Sources of Financing
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Sources of Financing


Cohen Financial (713-626-7490) secured $3.65 million in financing for two retail properties in TX. The first property, Town West Center, is an 18,824 sq.ft. unanchored retail center located at the intersection of Westheimer Street and Kirby Street in Houston, TX. The major tenant is Avalon Diner. Cohen Financial secured $1.25 million in debt placement for the borrower. Terms of the 10-year, fully amortized, nonrecourse loan with carveouts include a 50% LTV with pricing based on the 10-year U.S. Treasury Index. The second property is a 16,750 sq.ft. unanchored retail center located at 16550 Southwest Freeway in Sugarland, TX. The major tenants are Mattress Giant and River Oaks Imaging. Cohen Financial secured $2.4 million in debt placement for the borrower. Terms of the 10-year nonrecourse loan with carveouts include a 30-year amortization schedule and 75% LTV with pricing based on the 10-year U.S. Treasury Index. In addition, Cohen Financial secured financing for two properties in FL. The company secured $1.22 million in debt placement for a 2,849 sq.ft. 7-Eleven located at the intersection of Little Road and Hudson in Hudson, FL. Terms of the 10-year full recourse loan include a 20-year amortization schedule, a 75% LTV and pricing based on the three-year U.S. Treasury Index. About $4.4 million in debt placement was secured for the 377,200 sq.ft. Chicksaw Trails Shopping Center in Orlando, FL. The center’s major tenants are Publix, Blockbuster, Radio Shack, Pak Mail and Subway. Terms of the five-year nonrecourse loan with carveouts include an eight-year amortization schedule, a 50% LTV and pricing based on the five-year U.S. Treasury Index. Financings also were secured by Cohen Financial for properties in GA and OH. About $3.04 million was secured for River Run, an 82,957 sq.ft. property located at 777 South 2nd Street in Coshocton, OH that is tenanted by Wal*Mart. Terms of the 10-year nonrecourse loan with carveouts include a 25-year amortization schedule, an 80% LTV and pricing based on the 10-year U.S. Treasury Index. The company secured $3.9 million for Cedartown Shopping Center, a 107,220 sq.ft. retail building located at 1500-1572 North Main Street in Cedartown, GA. Wal*Mart is the major tenant for the center. Terms of the 10-year nonrecourse loan with carveouts include a 25-year amortization schedule, a 78% LTV and pricing based on the 10-year U.S. Treasury Index.