News: Brokerage

Turley of Cronheim arranges $11 million acquisition financing

David Turley of Cronheim Mortgage Corp. has arranged acquisition financing of $11 million for the Valley Forge Hampton Inn & Suites. The loan is 80% of the property's purchase price and carries a 10-year term with five years interest-only followed by a 30-year amortization schedule. The property is a five-story limited-service hotel consisting of 107 guest rooms and 1,250 s/f of meeting space. The hotel was built in 1999 and during 2005 and 2006 underwent significant renovations to the guest rooms and common areas. Since its opening, the hotel has consistently averaged high occupancy rates of approximately 70% thanks to the value of the active renovation policy and superior operations. The property is located on Cresson Blvd. Transient, leisure and group business is driven by the proximity to the Valley Forge Convention Center, Valley Forge National Historic Park and King of Prussia Mall.
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Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.