Mark D. Bratton (R) CCIM

Cohen Financial

Cohen Financial is a national real estate capital services firm offering debt and equity placement, investment brokerage, loan administration and advisory services. The company is recognized as one of the nation's largest originators of commercial real estate financing.

We combine in-depth market expertise, passion for our work, and a willingness to break new ground to provide our clients with the ultimate customer experience.

To learn more about Cohen Financial and the approach we take in solving for your capital needs, please visit www.cohenfinancial.com or call Cathy Bronkema at 866.315.6200 Toll Free.

Cohen Financial Update Report

Financing Notes January 2010 - [ Click here ]

Cohen Financial Recent News

Cohen Financial Reveals Distressed Loan Strategies for Commercial Real Estate Investors and Lenders October 27, 2009

Expands Consultative Services in Anticipation of a $1.3 Trillion Dollars in Banking Institution Cre Loans Maturing by 2013

Chicago (October 27, 2009) – Cohen Financial, a leading national real estate capital services firm, announced the company’s view on helping commercial real estate investors and portfolio lenders resolve distressed loans. Based on increased client demand that began earlier this year, Cohen Financial is offering an array of consultative services and strategic workout solutions.

“With approximately $1.3 trillion dollars of commercial real estate (CRE) loans coming due in the next four years, primarily from banks and commercial mortgage-backed securities (CMBS), the core of our unique strategy is to bring borrowers and lenders together early to help solve the challenges of distressed situations,” said Joe Franzetti, Cohen Financial Managing Director in charge of the Debt Advisory Group. “Also, as banks look to acquire a deeper understanding of their loans, Cohen Financial will provide turnkey solutions that include determining a loan’s market value, evaluating risks and individual borrower plans, as well as creating a clear vision of how best to position their portfolio.”

Based on its long term relationships with banking institutions, Cohen Financial management anticipates that portfolio lenders will consider distressed loan strategies that require the borrower to share in the economics of the transaction. The most compelling are:

1. Debt modifications - lenders agree to reduced interest rates or slow down amortization rates to allow cash flow to be reinvested in the assets.

2. Discounted Payoffs (DPOs) – when modifying an existing loan is not the highest value solution, the borrower will refinance the property and utilize the proceeds to buy back the loan for a percent of the original price.

3. Senior and Subordinated A/B strategies –when the property needs time to be managed until markets recover, the loan will be bifurcated into senior and subordinate debt. Senior debt will be supported by the property’s existing cash flow and subordinate debt will be held until the recovery.

“In today’s market, borrowers and lenders need to have a realistic and objective view of value, risk and optimal resolution. Cohen Financial has the tools and expertise to help these market participants reach that resolution,” Mr. Franzetti concluded.

Cohen Financial Secures Financing For Spring Meadows Apartments in Northern California October 15, 2009

San Francisco (October 15, 2009) – Cohen Financial, a national real estate capital services firm, today announced that it has secured a $2 million fixed rate financing for Spring Meadow Apartments, a 110 unit apartment development located in Pleasant Hill, Contra Costa County, California.

Kenneth M. Fox, CCIM, a Managing Director in Cohen Financial’s San Francisco office, originated the transaction and secured the competitively priced, non-recourse fixed rate financing. The lender was Luther Burbank Savings, a regional bank. The borrower is a San Francisco Bay Area based real estate developer/investor. The transaction closed on September 29, 2009.

“We were able to secure a non-recourse loan with the flexibilities desired by our client for this low leverage fixed rate transaction.” said Mr. Fox.

Cohen Financial Secures $20 Million Refinancing For 401 N. Broad Street Office Builing in Philadelphia October 15, 2009

Chicago (October 15, 2009) – Cohen Financial, a national real estate capital services firm, today announced that it has secured $20 million in debt refinancing for a technology oriented office building in downtown Philadelphia. The property totals more than a million square-feet and is located at 401 North Broad Street.

Dan Rosenberg, a Vice President of Cohen Financial’s in the Chicago office, represented The Stillman Group, a national real estate developer and investor based in Scarsdale, New York. He secured a fixed rate loan with a 25-year amortization schedule priced on the five-year U.S. Treasury. The lender was a regional bank. The transaction closed on September 9, 2009.

“This was a large transaction in today’s commercial real estate market even with a conservatively underwritten loan and long-term ownership,” said Mr. Rosenberg.