PALO ALTO, CA—Cohen Financial has arranged a$29.8 million refinance loan for one of thelargest office buildings in downtown Palo Alto.
The four-story building is located onLytton Avenue across the street from Palo Alto'sCaltrain Station. The property is fully-leased toa single tenant.
Paul Schroeder, a managing director in CohenFinancial's San Francisco office, originated the $29.8 millionloan. He secured the fixed rate, seven-year termloan with Sun Life of Canada, a CohenFinancial correspondent lender. The transaction closed inMay 2014.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
