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 $6MM for Cherry Hill, NJ Retail Property



Cronheim Mortgage secured $6.0 million in financing for Village Walk, a 60,000 square foot retail property located along the Route 70 retail corridor in Cherry Hill, NJ. The loan was structured with a 5 year term and was placed with a local New Jersey bank.

The Subject is currently 100% leased to 14 tenants including a yoga studio, Italian restaurant, sneaker store, bridal boutique, fitness center, and hair salon, among others. The property is in an excellent location just east of the New Jersey Turnpike and I-295. The lender was able to provide aggressive proceeds and a competitive rate based on the strong sponsorship and property performance. Historical occupancy has been 92% or better for the last 10 years.

 

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