$6,000,000 First Mortgage

The Borrower sought cash-out financing for three industrial properties located in Brooklyn, NY to finance the acquisition of certain heavy machinery for its business. Cerco´s asset-backed underwriting funded the loan in less than 30 days.

$15,800,000 First Mortgage

The Borrower sought acquisition financing to fund the purchase of an occupied office building in Downtown Manhattan that was to be vacated and redeveloped into a 146-key hotel. Cerco, along with a co-lending partner, extended the sought after financing, closing in a timely fashion and allowing its client to effectuate its redevelopment strategy.

$2,800,000 First Mortgage

The Borrower, having difficulty obtaining conventional financing, sought to refinance one of his hotel properties. Cerco, along with a co-lending partner, was able to underwrite the deal based on a pure asset-backed model to bridge its client to an eventual sale of the property.

$9,700,000 First Mortgage

The Borrower sought acquisition financing for a 30.5 acre waterfront development site. Cerco provided both acquisition and soft cost financing.

$8,000,000 First Mortgage

Cerco Funding's understanding of the market allowed it to see substantial merit in the asset and provided timely bridge financing.