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CHICAGO-A seven-story, 100,348-sf office building at 420 N. Wabash St., acquired by Friedman Properties in 1997 for $5 million, has been refinanced for $9.575 million. With the loan from Greenwich Capital written at 80% loan-to-value, that pegs the value of the asset at nearly $12 million.

The 10-year loan, with the interest based on the 10-year Treasury rate, will be amortized over 30 years. The deal was originated by Cohen Financial’s Don Trossman.

In north suburban Highland Park, Cohen Financial’s Steve Roth originated a $1.9-million refinancing of Park West Medical Plaza. The 10-year non-recourse loan, which will be amortized over 25 years, was written at 60% loan-to-value, which would make the asset owned by a Skokie-based partnership worth more than $3 million. The interest also is based on the 10-year Treasury rate.

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