Long term fixed rate debt arranged through life companies, pension funds, savings banks, commercial banks and Wall Street investment houses on all types of income producing properties.
The Cohen Organization LLC has deep relationships with lenders in the NYC Metro Area and nationwide. We will negotiate the best deal for you specific scenario.
1-3 year Open-End Construction Loans at fixed or LIBOR-based pricing on all types of properties such as rental apartments, condominiums, shopping centers, office buildings, hotels and industrial properties. The Cohen Organization LLC is a recognized expert in underwriting and placing of ADC or Acquisition, Development and Construction loans throughout the local market and Nationwide. Loans vary and are generally stacked with Senior floating rate, Mezzanine and other structure financing depending on the equity investment of the sponsors.
INTERIM AND ACQUISITION FINANCE AKA "BRIDGE LOANS"
Short term usually 2-5 years for Bridge Financing and/or Acquisitions. Libor and fixed rate loans available. Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, the borrower's creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur. The timing issue may arise from project phases with different cash needs and risk profiles as much as ability to secure funding. A bridge loan is similar to and overlaps with a hard money loan. Both are non-standard loans obtained due to short-term or unusual circumstances. The difference is that hard money refers to the lending source, usually an individual, investment pool, or private company that is not a bank in the business of making high risk, high interest loans, whereas a bridge loan is a short term loan that "bridges the gap" between longer term loans.
Land loans are financed typically at 50 – 75% of their value depending on the location and the entitlement status and of course the sponsor. Usually these loans are from 1-3 years with or without recourse.
CREDIT LEASE FINANCING
Long term fixed rate debt on all types of credit related tenants, self liquidating loans with balloon payments and residual value insurance (RVI) if applicable.