Manhattan, NY Cronheim Mortgage arranged $2.75 million in permanent financing for the subject, a four-story, walk-up retail and apartment building located in Midtown East. The interest rate was locked six months prior to closing and the loan was structured on a 10/30 basis with a step-down prepay schedule. Cronheim is a correspondent and servicing agent for the lender, Southern Farm Bureau Life Insurance Co.

204 East 58^th St. has two large duplex residential units located on the third and fourth floors while the first and second floors are leased to Land of Plenty, a Sichuan restaurant, and Ann Sacks, a tile and stone designer and retailer, respectively.

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• retail
• financing
• apartment