Cohen Financial has arranged a $12.2 million loan for the refinancing of the Chase Tower, an office property located at 400 Texas St. in downtown Shreveport, La. The 253,743 sq. ft. property is a stabilized office building with J.P. Morgan Chase & Co. serving as the anchor tenant.
Joseph Hevey Jr., managing director of Cohen Financial in the firm’s
“Due to our strong lender relationships, and the fact that the borrower had increased occupancy and the value of the property, Cohen Financial was able to structure a non-recourse, cash-out refinance transaction, utilizing the office building and an adjoining parking garage for collateral,” says Hevey.
Chicago-based Cohen Financial is a diversified mortgage banker that offers debt and equity placement, investment, loan administration and advisory services. The company has offices in nine major markets.