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David Cronheim Mortgage Corporation.


Robert Kremp, senior vice president of David Cronheim Mortgage Corporation, has arranged permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 of $1.45 million for Midway Plaza in East Lyme East Lyme (līm), town (1990 est. pop. 14,000), New London co., SE Conn., on Long Island Sound; settled c.1660, inc. 1839. The town has diversified light industry. Its many colonial buildings include the restored Thomas Lee House (c.1660). , CT. The financing was placed with Cronheim Mortgage acting as a direct funding source for the borrower, Coolidge Midway Mall This article is about Midway Mall, an indoor shopping center located in Elyria, Ohio. For Midway Mall, a shopping mall located in Natal, Rio Grande do Norte, Brazil, see Midway Mall (Brazil).  Equities LP.

Midway Plaza, a local strip center with 46,000 square feet, consists of retail/office space on the ground floor, with 10 residential units on the second floor. Among the tenants on the ground floor, Dewolfe Real Estate Agency is the largest with about 4,000 square feet. Among other notable tenants are a local bank, a Chinese restaurant See:
  • Chinese cuisine
  • American Chinese cuisine
  • Canadian Chinese cuisine
  • Chinese restaurant syndrome
  • Chinese restaurant process (a concept in probability theory)
  • Cantonese restaurant
  • The Chinese Restaurant, a second season episode of Seinfeld
 and a video store. The residential units are 100 percent occupied. The property is well managed and has seen many new tenants as the result of an aggressive physical improvement program over the past two years.

East Lyme, located in New London New London, city (1990 pop. 24,540), New London co., SE Conn., on the Thames River near its mouth on Long Island Sound; laid out 1646 by John Winthrop, inc. 1784.  County, CT, is a suburban shoreline community (mainly residential). Bridgeport, New Haven and Hartford are the closest cities with developed commercial districts. The subject property is in the commercial area of downtown East Lyme and is the largest center of its type in the town.

In addition to its 11 life insurance company correspondents, Cronheim Mortgage has correspondent relationships with three investment banks and a servicing portfolio of approximately $900 million.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 23, 2000
Words:218
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