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 North Plainfield, NJ Garden Apartment Community



Cronheim Mortgage secured $3.0MM of permanent financing for Mountain View Gardens, a 43-unit apartment development located in North Plainfield, Somerset County, New Jersey. The 7-year loan amortizes over a 30-year period and has a fixed rate which was locked 5 months prior to closing. The loan was structured with an attractive prepayment schedule, giving the borrower flexibility throughout the life of the loan.

Mountain View Gardens is comprised of 6, 2-story walkup buildings including 24, 750 square foot one-bedroom units and 19, 945 square foot, two-bedroom units. Both surface and garage parking is available to residents with capacity for 72 vehicles.

The subject property is well located along Route 22 in a desirable residential community. This strategic location affords residents a high level of mobility with convenient access to commuter rail service and an extensive highway network.

 

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