Finance

Middletown, N.Y. — Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot regional power center located in Middletown, about 55 miles northwest of New York City in the Hudson Valley region. Brandon Szwalbenest, Andrew Stewart, and Dev Morris of Cronheim Mortgage secured the financing through a life insurance company on behalf of the borrower, National Realty & Development Corp. The seven-year loan features a 30-year amortization schedule. Orange Plaza was 94 percent occupied at the time of sale to tenants including Walmart, Home Depot, Kohl’s, Burlington, Ross …

New York City — Local owner-operator GFP Real Estate has received an $83 million loan for the refinancing of 100 Crosby Street, an office and retail building in Manhattan’s SoHo neighborhood. The six-story, 175,000-square-foot building was originally constructed in 1884 and was fully leased at the time of the loan closing. Office users include Runway Growth Capital, Little Spoon, Shine Capital and Empire Entertainment, while American Eagle and Canadian fashion retailer Aritzia anchor the building’s retail component. TD Bank and BNY (formerly Bank of New York Mellon) provided the loan, …