The refinancing package consists of a construction loan from Canadian Imperial Bank and long-term take-out financing from the Union Labor Life Insurance Co. The project's original lender, Credit Suisse First Boston, has been fully repaid and has no further interest in the property, say officials with Cohen Brothers Realty Corp. Richard T. Horowitz of Cooper-Horowitz, Inc, arranged the financing.Cohen Brothers Realty has taken over the leasing assignment for the 600,000-sf property, which is being redeveloped into a multi-tenant corporate center.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
