 2 mid-rise parking decks, and includes 400 apartments consisting of one and two bedroom garden and loft style units. 

The property, located in the Chamblee Dunwoody area of Atlanta, offers close proximity to I-285, GA 400, I75 and I85.

Max Peek

"Waterton is pleased with the acquisition of Two Blocks Apartments and we are excited to add another community to our growing Atlanta portfolio," states Max Peek, Senior VP of Acquisitions, Waterton Associates.  "The community is a well-located, well-built asset that offers tremendous value to our customers."

Waterton closed the Two Block Apartments transaction Oct. 26, 2012.

  For a complete copy of the company’s news release, please contact:

Virginia Love,

+1-404-937-2061,

vlove@wallc.com

www.watertonassociates.com

Beech Street Capital Closes $16.5 Million Fannie Mae Loan for Boca Raton, FL Apartments

Crystal Palms, Boca Raton, FL

 BETHESDA, MD – Beech Street Capital, LLC, announced it closed a $16.5 million Fannie Mae conventional loan to refinance Crystal Palms, a 175-unit garden-style multifamily property in Boca Raton, Florida.

Brian Sykes, vice president in Beech Street’s Boston office, originated the deal.   The borrower, Scully Company, currently operates 30 properties in Pennsylvania, New Jersey, Connecticut, and Florida and manages garden and high-rise communities ranging in size from 88 to 1,000 units.

Brian Sykes

Beech Street constantly monitors market conditions and was able to close the transaction at a lower rate with higher proceeds than was communicated at application. The borrower’s “all in rate” was extremely attractive. “Beech Street got the job done and exceeded our expectations,” said Mike Scully, cochairman of Scully.

 Crystal Palms consists of two-story, garden-style buildings, each with lanais.  Amenities include a pool, fitness center, and tennis courts.  It is located in an attractive residential area, close to shopping and major highways. 

Michael Scully

 The fixed-rate loan has a seven-year term, with 6.5 years yield maintenance and a 30-year amortizing schedule.

  For a complete copy of the company’s news release, please contact:

Courtney Lewis at

240-507-1948

Jenifer Bernardi  

240-507-1946.

www.beechstcap.com

Exit Realty of Daytona Beach Names New Broker Associate and New Sales Associate

Patrick Sullivan

 DAYTONA BEACH, FL --- Exit Realty of Daytona Beach has appointed one new broker associate and one new sales associate.

Aswin Suri, principal of Exit Realty of Daytona Beach, said he named Patrick Sullivan broker associate.

Sullivan who received his Florida broker’s license in 1998, has 20 years of experience in real estate sales and has been consistently one of the top sales leaders in the area’s Board of Realtors. He is recognized as a sales specialist in new homes, investments, single-family developments and commercial property throughout the Daytona, Ormond Beach, Holly Hill, Port Orange, Ponce Inlet, New Smyrna and surrounding areas.  

Cheryl Heller

Suri also named Cheryl Heller a sales associate.  Heller, who holds a Masters Degree in Education from Ball State University in Indiana, began her real estate career in 2005 after a storied career of teaching high school in six different states, then working as a clinical social worker for the ACT Corporation in Volusia County. 

The expertise and professionalism Heller accumulated through the years has enabled her to easily help buyers and sellers of real estate on both sides of the Intracoastal.

Aswin Suri

This year Exit Realty has sold condos, homes and commercial properties totaling over $40 million which is double what the firm sold its first year 2009, Suri said.

Visit www.exitrealtyofdaytona.com.

For more information, contact

Aswin Suri, MHA, B.A., Owner, Exit Realty of Daytona 386-383 3000 or aswin@aswinsuri.com;

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com;

Herald Plaza in Miami, FL Sold for $9 Million

Herald Plaza, Miami, FL

PEMBROKE PINES, FL,  Dec. 5, 2012 --- An investment group led by a pair of veteran South Florida real estate executives has acquired the landmark office complex Herald Plaza that houses the Miami Herald’s Broward County bureau along I-75 in Pembroke Pines.

The deal for the 77,000-square-foot, two-building campus closed Dec.4.

The sale price was $9 million, or about $116 a square foot. 

