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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/

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Cronheim Mortgage Finances New Providence, NJ Industrial/Flex Building

Includes a B Note supplementing the original financing

Cronheim Mortgage secured $6.5MM for an industrial flex building located in New Providence, Union County, NJ. Cronheim originally financed the property in 2014 for $5MM for the borrower, RC-Central Ave. Associates, L.L.C. Part of this financing included a B Note which is coterminous with the original loan that was structured on a 10/15 basis and placed with one of Cronheim’s long-time insurance company correspondent relationships. The additional proceeds facilitated an expansion of Atlantic Health (Aa3 Moodys) within the property. The subject property is a one-story, brick veneer industrial flex building, containing 88,500 square feet. Approximately 70,000 square feet is used as office space while the balance is used as warehouse space. The building was constructed in sections throughout the 1950's and 1960's, and is leased to many of the same tenants who occupied the property 8 years ago including Atlantic Health Systems, Sensory Spectrum, and Creative Wallcoverings & Interiors, among others.


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