Cohen Financial Secures $39.8 Mil In Loans

DENVER-The local office of Cohen Financial has secured $39.82 million for two office buildings, says vice president Cleve Brown. In the largest deal, Cohen secured $27 million for the developer of the 206,000-sf Fiddler’s Green building at 6399 S. Fiddler’s Green Circle in Greenwood Village.

Terms of the 10-year nonrecourse loan include a 30-year amortization schedule and 80% loan to value and pricing based on the 10-year U.S. Treasury Index. The lender provides conduit financing.

In the other deal, Cohen arranged $12.82 million in debt placement for the 97,565-sf Creekside Office Building II in the Inverness Business Park. Creekside is a single-story, speculative office buidlng.

The 30-month, full recourse loan has a 80% loan-to-value ratio and pricing based on the prime index.

Chicago-based Cohen Financial has offices in nine major US markets and more than 135 real estate and finance experts. Its market capitalization is more than $100 million.