San Francisco – Cohen Financial, a national real estate capital services firm, today announced that it has secured $6.075 million to refinance the Point Richmond Self Storage facility located at 300 W. Ohio Avenue in Richmond, California. The single story, approximately 80,210 square foot facility is comprised of 640 storage units.
Kenneth M. Fox, CCIM, a Managing Director in Cohen Financial’s San Francisco office, originated the transaction with Wells Fargo’s Real Estate Capital Markets group, a CMBS lender, for the Bay Area owner/developer/operator.
“Our client was pleased that we secured long-term, fixed rate financing on this very well designed, well-built and attractive self storage facility,” said Mr. Fox.
About Cohen Financial
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, loan administration and advisory services. The company was named top originator for specialty finance in the MBA 2012 Commercial Real Estate/Multifamily Finance Firms–Annual Origination Volumes report. 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 recently launched 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.