Cohen Financial negotiated the financing package for the holding, located at the intersection of Calle Perfecto and Via de Anza. Heller Financial. Terms provided the financing for the three-year, non-recourse loan with carve-outs that include an 85% LTV ratio and pricing based on the London Interbank Offering Bank.
The overall industrial vacancy rate in San Juan Capistrano stood at 4.3% at the end of the third quarter, according to a recently published report by Cushman & Wakefield Inc. The area has experienced a positive net absorption of 108,660 sf during the first three quarters of 2001, the report says.
Chicago-based Cohen Financial is the nation's third largest originator of commercial real estate loans. The company has offices in nine major US markets and a market capitalization valued in excess of $100 million.
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