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/

Westgate Apartments - Lawrenceville, NJ

Updated: Sep 12, 2018


$3.75 million for 72 units in Lawrenceville, NJ


Lawrenceville, NJ – Dev Morris and Andrew Stewart of Cronheim Mortgage have arranged financing totaling $3.75 million for Westgate Apartments, located along Lawrenceville Road in Mercer County. The 7 year financing was structured with flexible prepayment for the borrower, Westgate Management, LLC. The loan will be serviced by Cronheim Mortgage.

Westgate Apartments, constructed in the mid-1960’s, consists of nine, two-story garden style apartment buildings encompassing 72 units. There are 36 one-bedroom units and 36 two-bedroom units, ranging in size from 775 square feet to 900 square feet. The subject is strategically positioned near Interstates 95 and 295 and U.S. Route 1, centrally located within the Greater Princeton area.

 

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