The 10-year loan, with the interest based on the 10-year Treasury rate, will be amortized over 30 years. The deal was originated by Cohen Financial's Don Trossman.
In north suburban Highland Park, Cohen Financial's Steve Roth originated a $1.9-million refinancing of Park West Medical Plaza. The 10-year non-recourse loan, which will be amortized over 25 years, was written at 60% loan-to-value, which would make the asset owned by a Skokie-based partnership worth more than $3 million. The interest also is based on the 10-year Treasury rate.
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