Cohen Financial Arranges $11.6M in HUD Refinancings Two Properties In Michigan

Oliver Woods Oliver Woods

OWASSO and ALLEGAN, Mich. — Cohen Financial, a division of SunTrust Bank, has arranged two HUD refinancing loans totaling $11.6 million for two seniors housing communities in Michigan.

Cathy Bronkema secured the fixed-rate, 35-year term loans with 35-year amortization schedules, working alongside Joshua Hausfeld of Pillar Seniors Housing & Healthcare Finance, also a division of SunTrust.

The first loan was $6.5 million for Oliver Woods Retirement Village, an 80-unit property in Owosso, near Flint. The second was $5.1 million for Briarwood Assisted Living, a 39-unit property in Allegan, near Grand Rapids. 

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