70 East Walton Chicago

January 18, 2019 Comments Off on Cohen Financial Lines Up Refi on Gold Coast Apartments Views: 538 Chicago News, Downtown

Cohen Financial Lines Up Refi on Gold Coast Apartments

SunTrust division Cohen Financial has arranged a refinancing for 70 E. Walton, a boutique luxury rental property in the Gold Coast neighborhood. Michael Hart, managing director in Cohen Financial’s Chicago office, closed a $19-million loan with a local bank.

The building is approximately 50,000 square feet, featuring 25 rental apartments and approximately 15,000 square-feet of retail space on its first through third floors. Hart arranged a fixed-rate, seven-year term loan.

The sponsor on 70 E. Walton is a private investor. The loan closed this past Monday.

“The 70 E. Walton building is a highly-desirable property, providing an amenity-rich lifestyle in the city close to North Michigan Avenue and Oak Street destinations,” said Hart.

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