Phoenix – Cohen, a national real estate capital services firm, today announced that Brandon Harrington, Cohen Financial Director in the Phoenix office, and his team Matthew Steffen, Vice President, and Rachel Saxelby, Analyst, have closed more than $100 million in commercial real estate financings in the second quarter. The majority of the transactions the team closed was multifamily and Class A office properties.
Select transactions secured by the Phoenix office in the second quarter include:
- $35 million in debt and equity financing for two Class A office properties, one on the East Coast and one in the Midwest.
- $20 million total for multifamily properties in Phoenix, Arizona.
- $14.35 million acquisition financing for a 81,875 square-foot, five-story Class A medical office property in Phoenix, Arizona
Commenting on the Phoenix office success in closing so many high-profile transactions during the quarter, Mr. Harrington said, “The second quarter offered a window where rates were very attractive, we identified aggressive sources of capital for each class of assets and executed quickly to secure the best terms for our clients.”
About Cohen Financial
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, investment, 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.