Mortgage firm arranges $76.5M in financing over three months

Largest mortgage was for $24M

Mar.March 06, 2015 12:00 PM

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

Related Articles

Daily Digest Miami

Saks makes bid for Barneys, Eighty Seven Park will offer a certified botanist: Daily digest

Daily Digest Miami

Edgewater Opportunity Zone site hits the market, FHA will back more condo loans: Daily digest

Daily Digest Miami

WeWork files IPO, Florida needs nearly 670K new apartments to fuel population growth: Daily digest

Mexico Beach, Florida, in the aftermath of Hurricane Michael in 2018 (Credit: Getty Images)

Fitch to include natural disasters risks to RMBS ratings

Home buyers in front of a house (Credit: iStock)

Lenders opening doors to a wider swath of home buyers

Is the tax overhaul law impacting real estate?

More Americans are choosing not to tap into their home equity

Strong spring real estate season shaping up — but who’s got the advantage?