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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

$27MM 15-Year Loan for 504,875sf Leased C&S Facility

Cronheim Mortgage secured $27,000,000 in long-term financing for a 504,875 square foot warehouse facility located in Newburgh, Orange County, New York. The loan was structured on a 15/27 basis and was placed with American General Life Insurance Company and The United States Life Insurance Company in the City of New York, whom Cronheim represents as correspondent and servicer. The borrower is an affiliate of Purchase, NY-based National Realty & Development Corp., a CRE industry leader.

The Subject is fully leased to C&S Corporation, a U.S. based wholesale grocery supply company who has been the sole tenant for over 20 years. C&S is the NY metro area market leader in wholesale grocery delivery, supplying over 850 area stores (over 14,000 in total) of various grocery brands. Founded in 1918 as an independent grocer supplier, they are now listed as #10 on Forbes America's Largest Private Companies List. The building features ceiling heights of 40 feet, one drive-in dock, and 89 tailgate loading docks. It is situated on a 50.51-acre site and contains parking for 250 automobiles and 360 trailers. The property was originally constructed in 1990 and served as the main warehouse for the now defunct Caldor Corporation.

The property is ideally located near the intersection of Interstate 84 and the New York Thruway (Interstate 87), and is situated 55 miles north of New York City, accessible via the New York Thruway. Less than 1/3 of a mile from the Subject is New York Stewart International Airport, which served nearly 450,000 commercial airline passengers in 2017, and Stewart Air National Guard Base.


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