Janet Proscia, a 30 year veteran of the Mortgage Banking Industry, has joined Chatham, NJ based, Cronheim Mortgage as Managing Director. Widely known as one of the finest CRE executives in the region, Proscia was the first employee at James R. Poole & Co. in 1979. She was instrumental in helping that company grow into one of New Jersey's premiere financiers of commercial real estate. She later became Partner and was the COO when that company was sold to NorthMarq Capital. By then the Poole & Co. had $1.1 billion in serviced loans for institutional investors, including TIAA, Lincoln National, Genworth, PPM and National Life of Vermont.

Proscia has completed over $2.2 billion in financing transactions since she arrived at Northmarq in 2004; she was quickly promoted to Senior Vice President. Prior to his passing in 2009, she worked closely with Marty Klebanoff, a long time force in the CRE finance industry. Proscia understands all aspects of running a commercial mortgage banking operation and will be instrumental in helping Cronheim manage and grow its platform which currently consists of $1.8 billion in serviced loans. According to Andrew Stewart, CEO of Cronheim, "I am sure that the synergies created by Janet's vast knowledge of investors and developers will create numerous opportunities for us to expand our platform. She is the type of person who fits in with our culture; I expect that she will be an integral part of our team for the rest of her career." Cronheim, founded in 1897, is among America's largest, oldest and strongest independent financiers of commercial real estate.

Mrs. Proscia was a member of the Board of Governors of the Mortgage Bankers Association of New Jersey, served as Chairperson and Vice Chair of the Income Property Investment Committee, Chair and Vice Chair of Environmental Issues Committee, Chair and Vice Chair of Public Relations Committee and is Co-Chair of the Community Action Committee of NAIOPNJ.