Cerco Funding

230 Central Park South, PH17 New York NY 10019 USA

cerco.nyc

People:

Company Activity past 24 months:

Lender company: 5 for $102.3 million

Top Ten Associated Companies:

ABS Partners Real Estate (1), Beitel Group (1), Slate Property Group (1), MacArthur Holdings (1), Avi Hiaeve (1), Sumaida + Khurana (1), Shorewood Real Estate Group (1), Spencer An (1)

Top Ten Associated People:

Gregg Schenker (1), Ben Beitel (1), Martin Nussbaum (1), Philip Katz (1), Avi Hiaeve (1), Saif Sumaida (1), Amit Khurana (1), Spencer An (1)

Recent activity as company:

• Shorewood Real Estate Group and Spencer An borrowed $20 million from Cerco Funding for 350 Grand Concourse, Mott Haven, Bronx on December 26, 2024.

• Sumaida + Khurana borrowed $15.3 million from Cerco Funding for 17-23 Avenue Of The Americas, Tribeca, Manhattan on December 17, 2024.

• Avi Hiaeve borrowed $18.2 million from Cerco Funding for 5 East 59th Street, Lenox Hill, Manhattan on February 29, 2024.

• MacArthur Holdings borrowed $10 million from Cerco Funding for 415 West 13th Street, Meatpacking District, Manhattan on October 03, 2023.

• Slate Property Group borrowed $38.8 million from Cerco Funding for 118 West 13th Street, Greenwich Village, Manhattan on April 26, 2023.

• Beitel Group borrowed $27.5 million from Cerco Funding for 270 Walton Avenue, 315 Grand Concourse, and 261 Grand Concourse, Mott Haven, Bronx on December 06, 2022.

• ABS Partners Real Estate borrowed $23.5 million from Cerco Funding for 695 Lexington Avenue, Midtown East, Manhattan on March 15, 2022.

Latest Stories:

• Shorewood, Spencer An pay $28.5M for dev site in Mott Haven (December 31, 2024)

• Sumaida + Khurana affiliate pays $18.1M for mixed-use in Tribeca (December 18, 2024)

• Beitel Group signs $29M refi with Slate in Mott Haven (September 17, 2024)

• Watch dealer Avi Hiaeve pays $26.7M for former Playboy Club building in foreclosure (February 29, 2024)

• AEW, ABS offer to turn over $42.77M Midtown East ground lease to lender Cerco (December 26, 2023)

• MacArthur Holdings pays $11.9M for foreclosed retail in Meatpacking District (October 04, 2023)

• Slate signs $38.8M rehab construction loan with Cerco Funding for property in Greenwich Village (April 27, 2023)

• Judge orders foreclosure sale of BentallGreenOak, Capstone building with $69M in debt (February 13, 2023)

• Beitel Group pays $23.3M to expand dev site in Mott Haven (December 07, 2022)

• Torchlight Investors pays $21.1M to DWS Group for retail in Meatpacking District, down from $34M in 2011 (May 17, 2022)

Court Records: