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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

Cronheim Arranges $56.30 MM Permanent Financing for 273-Unit Residential Apartment Community in Fogelsville, Pennsylvania

Part of $180,000,000 in recent financings on behalf of the Kushner Real Estate Group

Cronheim Mortgage secured $56.3 million in permanent financing for the Lehigh Hills Apartments, a 273-unit residential apartment community located at 100 Aviv Street in Fogelsville, Pennsylvania. Andrew Stewart, Dev Morris, and Allison Villamagna secured the financing on behalf of the Kushner Real Estate Group and the Silverman Group, privately owned and operated real estate development firms. Having previously arranged $117.5 MM of financing for the same ownership group for their successful Madison Farms development project featuring 570 residential units and 152,000 square feet of adjacent retail, the Cronheim Team was familiar with the project, sponsors, and submarket. For this project, Cronheim secured 20-year financing with a 30-year amortization schedule from AAF Insurance Strategy Funding Corp LLC.

The Lehigh Hills Apartments feature 273 Class-A units, 98 covered garage parking spaces, a clubhouse, and a full suite of amenities. The unit mix consists of 103 one-bedroom units and 170 two-bedroom units. The property’s units feature state-of-the-art finishes including granite countertops, stainless steel energy-efficient appliances, vinyl tile flooring, and in-unit laundry. The apartment community’s impressive amenity package is complete with a fitness center, lounge, kid’s playroom, outdoor pool, conference rooms, and grilling areas.

Residents of the Lehigh Hills Apartments benefit from the property’s close proximity to Upper Macungie Park, a 156-acre public park featuring athletic fields, grilling stations, picnic areas, and a frisbee golf course. Here, the property’s residents have convenient access to the great natural scenery that attracts thousands of individuals to Pennsylvania’s Lehigh Valley. This, combined with the property’s easy access to Downtown Allentown, which can be reached in just 20 minutes via Interstate 78, makes the Lehigh Hills Apartments a one-of-a-kind multifamily community in an increasingly popular location.

Cronheim Mortgage was pleased to work with the Kushner Real Estate Group and the Silverman Group to provide permanent financing for the Lehigh Hills Apartments. Cronheim continues to demonstrate the valuable ability to arrange financing for Class-A multifamily assets as they are progressing toward stabilization, saving its clients from potentially costly construction financing costs.

About Kushner Real Estate

Founded in 1979 and headquartered in Jersey City, NJ, KRE Group is a full-service real estate investment and management company with properties in New York, New Jersey, and Pennsylvania. The KRE multi-family portfolio exceeds 9,000 existing apartments, with an additional 7,000 in various stages of approval and construction. The company also owns and manages more 6,000,000 square feet of office, warehouse, and retail space. For more information, visit the company’s website at

About the Silverman Group

The Silverman Group is a privately owned and operated private equity and real estate development organization based in Basking Ridge, New Jersey. The firm owns and manages over 25,000,000 square feet of office, industrial, retail, and aviation properties as well 4,000 multi-family units throughout the United States. It has over 15,000,000 square feet of commercial space and 2,000 multi-family units currently under development in 9 states.


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