$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.

$1,875,000 First Mortgage

The Borrower sought acquisition and renovation financing for a 54 Multifamily Unit Asset in New haven, CT. Cerco provided timely bridge financing, enabling the Borrower to effectuate a timely closing and proceed with the renovation.

$3,850,000 First Mortgage

The Borrower sought acquisition and construction financing for a portfolio of 3 Detroit multifamily assets. Cerco structured a multi-tranched bridge loan, enabling the Borrower to effectuate a timely acquisition and immediately commence construction.