Darcie Lunsford, VP of McCraney Property Co., represented the landlord in those transactions and will continue to handle leasing for the new ownership. In all more than 34,000 square feet of new leases have been executed in the two-building complex since January. The project now stands about 98 percent leased.

Grover & Corlew LLC, a boutique real estate investment and management firm focused on multi-family, office and medical office properties, acquired the high-profile Herald Plaza complex.  The acquisition was done in partnership with Atlantic Creek Real Estate Partners LLC (“Atlantic Creek”), an opportunistic commercial real estate investment fund with offices in New York City and Palm Beach, Florida.  

The seller was a venture between Coconut Creek-based Butters Group and Boca Raton-based Milhous Group.

The CBRE team of Scott O’Donnell, Jeffrey Kelly, Dominic Montazemi, Marty Busekrus, and Miguel Alcivar brokered the transaction.

 year.

For a complete copy of the company’s news release, please contact:

Don Silver

Chief Operations Officer

Boardroom Communications

(954) 370-8999

(954) 629-7523 Cell

(954) 370-8892 Fax

donsil@boardroompr.com  

Jones Lang LaSalle Completes $30M Sale of Phoenix, AZ Multifamily Property

La Palma Apartments, Phoenix, AZ

 PHOENIX, AZ, Dec. 5, 2012 – Jones Lang LaSalle’s Capital Markets experts today announced the firm has closed the sale of La Palma in Phoenix on behalf of LAP LLC of Orange County, California.

 Purchased for $30.1 million by Seattle-based Weidner Investment Services, the 548-unit apartment complex further cements the local market presence of Jones Lang LaSalle’s new multifamily investment sales practice, created when Executive Vice President John Cunningham joined the firm in fall of 2011.

John Cunningham

Cunningham and Vice President Charles Steele led the Jones Lang LaSalle team on this transaction, with assistance from San Diego-based Executive Vice Presidents Darcy Miramontes and Diane Miramontes and Vice President Kip Malo.

 “Phoenix has a resiliency that investors trust to grow value,” said Cunningham. “The new owners of La Palma have an excellent opportunity to improve and reposition the asset in a very strong Phoenix marketplace.”

Diane Miramontes

According to Cunningham, Phoenix rental rates were up considerably at the end of the second quarter, reaching an average $774 per month compared to an average $754 in the first quarter of the year.  Vacancy has simultaneously decreased, falling from 9.8 percent in fourth quarter 2011 to 8.6 percent by mid-2012.

Darcy Miramontes

“That attracts investor dollars, and has ranked Phoenix third in the nation for total transaction volume,” said Cunningham, noting that by August, total transaction velocity in Phoenix already had surpassed its 2011 total volume of $1.49 billion.

The 548-unit La Palma, located on West Bell Road near 7th Avenue, is approximately 90 percent occupied. It includes two- and three-story buildings with one-, two- and three-bedroom units ranging from approximately 720 to 1,444 square feet. The 1984-built property sits on 27.6 acres on a major metro arterial. Amenities include two large clubhouses, four swimming pools and multiple sports courts.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

HFF arranges $9.2 million refinancing for Plaza at Milltown in Oahu, Hawaii

The Plaza at Milltown, Oahu, Hawaii

 SAN DIEGO, CA – HFF announced today that it has arranged a $9.2 million refinancing for The Plaza at Milltown, a two-building, 30,135-square-foot commercial center in Waipahu, on the island of Oahu in Hawaii.

                HFF worked on behalf of Avalon Development to secure the 10-year, 5.25 percent, fixed-rate loan through UBS Investment Bank – CMBS.  The securitized loan is refinancing a current mortgage on the property.

Aldon Cole

                The Plaza at Milltown was completed in 2008 and is fully leased to tenants including national credit tenants Ohana Well Care and Liberty Dialysis.  The property is situated on a 1.76-acre site within the Mill Town Industrial and Business Park, within 1/8th mile to the on./off –ramps to Interstate Highway (H-1) about 18 miles from downtown Honolulu.

Husayn Hasan

                The HFF team representing Avalon Development was led by managing director Aldon Cole and real estate analyst Husayn Hasan.

