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Cohen Secures Nearly $6M for South Florida Properties

MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.

By Melissa Bogdany | Updated on September 19, 2003

MIAMI-Cohen Financial has secured $5.7 million in financing recently for three properties located in South Florida.

In one deal, Cohen secured $2.45 million in debt placement for Lake Worth Commerce Center, which consists of two single-story industrial office/warehouse buildings totaling 45,600 sf. The property is located at 1100 Barnett Dr. in Lake Worth. Terms of the 20-year, non-recourse loan include a full amortization schedule, a 75% loan-to-value ratio and pricing based on the 10-Year US Treasury Rate. The lender was a conduit company and Les Goldberg originated this transaction, which closed Aug. 26.

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