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CRONHEIM MORTGAGE ARRANGES $13.8M IN FINANCING FOR OFFICE PROPERTIES

PRINCETON TOWNSHIP, BRIDGEWATER AND CLIFTON, N.J. — Cronheim Mortgage has arranged $13.8 million in financing for six office properties in New Jersey. The firm secured a $3 million loan for two medical/professional buildings totaling 27,919 square feet in Princeton Township. The 15-year loan was financed by a New Jersey bank. In Bridgewater, the firm arranged $5.2 million for two sister office buildings totaling 79,688 square feet on Route 22. Cronheim secured the 20-year, self-liquidating mortgage with Southern Farm Bureau Life Insurance Company. The firm also secured a $5.6 million loan for a 64,511-square-foot medical office building in Clifton. The 10-year, non-recourse loan was funded by Members Capital Advisors. Janet Proscia and David Turley of Cronheim Mortgage arranged the financing for all three transactions.

Content Partners
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