Cronheim Mortgage Arranges $20.7M Loan for Apartment Community in Myrtle Beach

MYRTLE BEACH, S.C. — Cronheim Mortgage has arranged $20.7 million in permanent financing for The Brixley, a 149-unit apartment community in Myrtle Beach. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim Mortgage secured the five-year, interest-only loan on behalf of the borrower, Livingston, N.J.-based Eastman Residential. The direct lender was not disclosed. Situated off U.S. Route 501, The Brixley features 144 three-bedroom apartments, four one-bedroom units and one studio, as we