Stewart and Morris of Cronheim Mortgage arrange $31.5 million

Andrew Stewart and Dev Morris of David Cronheim Mortgage Corp. have secured financing of $31.5 million for Wal-Mart Plaza, a 268,040 s/f anchored retail center. The loan was placed for a 15-year term and has a 30-year amortization following a five-year interest-only period. The property is a 268,040 s/f community shopping center, co-anchored by a 122,695 s/f Wal-Mart, a 59,200 s/f Shop Rite, and a 32,000 s/f T.J. Maxx.

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Avatar Financial Group provides $3.7 million bridge loan on newly completed mixed-use project

Paterson, NJ Avatar Financial Group LLC (Avatar) provided a $3.7million cash-out bridge loan on a newly constructed mixed-use property at 59 Pearl St. The two-year, first-lien loan was originated at 64% loan-to-value. The borrower