Cohen Financial: Cohen Financial Arranges $10.6M HUD Loan for Refinancing of Multifamily Property in Michigan

PORTAGE, MICH. - Cohen Financial, a division of SunTrust Bank, has arranged a $10.6 million HUD 223(f) loan for the refinancing of Timberwood Crossing in Portage, just south of Kalamazoo. The multifamily property includes 254 units. The fixed-rate loan, which features a 35-year term, will refinance the original short-term loan Cohen secured for the acquisition [...]