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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/

Cronheim Finances 104-Unit Garden Style Apartment Community in Vineland, NJ



Cronheim Mortgage has secured $4.1 million in permanent financing for Vineland Apartments, a 104-unit garden-style apartment community in Vineland, NJ. Andrew Stewart, Dev Morris, and Allison Villamagna secured the financing on behalf of Marshall Weinerman Real Estate, a New Jersey-based real estate company specializing in acquisitions, development and property management for hotels, shopping centers, and apartments in New York, New Jersey, and Pennsylvania. The loan was structured on a 10/25 basis and placed with one of Cronheim’s correspondent relationships.


The Subject encompasses 7 two-story buildings offering one-, and two-bedroom layouts ranging from 680 to 868 square feet. Amenities include on-site laundry facilities, central AC, in-unit washer/dryer combos, and a balcony or patio.


The property is well located within close proximity to Route 47 & Route 55 which provide access to Philadelphia, just 35 miles north. The Subject is also convenient to major area employers, shopping centers, area colleges, and Jersey Shore beaches including Atlantic City.


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