Cohen Financial (312-346-5680) secured $29.75 million in debt placement for the Sarasota Pavilion Shopping Center, a 325,587 sq.ft. center located at 6511 South Tamiami Trail in Sarasota, FL. The loan was for a term of five years, non-recourse with a 50% LTV and pricing based on the five-year U.S. Treasury Rate. The company also secured $19.25 million for four properties in CA. The first property, Rinconada Hills Shopping Center, is located at the intersection of Pollard Road and More Avenue in Los Gatos, CA. The company secured $2.4 million in debt placement. Terms of the 20-year, non-recourse loan include an amortization of 20 years, a 75% LTV and pricing based on the 10-year U.S. Treasury Rate. The second property, West Valley Shopping Center, is an 87,500 sq.ft. center located at 5239 Prospect Road in San Jose, CA. The company secured $10.5 million in debt placement. Terms of the two-year loan include an 85% LTV and pricing based on the one-month LIBOR. The third property, Tracy Plaza I and II, is a 23,573 sq.ft. center located at 2970-3000 West Grant Line Road and Interstate 205 in Tracy, CA. The company secured $4.3 million in debt placement. Terms of the 10-year, non-recourse loan include an amortization of 30 years, an 80% LTV and pricing based on the 10-year U.S. Treasury Rate. The fourth property is a 16,921 sq.ft. facility located at 38495 Fremont Boulevard in Fremont, CA. The company secured $2.05 million in debt placement. Terms of the five-year loan include an amortization of 30 years and a 65% LTV.

L.J. Melody (813-228-7010) arranged a permanent loan in the amount of $10.54 million for a land area of 11 acres in San Juan, Puerto Rico. The 25-year, self-liquidating loan is secured by a 30-year bond type ground lease from Costco. Construction for the store is expected to be underway by the end of the year.