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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/

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Cronheim Secures $55.95M Permanent Financing for Los Angeles Multifamily Portfolio



Cronheim Mortgage has arranged $55.95M of permanent financing for three Class-A apartment buildings in Los Angeles, California. Andrew Stewart and Allison Villamagna secured financing on behalf of 4SITE Real Estate, a real estate development firm specializing in residential and mixed-use infill properties throughout California.

 

For Barranca Los Angeles, located in the Lincoln Heights district northeast of Downtown Los Angeles, Cronheim secured $36.97M on a 5-year interest-only basis. The property is a 200-unit Class-A residential building featuring an attractive suite of amenities including a pool, spa, gym, yoga studio, work-from-home spaces, outdoor garden terrace, and a gourmet BBQ area. Residents of the Subject are typically young professionals looking to take advantage of the property’s proximity to Downtown Los Angeles and access to local transit options, namely the subway and Metro. The Barranca Apartments are unique in that there are a variety of floor plans including micro-studio units that average 313 square feet, as well as spacious two-bedroom layouts. The property also features a ground-floor Food Hall leased to Origin Story artisan coffee café, TG Thai, Soto’s Cuban Kitchen, and Bistro DK.

 

In the Westlake South neighborhood, Cronheim secured $10.88M on a 5-year interest-only basis for 4Mica Apartments. The Subject is a 60-unit residential building featuring a full suite of amenities and a 38-space parking garage. Of the 60 units, 43 are studios, averaging 443 square feet, and 17 are one-bedrooms, averaging 653 square feet. The property’s location is ideal with easy access to downtown, the 110, and local transit options including the subway and Metro.

 

For Arroyo Los Angeles, conveniently located in Monterrey Hills, just southwest of South Pasadena, Cronheim secured $8.10M on a 10-year interest-only basis. Arroyo is a 56-unit residential building including 13 “quad” units and 4 ground-floor retail units. In addition to a full suite of amenities, bike parking, and EV car charging stations, residents benefit from the building’s exceptional proximity to Arroyo Seco Park. Located just steps from the property, the 74-acre public park features horseback riding, golfing, batting cages, tennis courts, a dog park, and clubhouse areas.

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