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/

Babylon Business Campus - Horsham Township, PA

Updated: Sep 12, 2018


Cronheim Mortgage secured $12 million in financing for a 562,000 square foot industrial park located in Horsham Township, Montgomery County, Pennsylvania. The loan was structured with a 10 year term and amortizes over a 20 year period for the borrower, Heffernan and Partners. The loan was placed with American United Life Insurance Company, whom Cronheim represents as correspondent and servicing agent.

The subject property is formally known as Babylon Business Campus. It was constructed between 1972 and 1987 upon 55-acres of land and consists of 15 adjacent, single-story flex industrial buildings, plus one, three-story office building. There are over 50 tenants with leases occupying anywhere from 600 square feet to well over 100,000 square feet. The park has experienced excellent occupancy history due to the strategic location less than 5 miles from the Pennsylvania Turnpike as well as the strength of the management team.

 

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