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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/

$5.2MM for Winston-Salem, NC Lifestyle Retail & Office Property




Cronheim Mortgage secured $5.2 million in financing for St. George Square, a 41,000 square foot mixed-use property located along Hanes Mall Boulevard in Winston-Salem, Forsyth County, NC. The loan was structured with a 10 year term, and amortizes over a 20 year period for the borrower, an entity managed by The Bedrin Organization. The financing was placed with Standard Insurance Company, whom Cronheim represents as correspondent and servicing agent.

The Subject is fully leased to a complementary mix of retail and office users including Salons by JC who occupies 9,400 square feet of space at the subject and leases 46 salon-suites to self-employed hair and beauty professionals. Salon-suites is a fast-growing concept that has performed well in other North Carolina locations. Other tenants include Berkshire Hathaway Home Services, Regus Office Centers, State Farm Insurance, Tropical Smoothie Cafe, Nothing Bundt Cakes and Painting with a Twist.

St. George Square is situated directly across Hanes Mall Boulevard from and shares a traffic light with a Walmart Supercenter. The Subject sits within a densely populated retail corridor featuring many well-known national and regional retail tenants including Hobby Lobby, Panera Bread, AMC Theatres, Costco Wholesale, Home Depot, Target, Kohl's, and Marshall's. Hanes Mall affords the property convenient access to Interstate 40, a major arterial that crosses the Winston-Salem metro east to west.