Feb 5, 2014 - Bay area. Both properties are fully leased to Iron. Mountain. Paul Schroeder, a Managing Director in Cohen
COHEN FINANCIAL SECURES $12.73 MILLION FOR TWO INDUSTRIAL PROPERTIES IN THE SAN FRANCISCO BAY AREA San Francisco (February 5, 2014) – Cohen Financial, a national real estate capital services firm, today announced that it has secured a total of $12.73 million to refinance two industrial properties in the San Francisco Bay area. Both properties are fully leased to Iron Mountain. Paul Schroeder, a Managing Director in Cohen Financial’s San Francisco office, originated both longterm, fixed-rate loans with a correspondent lender, Sun Life Financial. One industrial property is located in Hayward, and the other is located in South San Francisco. “The funds were used for the developing partner to buy out the interest of the joint venture financial partner,” said Mr. Schroeder. “Both markets in which each warehouse is located have excellent rental trends and market fundamentals. Each warehouse is well located.”
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.
