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CHICAGO-Cohen Financial has secured $4.8 million in refinancing for two multifamily properties in Chicago’s Lakeview neighborhood. The national real estate capital services firm arranged the financing for Campise Properties, an investor focused on multifamily properties in Lakeview and Wrigleyville, with Fannie Mae as the lender. The properties refinanced are the 36-unit 3500 N. Fremont St. and the 16-unit 3433 N. Lakewood St.

“In working with Fannie Mae, the professionals at Cohen Financial made what is typically considered a complicated and arduous process into one that was easy and transparent,” says Frank Campise, founder and president of Campise Properties. The transactions were 75% loan-to-value, and had a 10-year term with a 30-year amortization schedule.

Both properties are 100 percent occupied. Cohen’s Loan Administration platform is servicing the loans, which were originated and structured by Steve Kundert, VP in the firm’s Skokie, IL office. “The quality of the assets, coupled with the experience and expertise of the borrower, allowed us to maximize the loan proceeds and help Mr. Campise achieve his capital goals with very competitive rates and structures,” Kundert says.

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