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Posted: October 18, 2016
State of the State 2016: Martin Mucha of Cerco Funding LLC
Martin Mucha, Cerco Funding LLCWhat is driving the growth of your business in 2016?
Since 2010, the U.S. housing market recovery has been inconsistent. Per the latest UBS Report, San Francisco is on the verge of the next real estate bubble, whereas Boston and NYC hold fair value, and Chicago’s real estate is still recovering. Besides New York, Cerco has experienced an increased demand for bridge loans in Florida. Commercial real estate bridge lending has received a boost through 10-year commercial mortgage-backed securities issued between 2006-2008. BASEL III, more regulated capital markets, interest rate uncertainty, BREXIT and geopolitical upheaval are currently having positive impacts on private lenders. Although Cerco has only been in the market for two years, the company constantly aims to expand its network, create stronger relationships with mortgage brokers and other real estate professionals.
Investments into technology and stronger implementation of social media such as LinkedIn, has contributed towards its nationwide growth.
Martin Mucha is with Cerco Funding LLC
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