February 11, 2016
Cohen Financial has secured $28.25-million in loans for San Diego-based LLJ Ventures, LLC. The funding was deployed into two assets that bolster an existing portfolio in the Midwest, says LLJ Ventures Tommy Nordgaard.
The first acquisition involved an $11-million, 10-year term loan for The Armitage Collection, a portfolio of five retail buildings in Lincoln Park, one of Chicago’s premier neighborhoods. The 100-percent leased portfolio consists of four contiguous buildings, and one single-story building.
The second acquisition involved a $17.25-million, 10-year term CMBS loan for Racine Dental, a 57,000-square-foot medical office building located in Racine, Wis.
Cohen Financial’s Dan Rosenberg secured the financing for both acquisitions.