Cohen Financial Secures $7.3MM Acquisition Loan for San Jose Office Building

Cohen Financial, San Jose, Moorpark Professional Building, Bay Area, San Francisco, Nikols Mortgage Fund

Cohen Financial, San Jose, Moorpark Professional Building, Bay Area, San Francisco, Nikols Mortgage FundSan Francisco (March 1, 2016) – Cohen Financial, a national real estate capital services firm, today announced that it has secured $7.3 million for the acquisition and renovation of Moorpark Professional Building, a 25,500 square foot two-story office building in San Jose, California. The property is well leased.

Paul Schroeder, a Managing Director in Cohen Financial’s San Francisco office, secured the fixed-rate, non-recourse loan with Nikols Mortgage Fund, LLC.

“Moorpark is a very well located Medical office building, which the new buyers plan to upgrade for new tenant improvements,” 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 Asset Advisory 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