Cronheim and CHC Close $280M in Last 30 Days

On Jan 9, 2015

Cronheim Mortgage and its hotel finance affiliate, Cronheim Hotel Capital have closed $280M in transactions in the past 30 days to end 2014. This caps 2014 for the company with financings closed in 13 states on retail, hotel, industrial, multifamily, office and medical office assets.

Founded in 1897, David Cronheim Mortgage Corporation and its affiliate companies located in Chatham, provide real estate services including debt and equity for investment grade real estate. Through the company’s Channel Real Estate Funds affiliate, it provides mezzanine and equity capital for numerous real estate projects. Cronheim Mortgage maintains correspondent and/or servicing relationships with 15 institutional investors, mostly insurance companies, and currently services $2.0 billion of debt. The company and its insurance company correspondents have debt and equity capital to invest in quality real estate at pricing below alternative sources, especially for long-term debt.

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