Cohen Financial secures more than $12M for multifamily property
August 25, 2010 | Staff Writer | Print Article | Email this Article
Cohen Financial, a national real estate capital services firm, today announced that it has secured $12.07 million refinancing of a 222 unit multifamily property in Mount Prospect, a suburb of Chicago. 
Dan Rosenberg, director of Cohen Financial in the Chicago office, secured the 35-year, fixed-rate loan with an 85 percent loan-to-value (LTV) through Oak Grove Capital, a national multifamily lender. The borrower is a Chicago-based multifamily property investor and manager. The financing closed at the end of July 2010.
“Even though the transaction took a long time to structure and close, the borrower and the property are in a strong position for many years to come,” said Mr. Rosenberg.
Tags | Chicago, Cohen Financial, Multifamily, sale
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