                Avalon Development is Hawaii’s premiere full-service real estate development, brokerage and management firm.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

Gladstone Commercial Corp. Announces Property Acquisition in Columbia, SC

MCLEAN, VA /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported it purchased a 146,483 square foot office building located in Columbia, South Carolina for $29.2 million.  The building is currently leased to Verizon Wireless.

"We are excited to add to our portfolio this Class A office building that serves as a primary operations center for this well positioned credit tenant," said Buzz Cooper, the Managing Director responsible for the transaction.

Gladstone Commercial Corporation is a real estate investment trust ("REIT") that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. 

The Company currently owns 80 properties.  Including payments through October 2012, the Company has paid 94 consecutive monthly cash distributions on its common stock.

Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.  Additional information can be found at.

For a complete copy of the company’s news release, please contact:

 Gladstone Commercial Corporation

+1-703-287-5893

http://gladstonecommercial.investorroom.com

www.gladstonecompanies.com

Brooklyn, NY Apartment Building Sells for $16 Million

Peter Von Der Ahe

 BROOKLYN, NY – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 105 Grand Avenue, a 36-unit apartment building located in Brooklyn’s Clinton Hill neighborhood. The $16 million sales price equates to $444,444 per unit.

Peter Von Der Ahe, a first vice president investments, Joe Koicim and Scott Edelstein, vice presidents investments, and Sean Lefkovits, an associate, all in Marcus & Millichap’s Manhattan office, represented the seller, a Brooklyn-based investment group. Von Der Ahe, Koicim, Edelstein and Lefkovits also represented the buyer, Springhouse Partners.

Joseph Koicim

             “With vacancy in Brooklyn and Queens compressing to the lowest level in nearly a decade this year, local, out-of-state and international investors are actively seeking high-quality multifamily assets in the New York City area,” says Koicim. “105 Grand Avenue’s modern design and central Clinton Hill location added to the overall attractiveness of this investment opportunity.”

            The seven-story elevator building is located at 105 Grand Ave. in Brooklyn. The Pratt Institute is across the street and Fort Greene Park is nearby. 

The building’s unit mix features studios and one- and two-bedroom apartments. Amenities include a gym and a rooftop deck with views of Manhattan.

Contact:

Marcus & Millichap

Public Relations

(925) 953-1716

PCCP VJ Acquires Watters Creek Note in Allen, TX

Waters Creek at Montgomery Farms, Allen, TX

FORT WORTH, TX– A joint venture of Trademark Property Co., the Fort Worth-based retail and mixed-use development, investment and services firm, Coventry Real Estate Advisors, a New York–based real estate investment manager, Southern Land Co., a Tennessee-based multi-faceted real estate developer, and Los Angeles-based PCCP, an integrated real estate finance and investment management firm, announced the recapitalization of the Class A mixed-use project, Watters Creek at Montgomery Farm, located just north of Dallas in Allen, Texas.

The Joint Venture acquired the note on the property from a multi-bank syndicate led by PNC Bank. PCCP provided the capital for the transaction from its opportunistic fund, PCCP Equity VI, L.P., which targets high quality real estate with distressed capital structures that need the workout expertise combined with fresh equity capital that PCCP can bring.

The restructuring provides ownership the time and flexibility to allow for Watters Creek to reach its full potential over the next few years. Plans include the immediate execution of more than 25,000 square feet of new leases and the implementation of a wide range of property improvements.

Lofts at Watters Creek

Watters Creek is a 706,000 sf Class A mixed-use development consisting of 100,000 sf of office, 356,000 sf of retail and the 233-unit Lofts at Watters Creek multi-family apartments. Located at Bethany Drive and U.S. 75 in Allen, the project was developed and capitalized by Trademark, Coventry and Southern Land and opened in 2008.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

www.pccpllc.com

www.coventryadvisors.com

www.trademarkproperty.com

www.southernland.com

Essex Realty Group Brokers Sale of The Astor House in Chicago, IL

  

The Astor House, 1246 W. Pratt Blvd.

 CHICAGO, IL -- Essex Realty Group, Inc. is pleased to announce the sale of 1246 W. Pratt Blvd. (The Astor House),  a 13-story, 124-unit corridor apartment building located in Chicago’s Rogers Park neighborhood and only two blocks from Loyola University. 

