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/

$27.5MM Non-Recourse Bridge Financing for TN Shopping Center


Cronheim Mortgage secured a non-recourse bridge loan for Jackson Plaza, a 350,742-sf grocery-anchored power center in Cookeville, Tennessee. While the property is 98% leased, the Sponsor identified an opportunity to add value by buying Sears out of its ground lease and re-tenanting the space at the much higher market rent.

The client, Stonemar Properties, a NYC-based retail operator in partnership with an institutional equity partner, were facing a debt maturity and opted for the bridge structure to provide funds for re-tenanting of the Sears space. Cronheim was successful in obtaining a flexible structure that funds capital as required, thereby keeping down overall carry costs.

 

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