The Phoenix office of Cohen Financial, a national real estate capital services firm, secured more than $36M in acquisition and refinance loans for properties in Arizona, Kansas and Texas.
Brandon Harrington, Cohen Financial director in the Phoenix office, originated the transactions with a variety of lenders, all within in the past 60 days.
In Arizona, Harrington secured more than $21.85M in separate financings for four multi-family properties, three in Phoenix and one in Tucson, as well as an industrial property in Gilbert.
The multi-family transactions include a $1.6M acquisition loan for a 103-unit apartment, a $3.49M acquisition loan for a 187-unit fractured condominium property and a $7.15M refinance loan for a 203-unit apartment property all in Phoenix, as well as a $6.141M acquisition loan for a 240-unit apartment property in Tucson.
Harrington also secured a $3.465 million SBA 504 acquisition loan from Zions Bank for the industrial property in Gilbert.
“Our clients were very pleased with the competitive options we provided for each property and the diligence by which we executed their closings,” Harrington said.