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/

The Marketplace on Bridgeport - Shelton, CT

Updated: Sep 12, 2018


Cronheim Mortgage arranged $27 million in fixed-rate construction/permanent financing for the development of The Marketplace on Bridgeport Avenue in Shelton, CT. The subject property encompasses over 123,000 square feet of neighborhood retail space including a 56,000 square foot Big Y grocery store which opened to the public in November of 2016. As development continues to progress, Big-Y will be joined by a Big-Y gas station, Goodwill, Great Clips, a jeweler, liquor store, and an urgent care facility, among a variety of other users. It is expected that all remaining stores will open during 2017.

At closing, leases had already been signed for over 37,000 square feet of the inline space and the site has approvals for the development of three out-parcels encompassing up to 11,000 square feet. The lender was willing to close even though over 20% of the space was not yet leased.

 

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