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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 Finances Downtown Westport Retail Property

Cronheim Mortgage has secured $8,000,000 for the refinancing of a 27,000 square foot retail building located at 125 Main Street in Westport, Connecticut. Andrew Stewart and Dev Morris secured the financing from a local bank on behalf of a private family partnership. The loan featured an attractive set of terms including a 10-year term, three 5-year extension options, and considerable prepayment flexibility.


The Subject is prominently situated and highly visible at the intersection of Main Street and Elm Street in the heart of Westport’s prime shopping district. This bustling “main and main” location is lined with national and high-end retailers such as Anthropologie, Urban Outfitters, Brooks Brothers, Design Within Reach, Patagonia, Serena & Lily, Vince, and Tiffany & Co., among many others. The subject property features The Gap, Express Edit, and Amenity Nail and Spa, three outfits that fit in seamlessly with the overall neighborhood.


Retail properties in Westport, CT have flourished for decades, largely due to the area’s exceptionally strong consumer; residents of Westport boast an average annual household income of $222,000. With large national corporations including Bridgewater Associates, Canaan Partners, and BNY Mellon firmly implanted within the Westport market, the area is poised to be a center of affluence for decades to come.


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