SAN FRANCISCO – Cohen Financial, a national real estate capital services firm, today announced that it has secured $25 million to refinance the Kirkwood Village Apartments located in the heart of Silicon Valley in Campbell, California. The fully leased, well maintained property was originally constructed in the early 1960’s and consists of 255 units housed in 64 three to six-plex buildings.
Kenneth M. Fox, CCIM, a Managing Director in Cohen Financial’s San Francisco office, originated the transactions and secured the long term, fixed rate loan. Lincoln Financial Group funded the loan for the owner, a Santa Clara County based real estate investor/ owner/developer and long-term Cohen Financial client.
“We locked in a forward commitment interest rate back in January of this year for the mid-year funding that afforded the borrower an extremely low interest rate,” said Mr. Fox.
About Cohen Financial
Cohen Financial is a diversified, commercial real estate capital services firm offering debt and equity placement, investment brokerage, 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.