HC Real Estate Capital arranges $16,800,000 in financing for medical office building in Boca

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BOCA RATON, FL – August 21st, 2014 Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $16,800,000 of financing for a multi-tenant medical building located at 1905 Clint Moore Road Boca Raton, FL. HC Real Estate Capital worked with the borrower to secure 10 year financing through a correspondent Life Insurance Company relationship. Built in 1996, the 1905 building is a 101,381 square foot medical building that is currently 95% leased to a roster of local and regional tenants. The property is located just west of Military Trail and Clint Moore Road in Boca Raton, FL. 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.” 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.