ORLANDO, FL, Jan.6, 2012 -- Cohen Real Estate Capital LLC, a 5-yr old commercial real estate company located in downtown Orlando, acquired promissory notes from a local Central Florida bank with original face amounts of close to $2,800,000, together with first mortgages and related loan documents secured by a newly renovated 12-unit apartment building and a two commercial buildings having close to 4,000 SF of mixed-use space.
Simultaneous with closing, CREC entered into a forbearance agreement and a discounted settlement with the borrower, and the apartments were immediately sold to a local investor.
The properties are within walking distance of Lake Eola in the Thornton Park neighborhood.
CREC facilitated the purchase and sale of over $100 million in debt in 2011 covering 602 condo units, 562 apartment units and 165,000 SF of commercial space – all in Central Florida.
For more information, contact:
Todd F. Cohen
(407) 956 2544 - O
(407) 928-5530 - C
(407) 650-2503 - F
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