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| Todd F. Cohen |
ORLANDO, FL – Todd F. Cohen of Cohen Real Estate
Capital LLC, a seven-yr old commercial real estate company located in Orlando,
procured preferred equity and a joint-venture partner for the development of a
138-room nationally flagged select-service hotel in downtown Orlando.
A significant
portion of the financing is from a fund with investors qualifying under the
requirements of the USCIS’ EB-5 Investor Visa Program due to significant job
creation attributed to the project.
This was our third deal for the developer since 2004 and the
fourth deal with the majority equity partner since 2005. The JV partner investment was co-arranged
with Fred Fletcher and John Davis of Jones Lang LaSalle.
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| Fred Fletcher |
Cohen also arranged for $2,000,000 in equity for the
acquisition of a 144-unit apartment complex in St. Petersburg, Florida. Equity was provided from a South
Florida-based real estate investment company and debt financing was via Freddie
Mac.
This was our eighth
deal for the developer since 2005 and our fifth deal with the equity partner
since 2008.
An affiliate of Cohen Real Estate Capital also acquired a
6-unit historic apartment building in downtown Orlando for $620,000. The building was under threat of foreclosure
with the prior owners, and is undergoing a renovation. It is located one block from Lake Eola in
the South Eola / Thornton Park neighborhood.
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| John Davis |
Both the equity and
acquisition financing was local and totaled 93% of all costs. This is the company’s sixth acquisition in
the neighborhood since 2006. Another $30,000,00
in deals are expected to close in the next 30 days.
Cohen Real Estate Capital has facilitated the purchase and
sale of close to $300 million in commercial real estate since 2011 secured by
over nearly 600 for-sale condos, 1,000 rental apartments, 140 hotel rooms,
units and 715,000 SF of commercial space in Florida and Puerto Rico.
Contact:
:
Todd F. Cohen
407-928-5530
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