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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 Mortgage Secures 75% LTC, 5-Year Fixed-Rate Construction Financing for Class A Self-Storage

Cronheim Mortgage has secured a 75% LTC, five-year fixed-rate construction loan for the development of a 151,000+ NRSF, Class A self storage facility in El Paso, TX. The $12,950,000 financing was closed with a local bank and features a 30-month interest only period followed by a 20 year term. The Property will offer a mix of climate-controlled and non-climate-controlled units and is well-located in the growing market of east El Paso, proximate to new residential development.

The Sponsor, Verturo Interests, is a vertically integrated development and management company, and the founder of the “Just A Closet,” self storage brand. The Sponsor continues to grow the Just A Closet brand throughout south Texas, with Just A Closet El Paso slated to become their 12th self storage property under ownership and management.

David Poncia of Cronheim Mortgage noted: “Many lenders are underwriting and structuring deals, especially for development deals, more conservatively given the rising rate environment. As a result, we left no stone unturned to create a very unique financing solution, which offers both full leverage and a fixed rate for five years. This is a testament of our ability to source capital from the entire universe of lenders - both national and local.”


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