Multifamily Portfolio Acquisition and Rehab, Detroit, MI
$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.
University Park Apartments Refinance, Westville, IN
$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.
1031 Multifamily Acquisition, West Hartford, CT
$2,500,000 First Mortgage
The Borrower sought timely financing to effectuate the acquisition of a multifamily property pursuant to a 1031 exchange. Cerco was able to accommodate an extremely tight timeline, closing the deal in 5 business days.
400,000 SF Chase Tower Redevelopment, South Bend, IN
$20,000,000 First Mortgage
The Borrower sought financing to complete the repositioning of a 25-story, 380k SF building from office use to a 177-key Aloft hotel and 88 multifamily tower sitting atop a base containing 227 parking spots. Cerco structured a multi-tranche loan in furtherance of Borrower´s objectives.
Keystone Apartments Refinance, Indianapolis, IN
$8,000,000 First Mortgage
The Borrower sought to refinance maturing CMBS debt despite substantial litigation risk created by a failed sale of the property. Cerco leveraged its ability to understand the intricacies of the its contemplated exposure and expediently closed the transaction.