Cronheim/CHC closes 10 in three weeks for $123 millions

Cronheim Mortgage and Cronheim Hotel Capital announced 10 closings in three weeks totaling $123 million. The loans were secured for a variety of property types: hotel, retail, industrial and self storage. The financings were placed with banks, bridge funds and CMBS lenders with terms ranging from 2 years to 10 years. The properties are located in seven states: New Jersey, Ohio, Georgia, Texas, Montana, Missouri and Maryland. Andrew Stewart noted: “We’ve had a great first half of the year but a 10-deal run in three weeks is noteworthy. We work hard to advocate for our clients and deliver great results. Our client base is expanding as a result, and we’re proud of that.”

 

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