San Francisco (December 2, 2013) – Cohen Financial, a national real estate capital services firm, today announced that it has secured $5.8 million to refinance the Creekside, two industrial flex properties located at 222-240 Gateway Road West and 435-445 Devlin Road in Napa, California. The buildings are fully leased to four separate tenants.
Paul Schroeder, a Managing Director in Cohen Financial’s San Francisco office, originated the 10-year term fixed rate, non-recourse loan with Sun Life Financial, which was co-brokered by Terry Daly, Senior Vice President, Principal of Cassidy Turley.
“The location in a tertiary market was a challenge, however, the Creekside is well located within the market and is owned by a knowledgeable local developer,” said Mr. Schroeder.
Cohen Financial’s Loan Administration platform is servicing the loan.
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.