The Real Deal Miami

Mortgage firm arranges $76.5M in financing over three months

Largest mortgage was for $24M

March 06, 2015 12:00PM

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Chris Caveglia and Kurt Hoffman of HC Real Estate Capital

Chris Caveglia and Kurt Hoffman of HC Real Estate Capital

HC Real Estate Capital, a private mortgage banking firm based in Delray Beach, has arranged a $76.5 million in financing over the last 90 days.

Founders Kurt Hoffman and Chris Caveglia brokered the mortgages, which ranged from acquisition funds to construction loans, according to a release. 

The $76.5 million was spread out over nine mortgages, the largest of which was $24 million for a multi-family project in Hillsborough County. The smallest was $1.5 million in acquisition financing for a 48,433-square-foot retail property in Highlands County, according to the release. Four of the loans were arranged for Delray Beach retail developments, ranging from nearly $5 million to $10.5 million.

“HC Real Estate Capital has been active in covering the market for their borrowers with life insurance companies, commercial banks and CMBS lenders,” Hoffman and Caveglia said in a joint statement. “The recent loan closings have accomplished the borrower’s goals of acquisition financing, construction financing and ordinary refinancing of existing debt at extremely attractive rates and terms.” — Sean Stewart-Muniz

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