LIVERMORE, CA—Cohen Financial, a national real estate capital services firm, says it has secured an $11 million loan to refinance a total of 11 buildings located at Interstate 580 and Airway Boulevard in Livermore. The transaction covers nine industrial and two office buildings. The properties are all well occupied by more than 100 tenants and have a long history of high occupancy.
Paul Schroeder, a managing director in Cohen Financial's San Francisco office, secured the fixed-rate, 10-year term loan with a 25-year amortization rate. The lender is Sun Life of Canada. The loan closed in November 2014.
“Our client is a repeat borrower whom I've helped source financing for multiple assets in the San Francisco Bay area for more than 20 years,” said Schroeder.
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, loan administration and advisory services.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
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.