The building is situated just west of Sheridan Road, less than two blocks west of Lake Michigan.

The Subject Property consists of a unit mix of nineteen studios, twenty-three large studios, fifty-three 1 bedroom/1 bath, twenty-five large 1 bedroom/1 bath, three 2 bedroom/1 bath and one penthouse.

Doug Imber

 Doug Imber, Doug Fisher and Matt Welke of Essex were the brokers in the transaction.  The price was approximately $7,000,000

 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

Contact:

Douglas S. Imber

Essex Realty Group, Inc.

773.305.4902

dougimber@essexrealtygroup.com

www.essexrealtygroup.com

Arbor Funds 7 FHA Deals Totaling $87.6M from Hawaii to Virginia

Hale Pauahi Apartments, Honolulu, HI

 UNIONDALE, NY (Dec. 5, 2012) – Meeting the robust demand for multifamily financing through the FHA’s mortgage insurance programs, Arbor Commercial Mortgage, LLC, a national, direct commercial real estate lender, announced the recent funding of seven loans totaling $87,618,800 under several FHA financing product lines from Hawaii to Virginia.

·         Hale Pauahi Apartments, Honolulu, HI – This 396-unit multifamily property received $11,816,600 funded under the FHA 223(a)(7) product line. The 17-year refinance loan amortizes on a 17-year schedule. The property is located in downtown Honolulu and consists of apartment units with sizes ranging from studio to three-bedroom.

Chester Village Green Apartments, Chester, VA

·         Chester Village Green, Chester, VA – This 137-unit multifamily property received $11,019,000 funded under the FHA 223(a)(7) product line. The 40-year refinance loan amortizes on a 40-year schedule. Amenities at Chester Village Green include a clubhouse, a fitness center, a swimming pool, a tennis court, garage parking and a playground.

·         Haven Pointe Apartments, West Haven, UT – This 192-unit multifamily property received $10,725,000 funded under the FHA 223(a)(7) product line. The 37-year refinance loan amortizes on a 37-year schedule. Amenities at Haven Pointe include a clubhouse, a fitness center, a swimming pool, a basketball court, storage areas and a playground.

Haven Pointe Apartments, West Haven, UT

·         Glenwood Apartments, East Lansing, MI – This 138-unit multifamily property received $8,160,000 funded under the FHA 223(f) product line. The 35-year refinance loan amortizes on a 35-year schedule. This garden-style property primarily markets to students from nearby Michigan State University. 

·         Penny Lane Apartments, Ruston, LA – This 72-unit multifamily property received $5,229,000 funded under the FHA 223(f) product line. The 35-year refinance loan amortizes on a 35-year schedule. The newly constructed property serves a large student and faculty population, with an estimated 45 percent of residents being students from Louisiana Tech University and Grambling State University.

Glenwood Apartments, East Lansing, MI

  

·         Ellsworth Square Apartments, Salem, OR – This 72-unit multifamily property received $2,664,000 funded under the FHA 223(f) product line. The 35-year refinance loan amortizes on a 35-year schedule. Ellsworth Square is located approximately two miles northeast of downtown Salem and consists of nine two-story residential buildings.

·         Multifamily Asset, Chester, VA – This 322-unit multifamily property received $38,005,200 funded under the FHA 223(a)(7) product line. The 40-year refinance loan amortizes on a 40-year schedule. The property is a three-story, garden-style apartment community situated on a 31.34-acre property featuring a clubhouse, 24-hour fitness center, swimming pool, tennis court, billiard lounge and playground. 

Joseph Donovan

“This portfolio of loans, financed across the country, once again demonstrates the capabilities of Arbor’s FHA Lending Group,” said Joseph Donovan, Arbor’s Senior Vice President, Director of FHA Lending. “This established FHA platform has allowed us to meet our long-time clients’ increasing demand for FHA financing wherever they do business across the country.” 

Contact:

Chris Ostrowski

Arbor Realty Trust, Inc.

