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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/

$10MM Convertible Bridge Facility for Linden Industrial Complex


Cronheim Mortgage has secured a $10 million convertible bridge facility for two adjacent industrial properties totaling 267,000 square feet. The seven-year loan offers a two-year variable rate interest only period followed by a five-year fixed rate term loan.

After suffering a couple vacancies and with a short term remaining on the anchor tenant lease, the sponsor needed to recapitalize to secure funds to re-lease/reposition the property. He was also seeking the ability to earn out funds at stabilization to monetize some of the value creation. Cronheim was successful in structuring a debt facility that offers both an IO bridge period with fundings for tenant improvements, leasing commissions and capex followed by a sizable earn-out during an amortizing period.