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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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Village Shopping Center - Davenport, IA

Updated: Sep 12, 2018


Cronheim Mortgage secured a cash-out refinance in the amount of $14,500,000 for Village Shopping Center in Davenport, Iowa. After acquiring the property in early 2014 – only 70% leased and in need of re-branding – the borrower completed a full cosmetic upgrade, stabilized near-term lease rollover and brought in new tenants including a new anchor, Ross Dress for Less. With the financing, the borrower was looking to monetize its value creation and stabilize the center with long-term financing.

Cronheim successfully achieved a cash out over the borrower’s total cost basis even though a major tenant had not yet opened for business and the center had not reached stabilized occupancy.

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