$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.
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] | ||
