COHEN FINANCIAL SECURES $19 MILLION OFFICE BUILDING LOAN

WALNUT CREEK, CALIF. — Cohen Financial has secured $19 million for the refinancing of a 105,000-square-foot office building in Walnut Creek. The loan includes $17 million at close and $2 million earn-out upon stabilization of the property, which is located at 500 Ygnacio Valley Rd. Paul Schroeder of Cohen Financial’s San Francisco office arranged the 5-year, 70 percent loan-to-value floating-rate loan for the undisclosed borrower. The lender is Lansing, Mich.-based Jackson National Life, PPM Finance’s U.S. subsidiary.