Bank Founders Arrange $18 Million Sarasota Refinancing
Chris Caveglia and Kurt Hoffmann of HC Real Estate Capital arranged $18 million in refinancing for Marigot Bay Apartments in Sarasota through New York Life for seven years.
January 13, 2015 at 05:59 AM
2 minute read
Dealmakers: Chris Caveglia and Kurt Hoffmann
The Deal: The HC Real Estate Capital principals arranged $18 million in refinancing for Marigot Bay Apartments in Sarasota through New York Life for seven years.
Marigot Bay is a 220-unit garden style apartment community built in 2003 and situated on 19 acres. The complex has 64 one-bedroom units, 108 two-bedroom units, 44 three-bedroom units and four four-bedroom units. Amenities include a clubhouse, leasing and management offices, lakefront lagoon-style pool, spa, two lakes, detached garages, gas barbecue grills and a fitness center.
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