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NATIONAL FOOTPRINT

Backed by a century’s worth of knowledge and expertise, Cronheim Mortgage provides a vast array of real estate services, including debt and equity for investment grade real estate. By leveraging the strong correspondent and/or servicing relationships we have cultivated with our institutional investors, including many insurance companies, we have continuously had access to substantial debt and equity capital to invest in quality real estate at pricing well below alternative sources, especially for long-term debt. We stand out from our competitors with our strong debt servicing portfolio, currently in excess of $2,000,000,000.  Moreover, through our Channel Real Estate Funds affiliate, we have efficiently and cost-effectively provided mezzanine and equity capital for numerous real estate assets. We have placed debt/equity and serviced in 30 states, and continue to capitalize on new opportunities.

REPRESENTATIVE TRANSACTIONS

To view more of our hospitality representative transactions, please visit our hospitality branch, CRONHEIM HOTEL CAPITAL, at http://www.chccapital.com/

$10.875MM for Somerset County, NJ Retail & Office Properties



Cronheim Mortgage arranged financing totaling $10.875MM for two, mixed-use properties located in Basking Ridge and Warren, Somerset County, NJ. The loans were placed with The State Life Insurance Company and Southern Farm Bureau Life Insurance Company, whom Cronheim represents as correspondent and servicing agent.

Riverwalk Village, located in Basking Ridge, received $8.5MM in financing. The 18-year loan is self-liquidating and has an interest rate of 3.81% which the borrower was able to lock 11 months prior to funding. The Subject encompasses 47,604 square feet and is leased to a variety of retail tenants including Starbucks, Supercuts, and Gymboree, among many others. There is also second floor office space leased to the YMCA, a chiropractor, and orthodontist.

Gateway East in Warren, NJ was refinanced for $2.375MM on a 15/25 basis. The interest rate is fixed for the term of the loan at 3.76%. This property is comprised of two, freestanding, two-story buildings with first floor retail and professional office space on the second floors. Tenants include Subway, Great Clips, a Pilates studio, law offices, and a dentist. The property is located at a signalized intersection and has surface parking for 89 vehicles.