PARSIPPANY, NJ-David Cronheim Mortgage Corp., based in Chatham, NJ, has secured financing of $7 million for Baldwin Manor Apartments here, acting as mortgage advisor and servicing correspondent. The loan has a 10-year term and 30-year amortization.

The borrower is Deera Management Group LP, a local organization that has owned and managed the Baldwin Manor Property since acquiring it in 1984. The source of the financing was not disclosed.

Baldwin Manor is a 240-unit, 188,430-sf, three-story garden apartment complex in this northern Morris County community. The complex totals seven building and 325 parking spaces on an 11-acre site.

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