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/

The Aberlour - Sussex County, NJ

Updated: Sep 12, 2018


Cronheim Mortgage arranged $6.6 million of financing for the acquisition of The Aberlour, a 45 unit luxury apartment building located in Sussex County, New Jersey. The mid-rise property was constructed as a for-sale condominium building but was converted to multifamily when the condo market crashed during the Recession. It has enjoyed 100% historical occupancy for several years as the best rental apartment building in the market. The sponsor was under tight time constraints to close due to a 1031 Exchange, and the lender moved amazingly fast to meet the client’s deadline. Cronheim has developed many long-standing and strong local lender relationships that it has come to rely upon to help clients achieve their objectives.

 

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