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 Avenue at White Marsh - White Marsh, MD

Updated: Sep 12, 2018


Andrew Stewart and Dev Morris have arranged $52.705 million in financing for THE AVENUE at White Marsh. The loan was structured with a 7-year interest-only term and a fixed-rate of 3.35%.

The subject property is a 298,000 square foot, “main street” lifestyle center, located in the White Marsh community of Baltimore, MD. The Subject, constructed in 1997, is leased to a variety of local and national retailers including Ulta, Chico’s, Old Navy, Starbucks, A.C. Moore, Staples, Carter’s, Famous Footwear, and Pier 1 Imports, among others. The center also features a 16-screen, state-of-the-art AMC IMAX theatre which regularly ranks within the top theatres by sales volume nationwide. The subject property has excellent visibility from I-95 and is neighbored by IKEA and the 1.2 million square foot White Marsh Mall.

According to Andrew Stewart, “This property is yet another example of how Federal Realty is able to create the kind of retail environment that generates incremental value for tenants, shoppers, and shareholders alike.”

White Marsh, MD is a planned, 2,000-acre mixed-use community, situated in the northern portion of Baltimore County, just 18 miles north of downtown Baltimore. The surrounding community features over 2 million square feet of office and research space, 600 hotel rooms, and over 5,000 residential units. In the past decade, White Marsh has seen more than 3.8 million square feet of business development. Clusters of financial, insurance and health care operations, light manufacturing, technology and distribution, surround a vibrant town center.

Cronheim has also recently financed similar best-in-class lifestyle retail properties in New Jersey, Connecticut, New York, Colorado, and Florida.

 

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