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 Secures 10-Year Loan for Fort Lee Garden Apartments



Cronheim arranged $5.0 million in financing for Palisade Gardens, a 168-unit apartment complex located in Fort Lee, New Jersey. The loan was structured on a 10 year self-liquidating basis and was placed with American United Life Insurance Company, whom Cronheim represents as correspondent and servicing agent.

The Subject was constructed in the 1950's and is comprised of 9, 2-story brick walk-up buildings. Units range in size from 415 square feet to 740 square feet and are available in studio, 1-, and 2-bedroom layouts. The community features on-site laundry facilities, surface and covered garage parking.

Situated just minutes from downtown Fort Lee, residents are within walking distance of a variety of shopping, dining, and entertainment options. The property has an excellent location in Bergen County, just one-mile from the George Washington Bridge, providing access over the Hudson River and into Upper Manhattan.

 

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