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/

Oak Hill Plaza - Richmond, VA

Updated: Sep 12, 2018


Cronheim Mortgage arranged permanent financing of $10.1 million for Oak Hill Plaza, a 111,680 square foot grocery-anchored retail property located in Richmond, Virginia. The loan was structured with a 10 year term, 1 year of interest-only payments, and a 30 year amortization thereafter.

The Subject is situated in the East Highland Park neighborhood of Richmond, Virginia, less than 3 miles outside of the city. It is the dominant retail property within the trade area and features a 35,560 square foot Food Lion anchor as well as a 23,000 YouFit Health Club which opened in April of 2016. In addition to its anchors, the center boasts a diverse mix of tenants including Subway, H&R Block, Pizza Hut, CC’s Pet Spa, Shoe City, and Payless.

 

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