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Financing awards

Nov 1, 2000 12:00 PM, SHOPPING CENTER WORLD STAFF

San Francisco - Cohen Financial recently secured $24.9 million in financing for two California retail properties on behalf of undisclosed institutional borrowers.

The firm's San Francisco-based capital markets unit secured $9.5 million in acquisition financing for San Jose's Parkmoor Plaza shopping center. The 150,000-sq.-ft. community center is anchored by Fleming's Food and 24 Hour Fitness. Terms of the 10-year loan include a 28-year amortization schedule and 75% loan-to-value ratio.

Cohen Financial also secured $15.5 million in debt placement for a 112,760-sq.-ft. retail center in Davis. That center is anchored by Safeway and PetCo. Terms of the 10-year loan include a 30-year amortization schedule and 75% loan-to-value ratio.



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SADI Awards: Receive national acclaim for your retail store, shopping center or retail design with the 19th Annual Superior Achievement in Design & Imaging (SADI) Awards competition, presented by Retail Traffic magazine. One SADI will be awarded in each of 13 categories. The deadline to submit your entries is Friday, May 30, 2008.
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