REBusinessOnline

COHEN FINANCIAL ARRANGES $12.65 MILLION MULTIFAMILY LOAN

ORLANDO, FLA. — Passco Cos. has secured a $12.65 million loan to acquire the 212-unit Promenade Crossing apartment complex. The Class A property, which is more than 95 percent occupied, is located at 4000 Maguire Blvd. in Orlando. The 10-year loan carries a fixed interest rate and was financed by Wachovia Multifamily Capital, a Freddie Mac servicer. Kevin Greenberg and Mark Strauss of Cohen Financial’s Newport Beach, Calif., office arranged the loan.

Content Partners
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‣ Bohler
‣ Lee & Associates
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‣ Northmarq
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‣ Walker & Dunlop

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