Merrill, Wisc. — Cohen Financial, has secured a $6.27 million refinancing loan for Merrill Ridge Plaza, a mixed-use retail and office center located in Wisconsin. Merrill Ridge Plaza is a 122,919-square-foot property and is 97 percent leased.
Anchor tenants of Merrill Ridge Plaza are Piggly Wiggly, Dollar Tree and Church Mutual Insurance Company.
Don Trossman, managing director of Cohen Financial in the Chicago office, secured the fixed-rate loan on a 20-year amortization schedule with River Valley Bank, a regional bank headquartered in Wausau, Wisconsin. The loan is based on a 75 percent loan-to-value ratio and the rate is adjustable after the fourth loan year. The borrower is Focused Retail-Merrill Ridge LLC, represented by Martin Graff of M.H. Graff & Associates.