SAN FRANCISCO– Cohen Financial, a national real estate capital services firm, today announced that it has secured $8 million to refinance the Alto Serramonte Retail Center located in Daly City, California. The 100 percent leased unanchored multi-tenant commercial strip center is situated at a high traffic, highly visible location adjacent to the Serramonte Regional Shopping Center.
Kenneth M. Fox, CCIM, a Managing Director in Cohen Financial’s San Francisco office, originated the transaction and secured the long term, fixed rate loan. The lender is Lincoln Financial Group. The borrower is a Bay Area real estate investor and a long-term Cohen Financial client.
“We locked in a forward commitment interest rate back in January of this year for the June funding, which 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.