| Lending Area | United States |
| Property Types | All Asset Classes |
| Loan Amount | $1 – $20M |
| Loan Term | 6 Months – 2 Years (1-year extension) |
| Loan-to-Value | Up to 75% |
| Interest Rate | 8% – 12% |
| Amortization | Interest Only |
| Reserves | Tax & Insurance Reserves Required |
| Origination Fee | 2% – 3% |
| Processing Fee | $10,000 |
| Expense Deposit | $10,000 – $40,000 (for third party, legal & out-of-pocket expenses) |
| Prepayment | 6 Months Minimum Interest / No Prepayment Penalties |
| Recourse | Non-Recourse Possible |
| Borrower | Single Purpose Entity Required |
| Closing | 2 Weeks Possible |
Commercial Real Estate Financing
Terms
Our Platform
Cerco's platform, team expertise, and direct capitalization allows it to lend on flexible terms, providing its clients with custom made financing solutions to fit their wide ranging needs. Cerco has extensive experience in funding acquisitions across all asset classes, including land, refinancings, rehabilitations, cash-outs, time-sensitive closings, and host of other strategies.
Download PDF Submit a DealSocial Share
About
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.
Contact Us
| CERCO FUNDING LLC | ||
|---|---|---|
| Address | 230 Central Park South, PH17 NY 10019 New York, USA |
|
| Phone | +1 (646) 435-7080 | |
| [email protected] | ||