$20,000,000 First Mortgage
The Borrower sought financing to complete the repositioning of a 25-story, 380k SF building from office use to a 177-key Aloft hotel and 88 multifamily tower sitting atop a base containing 227 parking spots. Cerco structured a multi-tranche loan in furtherance of Borrower´s objectives.
Cerco Funding LLC is a New York-based real estate private equity firm. Cerco acts as a direct portfolio lender originating commercial bridge loans nationwide. Cerco has extended capital for acquisitions, refinancings, repositionings, and a host of special situations.
| CERCO FUNDING LLC | ||
|---|---|---|
| Address | 230 Central Park South, PH17 NY 10019 New York, USA |
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| Phone | +1 (646) 435-7080 | |
| [email protected] | ||
