Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MADISON, WI-This college town and state capital has proven to be fertile ground for Chicago-based Cohen Financial’s capital markets unit. The firm recently arranged deals involving four multifamily projects, helping provide nearly $30 million in financing.

An insurance company provided a $13.5-million, 10-year mortgage on 505 University Ave. The 128-unit Embassy Apartments was financed at 80% loan-to-value, with pricing of the 10-year mortgage pegged to 10-year US Treasury rates.

The terms were similar for a $6.15-million loan for a 79-unit project at 8501 Old Sauk Rd.. The finance company that provided the funds wrote the 10-year, non-recourse mortgage at 80% loan-to-value with pricing based on the 10-year US Treasury rate.

A $5.7-million loan for a 115-unit property at 202 Junction Rd. was arranged at 75% loan-to-value. The terms were similar to the larger deals.

The 60-unit Seminole Creek Apartments on Mickelson Parkway was financed at 70% loan-to-value. The $2.6-million mortgage also was priced at 10-year US Treasury rates.

An hour’s drive to the east, Cohen Financial also arranged financing for the sale of a 24-unit building at 915 N. 15th St. for nearly $2.4 million. The property is near the Marquette University campus.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.