Regions Northeast | Boston
Nov 3, 2008
Cabot Properties Inc., the Boston-based private equity real estate firm, has managed to get its hands on $65 million in financing for a group of 14 newly acquired industrial properties. The assets account for approximately 2.4 million square feet of space in major metropolitan markets across the U.S. Cabot relied on Cohen Financial to orchestrate the financing, which came in the form of a fixed-rate 70 percent loan-to-value loan from a national life insurance company lender. According to Cohen Financial, a bevy of lenders were interested in providing financing, encouraged by the portfolio's diversification and the borrower's strong standing in the industrial market.
Cabot Properties Inc., the Boston-based private equity real estate firm, has managed to get its hands on $65 million in financing for a group of 14 newly acquired industrial properties. The assets account for approximately 2.4 million square feet of space in major metropolitan markets across the U.S. Cabot relied on Cohen Financial to orchestrate the financing, which came in the form of a fixed-rate 70 percent loan-to-value loan from a national life insurance company lender. According to Cohen Financial, a bevy of lenders were interested in providing financing, encouraged by the portfolio's diversification and the borrower's strong standing in the industrial market.
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