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Historic Curtis Center Obtains a $63M Mortgage

PHILADELPHIA-The 10-year, fixed-rate refinancing for the landmark at Independence Square--one of the city's most notable architectural gems--was arranged by New York-based Sonnenblick-Goldman Co.

By Marita Thomas | Updated on October 21, 2003

PHILADELPHIA-The owners of Curtis Center, the 12-story Georgian Revival, class A office building at 124 South 6th St., obtained a $63-million, 10-year, fixed-rate mortgage. The owner partnership includes locally based Kevin F. Donohoe Co. and an affiliate of Los Angeles-based Oaktree Capital Management LLC.

New York-based Sonnenblick-Goldman Co. arranged the refinancing, which was provided through a securitization program from an unidentified investment banking firm. The Sonnenblick-Goldman team included Steven A. Kohn, president; Andrew S. Oliver, managing director and principal; Mark J. Ehlinger, director; and Alexander E. Hernandez, associate.

Without disclosing the mortgage rate, Kohn says, “we are pleased that we were able to assist the owner of this prestigious property in securing flexible and favorable loan terms at historically low interest rates.”

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