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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.


To view more of our hospitality representative transactions, please visit our hospitality branch, CRONHEIM HOTEL CAPITAL, at

$12M for 180-Unit Garden Style Apartment Community in Morristown, NJ

Cronheim Mortgage has secured $12 million in permanent financing for Lindsley Arms Apartments, a 180-unit garden-style apartment community in Morristown, New Jersey. Andrew Stewart, Dev Morris, and Allison Villamagna secured the financing on behalf of Deera Management Group, L.P. The financing was structured on a 15/30 basis and provided by CMFG Life Insurance Company, whom Cronheim represents as correspondent and servicer.

Built in 1962, the Subject encompasses 8 two- and three-story walk-up buildings improved with wooden frame with brick veneer construction and pitched roofs. Spread across 10.26 acres of land located at 301 Lindsley Drive, the Subject offers one-, two-, and three-bedroom layouts ranging from 607 to 838 square feet. Amenities offered at the Subject include pool, laundry facilities and grade-level indoor garages.

The immediate neighborhood surrounding the Subject is pristine in character. Corporate headquarters facilities, the Morris County Arboretum, and a private school are located to the north and east of the Subject. The neighborhood immediately to the west and south includes the Westin Morristown Hotel, single-family homes, the historic Ford Mansion, and the Morris County Historical Society. Downtown Morristown is located within a mile from the Subject. The region boasts strong demographics with an average household income of more than $188,000 within a five-mile radius.


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