Terms of the 10-year nonrecourse loan include a 30-year amortization schedule and 80% loan to value and pricing based on the 10-year U.S. Treasury Index. The lender provides conduit financing.
In the other deal, Cohen arranged $12.82 million in debt placement for the 97,565-sf Creekside Office Building II in the Inverness Business Park. Creekside is a single-story, speculative office buidlng.
The 30-month, full recourse loan has a 80% loan-to-value ratio and pricing based on the prime index.
Chicago-based Cohen Financial has offices in nine major US markets and more than 135 real estate and finance experts. Its market capitalization is more than $100 million.
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