CAMPBELL, CA-Cohen Financial, a national real estate capital services firm, has secured $25 million to refinance the Kirkwood Village Apartments located in the heart of Silicon Valley in Campbell. The fully-leased, well maintained property was constructed in the early 1960's and consists of 255 units housed in 64 three- to six-plex buildings.
Kenneth Fox, a managing director in Cohen Financial's San Francisco office, originated the transactions and secured the long term, fixed rate loan. Lincoln Financial Group funded the loan for the owner, a Santa Clara County-based real estate investor/ owner/developer and long-term Cohen Financial client.
“We locked in a forward commitment interest rate back in January of this year for the mid-year funding that afforded the borrower an extremely low interest rate,” said Fox.
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, investment brokerage, loan administration and advisory services. The company was named top originator for specialty finance in the MBA 2012 Commercial Real Estate/Multifamily Finance Firms--Annual Origination Volumes report. Cohen Financial serves clients throughout the U.S. from offices in 10 major markets.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
