Cohen Real Estate Capital Arranges $73M Acquisition Loan for Puerto Rico Shopping Center

Todd F. Cohen of Cohen Real Estate Capital LLC in downtown Orlando secured a $ 73 million acquisition loan to finance a 550,000-square-foot, grocery-anchored shopping center portfolio in Puerto Rico.

Total debt came in at 90% of the purchase price at closing, including both a senior CMBS loan and a smaller mezzanine loan, both with long-term fixed rates in the mid-5% range. Cohen was able to close the loan transaction in approximately 60 days from…
South Florida Commercial Real Estate News From CoStar Group