Cohen Financial Secures $29.8 Million for Prominent Office Building in Downtown Palo Alto

Cohen Financial, Palo Alto, San Francisco, Commercial Real Estate News,

San Francisco (May 29, 2014) – Cohen Financial, a national real estate capital services firm, today announced that it has secured a $29.8 million refinance loan for one of the largest office buildings located in downtown Palo Alto, California. The four-story building is located on Lytton Avenue across the street from Palo Alto’s Caltrain Station. The property is fully leased to a single tenant.

image001Paul Schroeder, a Managing Director in Cohen Financial’s San Francisco office, originated the $29.8 million loan. He secured the fixed rate, seven-year term loan with Sun Life of Canada, a Cohen Financial correspondent lender. The transaction closed in May 2014.

“The property has an outstanding location, which allowed the lender to stretch all of its usual underwriting parameters to win the transaction,” said Mr. Schroeder.

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.

West Coast Commercial Real Estate News