REBusinessOnline

CRONHEIM MORTGAGE SECURES $9.6 MILLION LOAN

RIDGEFIELD, CT. — Andrew Stewart and Dev Morris of Chatham, N.J.-based Cronheim Mortgage have arranged a $9.6 million loan secured by three, 100 percent leased multifamily properties in Ridgefield which total 79 units. The properties, which are all located within a mile of each other, are Beechtree Manor Apartments, Governor House Apartments and Grove Street Apartments. The 10-year loan has a fixed interest rate of 4.7 percent and a 30-year amortization schedule.

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