Cohen Financial Secures $13 Million in Acquisition Financing for a Portfolio of Medical Office Buildings in Illinois and Indiana.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 finance company, announced that the firm has secured $13 million in acquisition financing for a portfolio of medical office buildings located in Northeast Illinois and Northwest Indiana Northwest Indiana, also known as The Calumet Region, or just The Region, is comprised of Lake, Porter, LaPorte, Newton, and Jasper counties in Indiana. This region neighbors Chicago, Illinois and Lake Michigan, and is also the Indiana component of the Chicago . The lease covers five medical office buildings with 122,329 square-feet in total. The buildings are located at 9050 W. 81st Street in Justice, Illinois Justice is a village in Cook County, Illinois, United States. The population was 12,193 at the 2000 census. Geography Justice is located at (41.746382, -87.834402)GR1. ; 8900 Broadway and 201 W. 89th Street in Merrillville, Indiana; 9136 Columbia Avenue in Munster, Indiana and 2001 S. US Highway 41 in Schererville, Indiana. Cohen Financial secured a $13 million non-recourse, two-year interest only loan with pricing based on the 5-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 life insurance company with a correspondent relationship with Cohen Financial. Steve Roth, a Partner in Cohen Financial's Skokie, Illinois office, originated the transaction which closed July 13, 2006. Steve Kundert, Vice President in Cohen Financial's Skokie, Illinois office, assisted with the transaction. "The multi-building, one lease deal is quite unique and our client, a national commercial real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. , is very pleased that we were able to assist them with such a distinct transaction," said Roth. Roth also noted, "Medical office properties are a growing segment of the commercial real estate market space. As hospitals continue to expand and are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to augment medical staff benefits, adding off campus medical office space is on the rise." Cohen Financial is a national real estate finance company 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. Photo.jpg Available Upon Request |
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