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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 Secures $50M for NJ Lifestyle Retail

Cronheim Mortgage has secured $50 million in permanent financing for Tice’s Corner, a 120,000-square-foot lifestyle shopping center located in affluent Woodcliff Lake, NJ. Dev Morris, Andrew Stewart, and Allison Villamagna structured the loan on a 10-year interest-only basis for the borrower, an affiliated entity of Westport-based David Adam Realty.

The subject consists of two freestanding buildings situated on approx. 13.40+/- acres of land. The subject opened for business in November 2001 and is currently 100% occupied by twenty-seven tenants, most of whom are well-known national retailers. The current roster includes Apple, Anthropologie, Free People, GAP, J. Crew, Panera Bread, Pottery Barn, Madewell, Nike, and Williams and Sonoma, among many others. The property has a long history of solid occupancy and tenant sales. Nike is the latest dominant brand to join the retailer lineup.

The subject enjoys excellent visibility, as it has nearly 1,000 linear feet of frontage directly on Chestnut Ridge Road. Chestnut Ridge Road is the main access to Upper Saddle River, one of the prestigious communities located in the subject area, and is the major commercial corridor in the area. The subject is also highly accessible as there are four access points (one on each side of the center) as well as multiple traffic light intersections.

Tice Boulevard is the main access road to the Woodcliff Lake Hilton (adjacent to the subject) and many office spaces (across from the Hilton) which are leased to major corporate tenants such as KPMG, BMW, Sony, and Mack-Cali. These intersections combined with the subject’s easy access off the Garden State Parkway (from both North and South directions) give the subject significant exposure to passing commuters and consumers.


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