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SPOKANE, WA-GlobeSt.com exclusively learns that Cohen Financial obtains financing for two deals here in Spokane. The first is that it secured a $6.3-million loan for the refinancing of the 115-unit Beau Rivage Apartment building on the Spokane River near Centennial Trail. It also secured an $8-million loan to refinance the 43,000-square-foot class A Iron Bridge III office building located on the Spokane River just east of downtown Spokane.

The Beau Rivage Apartments are located at 4909 E. Upriver Dr. and covers 134,200 square feet. The one, two and three bedroom apartments are fully leased. Peter Norrie, the managing director in Cohen Financial’s Portland office, secured the loan, which equated to a 75% loan-to-value and carried a 10-year term and 30-year amortization schedule. The loan was priced over the 10-year US Treasury.

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