COHEN FINANCIAL SECURES $8.95 MILLION IN ACQUISITION FINANCING

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OAK LAWN, ILL. — Cohen Financial has secured approximately $8.95 million in financing for the acquisition of a 77,467-square-foot retail center located at 9633 S. Cicero Ave. in Oak Lawn. The Class A retail development is anchored by a Sports Authority, Staples and Men’s Warehouse. The loan, which has a 55 percent loan-to-value ratio, includes a fixed rate and interest-only payments for more than a 5-year term. The loan was arranged for the borrower Inland Mortgage Corp. Principal Global Investors is the lender. Joel Simmons in the Skokie, Ill., office of Cohen Financial originated and structured the transaction.

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