Cohen Financial Secures $11.67 Million in Financing for Two Industrial Properties near Chicago.CHICAGO -- Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. Financial, a national real estate capital services firm, announced that it has secured $11.67 million in debt refinancing for two industrial buildings located in Forest View, Illinois Forest View is a blue-collar village in Cook County, Illinois, United States. The population was 778 at the 2000 census. It is close to Chicago and has a large Slavic population. The village, however, is primarily industrial. near Chicago's Midway airport. One of the properties is a single tenant building, and the other houses multiple industrial tenants. The two buildings consist of a total of 394,000 square-feet and are located at 5000 South Nagle Street. Cohen Financial secured an $11.67 million non-recourse loan with 80 percent loan-to-value (LTV LTV See: Loan-to-value ratio ) and pricing based on the 10-year U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. . The lender is a national life insurance conduit lender. Cohen Financial secured the financing on behalf of Bridge Investments, a private equity firm based in Highland Park, Illinois Highland Park is a city in the Moraine Township of Lake County, Illinois, United States. The population was 31,365 at the 2000 census. Highland Park is one of several towns on the North Shore of Chicago characterized by its affluence. . Steve Roth, a Partner at Cohen Financial, originated the transaction which closed in October. "This was a very straight forward refinancing," said Roth. "We financed these two industrial properties for our client five years ago. They appreciated the level of service and market knowledge we brought to that transaction so came to us to work on the refinancing, as well." About Cohen Financial Cohen Financial is a national real estate capital services firm offering debt and equity placement, investment brokerage, loan servicing and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . The company is recognized as one of the nation's largest originators of commercial real estate financing, with over $5.1 billion in total transactions in 2005 and over $5.2 billion in loan servicing. The company has also provided financial advisory services on more than $1 billion of assets. Cohen Financial serves clients throughout the U.S. through its offices in 10 major markets. For more information, visit the company's Web site at www.cohenfinancial.com. |
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