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 $11.5MM for a 94,472 sf Mixed-Use Property in Norwalk, CT



Cronheim Mortgage arranged financing totaling $11.5 million for SoNo Square in Norwalk, CT. The 10-year loan was structured with 3 years of interest only payments and amortizes over a 30-year schedule thereafter for the borrower, SoNo Square Associates, LLC, an affiliate of Westport-based David Adam Realty who is among the most experienced owners and operators of high-street retail and mixed-use developments in the region.

The Subject is a 94,472 square foot retail, office, and industrial property situated just off the water in the heart of South Norwalk. It is leased to a diverse roster of tenants including Lilian August Design warehouse and outlet, Barteca Restaurants LLC, owner of the Barcelona Wine Bar and Bartaco chains, and American boating supplier, West Marine, to name a few.

South Norwalk or SoNo is located along the Norwalk Harbor which has evolved into an impressive collection of unique restored historic buildings and well-designed new buildings that house offices, restaurants, condominiums, rental apartments, show-rooms, movie theaters, and art galleries. Norwalk continues to benefit from a surge of new development including The SoNo Collection, a 700,000+ sf luxury mall scheduled for completion in 2019, the SoNo Residence Inn by Marriott opening in February, and various mixed-used and upscale residential developments.

 

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