$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.

$4,000,000 First Mortgage

The Borrower sought acquisition financing for a redevelopment site in Green Point, NY. Cerco Funding's understanding of the market allowed it to see substantial merit in the asset and provided timely bridge financing.

$1,875,000 First Mortgage

The Borrower sought acquisition and renovation financing for a 54 Multifamily Unit Asset in New haven, CT. Cerco provided timely bridge financing, enabling the Borrower to effectuate a timely closing and proceed with the renovation.

$3,850,000 First Mortgage

The Borrower sought acquisition and construction financing for a portfolio of 3 Detroit multifamily assets. Cerco structured a multi-tranched bridge loan, enabling the Borrower to effectuate a timely acquisition and immediately commence construction.

$2,900,000 First Mortgage

The borrower sought to refinance 64 units University Park Apartments in Westville, IN. Cerco's understanding of the market allowed it to see substantial merit in the asset and provided timely bridge financing.