cohen financial arranges $12.44 million for two multifamily properties ...

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Jul 30, 2014 - The Ferndale Realty Group, LLC, a national apartment owner and operator. “Cohen Financial did an outsta
 

COHEN FINANCIAL ARRANGES $12.44 MILLION FOR TWO MULTIFAMILY PROPERTIES IN CINCINNATI, OHIO Chicago (July 30, 2014) – Cohen Financial, a national real estate capital services firm, today announced that Dan Rosenberg, Managing Director of Cohen Financial in the Chicago office, has secured $12.44 million in acquisition financing for two multifamily properties located in Cincinnati, Ohio. The properties include the 352 unit Ashley Woods Apartments located at 2300 Walden Glen Circle, and the 316 unit Towerview Apartments located at 5313 East Knoll Court. Both properties are well leased. Mr. Rosenberg secured two 10-year, fixed rate loans with a CMBS lender. The borrower is an affiliated company of The Ferndale Realty Group, LLC, a national apartment owner and operator. “Cohen Financial did an outstanding job of working with us, and the lender to ensure the best possible financing for our two transactions,” said Alon Yonatan, Chairman & Chief Executive Officer of The Ferndale Realty Group. About Cohen Financial Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, loan administration and advisory services. Cohen Financial is well recognized as one of the nation's leading loan servicers and special servicers, as well as an originator of commercial and multifamily real estate financing. Known for finding innovative solutions to meet client needs, the company maintains an Equity Practice to help borrowers complete their capital needs and an enhanced Capital Advisory and Valuation Services to assist financial institutions and investors to better evaluate assets and investment opportunities. Cohen Financial serves clients throughout the U.S. from offices in 10 major markets.