$13,700,000 First Mortgage
$13.17m first mortgage on a 450,870-SF [41,887 m2] industrial building, situated on a 34.36-acre [139,049 m2] site, located at 2301 Neiman Marcus Parkway, Longview, TX
$14,000,000 First Mortgage
The Borrower sought a structured loan that refinanced the existing senior debt, provided substantial cash-out, and included “good news” funds to facilitate the asset’s conversion from a museum to office space.
$7,700,000 First Mortgage
The Borrower sought a time-sensitive cash out on a portfolio of buildings in order to free up liquidity in furtherance of another acquisition. Cerco closed the deal in 10 days.
$7,000,000 First Mortgage
Cerco Funding is proud to announce the closing of a $7mm senior bridge loan secured by a 470-unit multifamily asset in Detroit, MI. The structured loan replaced existing senior financing and provided the Sponsor with a future funding component to be used in furtherance of making additional improvements to the property.
$4,000,000 First Mortgage
The Borrower sought acquisition financing for a redevelopment site in Green Point, NY. Cerco Funding's understanding of the market allowed it to see substantial merit in the asset and provided timely bridge financing.