$16,250,000 First Mortgage
The Borrower sought to refinance legacy CMBS debt that had matured at a point when the property suffered a casualty, destroying approximately half of its improvements. Cerco´s understanding of the market allowed it to see substantial upside in the property, paving the way for an efficient closing and an exit for its client out of special servicing.
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 |
|
| Phone | +1 (646) 435-7080 | |
| [email protected] | ||
