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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/

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Chelsea Office - New York, NY

Updated: Sep 12, 2018


Cronheim Mortgage secured $9,400,000 in financing for two, 12-story office buildings with first floor retail in the Chelsea neighborhood of Manhattan. The two properties, located at 147 West 25th Street (45,500 sf) and 130 West 29th Street (48,000 sf), were constructed shortly before World War I and have the desirable structural attributes of that period including generous ceiling heights of 14 feet on the ground and second floors, and 12 feet on the upper levels. The buildings are currently undergoing renovations and being repositioned to accommodate higher grade users as this area has changed dramatically over the last 20 years.

The subject properties have experienced strong historical occupancy from a variety of office users which include a general contractor, litigation consultants, event management firms, a recording studio, antique restoration service provider, and graphic designer, among many others. They enjoy an excellent location just 4 blocks from one another in between 6th and 7th Avenues.

Both properties are managed by Meyer Equities, a newly formed and privately owned real estate investment firm founded by principals with over 50 years of commercial real estate experience.

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