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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

75% LTC, 3-Year Fixed-Rate Construction Financing for Class A Multifamily in Edinburg, TX

Cronheim Mortgage has secured a 75% LTC, three-year fixed-rate construction loan for the development of a 200-unit, Class A, resort-style multifamily complex in Edinburg, TX, dubbed, “Las Villitas.” The $18,300,000 financing was closed with a regional bank and features a 36-month interest only period followed by a 12-year term. The Property is a part of a larger master-planned mixed-use development by the Sponsor, walking distance from what will be Class A retail amenities. The Subject is well-located in the fast-growing McAllen-Edinburg MSA, minutes from the University of Texas Rio Grande Valley and its expanding medical school.

The Sponsor, Verturo Interests, is a vertically integrated development and management company based in McAllen, TX. Verturo self-GC’s their developments, consistently delivering attractive bases to investors. The Sponsor is one of the Rio Grande Valley’s most prominent developers and has charted a path of growth throughout Texas.

David Poncia of Cronheim Mortgage noted: “It is as difficult as ever to procure construction financing right now. Given turmoil in the banking world and the repricing of deposits, a lot of banks are stepping away from new lending opportunities. We immediately knew who to target for this project, on both a regional and local level, and executed with a Southwest banking relationship Cronheim has cultivated for the last several years. The trust we’ve developed with our lending partners is paramount in times like this. Our Sponsor received the top-notch terms they deserve.”


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