FORT LAUDERDALE, FL-Cohen Financial has obtained $4.3 million in senior bridge loan for acquisition of 62 unsold Village East units. Village East, a 264-unit Class A property with condominiums and townhomes, is situated at 2119 SE 10th Ave. in Fort Lauderdale.
The purchased units were nearly 91% occupied at the time of sale. Daniel R. Sheehan, Kevin M. O'Grady and Eric McGlynn from Cohen Financial set up the financing with a special lender.For the full story, go to Florida Real Estate Journal.
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