Cohen Financial, a division of SunTrust Bank and a national real estate capital services firm, announced today that Thomas Wiedeman, director in the Atlanta office, has secured a $4.6 million loan with Ohio National for the acquisition of Holcomb Station in Roswell, Georgia. Mr. Wiedeman secured the fixed-rate loan for the five building, mixed-use retail center located across 10.5 acres in a highly trafficked commercial area in this northern suburb of Atlanta. Holcomb Station features a diverse collection of local retail tenants and is well leased.
The borrower is WePartner Management, an Atlanta-based commercial real estate investment and management firm. The loan closed on August 14.
“We were able to structure a life company loan to provide our client with a low fixed interest rate, and the flexibility to release a four acre parcel of land for future development,” said Wiedeman. “The property is well located in a densely populated, well established commercial corridor.”
About Cohen Financial
As part of its acquisition by SunTrust Bank, a subsidiary of SunTrust Banks, Inc. (NYSE: STI), Cohen Financial has joined the SunTrust Commercial Real Estate (CRE) line of business, which is part of SunTrust’s Wholesale Banking Segment. Cohen Financial provides access to capital markets debt placements and consulting services for financial institutions, commercial real estate developers and investors. Also well recognized as one of the nation's leading loan servicers and special servicers, Cohen Financial provides third-party rated, primary and special loan servicing, loan administration and advisory services. Cohen Financial serves clients throughout the U.S. from offices in six major markets.
About SunTrust Banks, Inc.
SunTrust Banks, Inc. (NYSE: STI) is a purpose-driven company dedicated to Lighting the Way to Financial Well-Being for the people, businesses, and communities it serves. SunTrust leads onUp, a national movement inspiring Americans to build financial confidence. Headquartered in Atlanta, the Company has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. Certain business lines serve consumer, commercial, corporate, and institutional clients nationally. As of June 30, 2018, SunTrust had total assets of $208 billion and total deposits of $161 billion. The Company provides deposit, credit, trust, investment, mortgage, asset management, securities brokerage, and capital market services. Learn more at suntrust.com.
