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South Florida

HC Capital arranges $4.3 million in financing for Boca Raton mixed-use property

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HC Capital has arranged $4.3 million in financing for Boca Pier Plaza in Boca Raton, the firm announced Friday. The property is made up of two retail buildings and one office building totaling 30,114 square feet. Financing was arranged through a corresponding Life Insurance Company. “The borrower is taking advantage of the long-term low interest rate environment we are currently in,” said Kurt Hoffman, principal at HC, who arranged the financing along with Chris Caveglia. — Alexander Britell