$7,000,000 First Mortgage
Cerco Funding is proud to announce the closing of a $7mm senior bridge loan secured by a 470-unit multifamily asset in Detroit, MI. The structured loan replaced existing senior financing and provided the Sponsor with a future funding component to be used in furtherance of making additional improvements to the property.
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] | ||
