Cohen Financial Secures $29.6 Million in Refinancing for Two Adjacent Retail Buildings Located along the Popular State Street Shopping District in 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 finance company, announced that the firm has secured $29.6 million debt refinancing for two retail buildings located at 26-32 and 36 South State Street in Chicago. State Street is situated in the heart of Chicago near the extremely popular Millennium Park Millennium Park is a prominent civic center of the City of Chicago in Illinois and an important landmark of the city's lakefront. A redeveloped section of Grant Park, the 24. and features a thriving business section, as well as world-renowned retailers, restaurants and entertainment venues. The 26-32 South State Street property is a five story retail only property. Thirty-six South State Street is a 19 story mixed use property. Retail anchor tenants are located on the first two floors of the building and include Zales Jewelers, Blick Art Supply and a T-Mobile store. The top 17 floors are being developed as a condominium property. Cohen Financial secured a $29.6 million, long-term financing Long-term financing Liabilities repayable in more than one year plus equity. . The lender is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with a correspondent relationship with Cohen Financial. The client is an East Coast based urban retail center developer. Christopher Carroll, Director in Cohen Financial's Chicago office, originated the transaction. "This transaction allowed our client to recapitalize these premier urban retail locations by taking advantage of the aggressive capital markets," said Carroll. "We are pleased to have facilitated the refinancing of both buildings at this time." Cohen Financial is a national real estate finance company offering debt and equity placement, investment brokerage, loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. 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. |
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