News Column

United States : HC REAL ESTATE announces arranging finance for medical building in BOCA RATON

September 3, 2014

As per the report, Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have set financing for a multi-tenant medical building which is situated at 1905 Clint Moore Road Boca Raton, FL., worth $16,800,000.

For gaining 10 year financing with a correspondent Life Insurance Company relationship, HC Real Estate Capital served with the borrower.

Kurt Hoffmann, Principal at HC Real Estate Capital states, The 1905 building has an excellent history of high occupancy in the Boca Raton medical office market. Hoffmann went on to say, The borrower was able to replace an existing CMBS loan with a low-rate Life Company Loan.

However, the firm has a wide capital supplier base which integrates insurance companies, CMBS lenders, pension fund advisors and commercial banks.

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Source: TendersInfo (India)

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