 Tel: (516) 506-4255

333 Earle Ovington Blvd,

Suite 900

costrowski@arbor.com

DoubleTree by Hilton Opens Fourth Hotel in Baltimore, MD Area

Renovated DoubleTree by Hilton Hotel
 Baltimore North-Pikesville

 McLean, VA (Dec. 3, 2012) – DoubleTree by Hilton today announced the opening of the newly renovated, upscale, full-service, 171-room DoubleTree by Hilton Hotel Baltimore North - Pikesville.

Formerly a Hilton, the hotel is owned and operated by Pikesville Hotel Limited Partnership, a division of the Mangione Family Enterprise under a franchise license agreement with a subsidiary of Hilton Worldwide.

Rob Palleschi

As part of the brand transformation, renovations have been completed in all areas of the DoubleTree by Hilton Baltimore North – Pikesville.  Guest rooms now feature new carpeting, window treatments, furniture and bedding, as well as Wolfgang Puck in-room gourmet coffee and tea service. Bathrooms were redone in their entirety, including granite countertops and new CITRON by Crabtree & Evelyn bath and body products.

Bill Leonhardt

“The DoubleTree by Hilton CARE culture is a natural fit for this hotel,” said Bill Leonhardt, general manager.  “Pikesville is the largest Orthodox Jewish community outside of New York, and our staff takes great care to understand and respond to the needs and traditions of our neighbors.” 

“The Baltimore market has fully embraced the DoubleTree by Hilton brand as evidenced by the success of our three other properties in this metro area,” said Rob Palleschi, global head, DoubleTree by Hilton.

 “Baltimore is a major business and government hub for the region, as well as a robust leisure market with great family attractions and an active cruise terminal. Expanding our brand in the Baltimore suburbs is a smart move for DoubleTree by Hilton, and I am certain that the community will continue to appreciate our unique brand of genuine, caring service.”  

 The DoubleTree by Hilton is located at 1726 Reisterstown Road, Pikesville, Maryland 21208. For more information, please visit www.doubletree.com, contact your preferred travel professional or call +1 800 222 TREE.  

For a complete copy of the company’s news release, please contact:

Maggie Giddens

Director, Global Brand Public Relations

DoubleTree by Hilton

+1 703 883 5346

Maggie.Giddens@Hilton.com

 Lauralee Dobbins

Daly Gray Public Relations

+1 703 435 6293

 Lauralee@dalygray.com

NAI Realvest Negotiates Lease Agreement with Tampa-Based Carpeting Firm for 21,000+ SFIndustrial Building in Orlando

4573 Dardanelle Drive, Orlando, FL

 MAITLAND, FL. – NAI Realvest recently negotiated a new lease agreement for the 21,142 square foot industrial building at 4573 Dardanelle Drive, off Silver Star Rd. near the intersection of John Young Parkway and I-4 in Orlando.

 Michael Heidrich, principal at NAI Realvest in Maitland, brokered the transaction representing Landlord Orange Distributors, based in Lithia near Tampa.  

Michael Heidrich

Lifestyle Carpets, Inc., a Tampa-based firm that supplies the single and multi-family homebuilding industry, leased the property, which includes 3,640 square feet of office space in the fenced-in building situated on 2.1 acres.

For more information, please contact:

Michael Heidrich, Principal NAI Realvest 407-875-9989 mheidrich@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

Beth Payan or Larry Vershel, LV Communications, 407-644-4142 Lvershelco@aol.com

HC Real Estate Capital Arranges $5,300,000 in Financing for Retail Property In Boca Raton, FL

Towne Plaza, Boca Raton, FL

Boca Raton, FL – Dec. 3, 2012 Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $5,300,000 in financing for Towne Plaza (“TP”) located at 2301 Glades Road Boca Raton, FL.

TP is a 25,500 square foot retail center that is currently 100% leased to a roster of national tenants.

  The non-recourse financing was arranged through a correspondent Life Insurance Company relationship that replaced a maturing CMBS loan on the property.   The loan carries a 15-year term at a competitive, fixed interest rate.

Kurt Hoffmann, Principal at HC Real Estate Capital states, “The borrower was able to lock a 6-month Forward Loan Commitment for this high profile retail property that is located at one of the busiest intersections in Boca Raton, Florida.”

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. 

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

ccaveglia@hcrecapital.com

www.HCREcapital.com