San Francisco - Cohen Financial recently secured $24.9 million in financing for two California retail properties on behalf of undisclosed institutional borrowers.
The firm's San Francisco-based capital markets unit secured $9.5 million in acquisition financing for San Jose's Parkmoor Plaza shopping center. The 150,000-sq.-ft. community center is anchored by Fleming's Food and 24 Hour Fitness. Terms of the 10-year loan include a 28-year amortization schedule and 75% loan-to-value ratio.
Cohen Financial also secured $15.5 million in debt placement for a 112,760-sq.-ft. retail center in Davis. That center is anchored by Safeway and PetCo. Terms of the 10-year loan include a 30-year amortization schedule and 75% loan-to-value ratio.