Commercial Real Estate Financing

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New York City is set to add 38,000 new apartments by 2020. Given the limited property options in Manhattan, most of these apartments will be built in Queens and Brooklyn.

Although millions of young professionals and  business professionals continue moving into the city, market rates haven't necessarily increased across the board. There remains a sufficient oversupply and analysts have been trying to determine whether the demand will circumvent the supply.

“If anything, there is an undersupply of units.” - Bob Knakal, Chairman of New York Investment Sakles at Cushman & Wakefield.

Ten-X Projects, an online real estate service firm, projects that by 2017 there will be a 10% increase in market rate vacancies. Conversely, others believe these statistics only refer to a small sector of the housing market, and that there remains an undersupply.

Is there reason for concern within New York City's residential real estate market?

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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.

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CERCO FUNDING LLC
Address 230 Central Park South, PH17
NY 10019
New York, USA
Phone +1 (646) 435-7080
Email [email protected]