Dealmaker: Cohen Financial Originates $36M in Midwest and California

Cohen Financial, Chicago, originated $35.5 million for retail and medical office buildings in Illinois, Wisconsin and California. 

Dan Rosenberg, Managing Director in Cohen’s Chicago office, secured $28.25 million for San Diego based investment advisory firm LLJ Ventures LLC, to acquire several Midwest properties.

Rosenberg secured an $11 million 10-year term loan for The Armitage Collection, a five-building retail portfolio in Chicago’s Lincoln Park neighborhood. The portfolio includes four contiguous buildings on Armitage Avenue and one single-story building on Seminary Avenue, all fully leased to diverse tenants.

Rosenberg also secured a $17.25 million 10-year commercial mortgage-backed securities loan for Racine Dental, a 57,000 square-foot medical office in Racine, Wis. 

In San Jose, Calif., Cohen Financial secured $7.3 million for Moorpark Professional Building, a 25,500-square-foot two-story office building. Paul Schroeder, a Managing Director in Cohen’s San Francisco office, secured the fixed-rate non-recourse loan with Nikols Mortgage Fund LLC.

“Moorpark is a very well-located medical office building, which the new buyers plan to upgrade for new tenant improvements,” Schroeder said.