Cohen Financial, a national real estate capital services firm, recently secured a total of $8.753 million to refinance two apartment properties in Chicago.
The firm secured financing for a 36-unit property at 1166 N. Milwaukee St. and a 24-unit property at 3001 N. Spaulding Ave. Both properties are fully occupied.
Michael Wieden, vice president of Cohen Financial’s Chicago office, secured two 10-year, fixed- rate loans. He originated the transactions with PNC Real Estate Finance, a Fannie Mae DUS lender.
The borrower is David Ruttenberg of Marc Realty Residential, a local commercial real estate distressed property investor.
