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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.

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To view more of our hospitality representative transactions, please visit our hospitality branch, CRONHEIM HOTEL CAPITAL, at http://www.chccapital.com/

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Cronheim Finances Lexington, KY Grocery-Anchored Shopping Center

Updated: Oct 21, 2023



Cronheim Mortgage arranged permanent financing totaling $8,000,000 for Man O' War Place, a 174,638 square foot Kroger anchored power center in Lexington, KY. Dev Morris and Andrew Stewart secured the financing on behalf of an affiliate of Equity Management, a Lexington-based commercial real estate investment and asset management firm. The loan was structured on a 12/30 basis and placed with American United Life Insurance Company, whom Cronheim represents as correspondent and servicer.

The Subject is positioned southeast of Downtown Lexington and is one of six shopping centers in its 3-mile radius with exposure to over 130,000 vehicles per day. It was 95% leased at closing to over 20 tenants including Feeders Supply, Lexington Urgent Care, Hooters, Edible Arrangements, Bright Tiger Dental, The Little Gym, and Little Caesars, among many others. This Kroger is the highest sales volume store in the market and a top 5 store in the State of Kentucky. The region boasts strong demographics with over 200,000 residents with an average household income of more than $87,000 within a five-mile radius.

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