Loan Highlights

  • Location: Sand Springs, OK
  • Product Type: Industrial
  • Loan Amount: $3,960,000

Description

Industrial

Revere Capital funded a loan totaling $3,960,000 secured by a 121,030 square foot multi-tenant industrial building in Sand Springs, Oklahoma.

  • Loan proceeds enabled Sponsor to refinance existing debt and use proceeds to invest in an identified real estate project.
  • Revere structured the loan to allow initial funding based on in-place occupancy with an earn out upon signing new leases and bringing the occupancy rate to 100%.