CAMPBELL, CA-Cohen Financial, a national real estate capital services firm, has secured $25 million to refinance the Kirkwood Village Apartments located in the heart of Silicon Valley in Campbell. The fully-leased, well maintained property was constructed in the early 1960's and consists of 255 units housed in 64 three- to six-plex buildings.
Kenneth Fox, a managing director in Cohen Financial's San Francisco office, originated the transactions and secured the long term, fixed rate loan. Lincoln Financial Group funded the loan for the owner, a Santa Clara County-based real estate investor/ owner/developer and long-term Cohen Financial client.
“We locked in a forward commitment interest rate back in January of this year for the mid-year funding that afforded the borrower an extremely low interest rate,” said Fox.
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