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Cohen Asset Management refinances several loans in 2009

Cohen Asset Management has secured several new loans which have addressed nearly all of its 2009 and 2010 debt maturities.

Throughout 2009, the private equity real estate investment firm accomplished this by retiring, refinancing or signing new lending commitments secured by several of its real estate assets.

"We are pleased to announce that we’ve addressed virtually all of our 2009 and 2010 debt maturities prior to the New Year. With substantial cash on hand each entity was able to use its capital to reduce its borrowings and considerably improve its capital structure over the near term. This achievement is indicative of our close lender relationships, the high quality of our industrial real estate assets, creditworthy tenants and the strong interest lenders have in our portfolio," says Bradley Cohen (pictured), president.

The properties that received refinancing proceeds were located within the firm’s target markets. Cohen-Arizona One, an affiliate of Cohen Asset Management, secured a first priority deed of trust from American United Life Insurance Company for an approximate 200,000 square foot industrial building located in the Pointe South Mountain Park area in Phoenix, Arizona.

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