Cronheim Mortgage Arranges $11.5M Refinancing for Mixed-Use Property in Norwalk

by David Cohen

NORWALK, CONN. — Cronheim Mortgage has arranged an $11.5 million refinancing for SoNo Square, a 94,472-square-foot mixed-use property in Norwalk. Cronheim secured the financing on behalf of borrower SoNo Square Associates, an affiliate of Westport-based David Adam Realty. The lender was undisclosed. Terms of the financing include three years of interest-only payments and a 30-year amortization schedule. The tenant roster at SoNo Square includes Lilian August Design warehouse, West Marine and Barteca Restaurants LLC, the owner of the Barcelona Wine Bar and Bartaco chains.

You may also like