New Mexico
Multifamily
$7,700,000
Loan Amount
Revere Capital made a $7,700,000 preferred equity investment in a 149-unit multifamily property in New Mexico.
- The proceeds were used to retire an existing letter of credit and provide the funds necessary to complete construction
- Revere was able to structure the investment around the existing senior HUD financing
Hudson Valley, New York
Hospitality
$16,000,000
Loan Amount
Revere Capital funded a $16,000,000 loan secured by the ground lease on two hospitality properties in the Hudson Valley area of New York. This is a loan to a repeat borrower. Security comes from a long-term, institutional ground lease on the leasehold improvements. These popular properties have excellent historical operating results.
Palm Springs, CA
Land
$4,500,000
Loan Amount
Revere Capital funded a $4,500,000 loan on a +/- 10.6 acre tract of land for the development of airport parking in Palm Springs, CA. The loan was used to refinance the property. The plan is to repay the loan via construction financing.
Dallas, TX
Office
$9,131,190
Loan Amount
Revere Capital funded a loan totaling $9,131,190 secured by a 203,522 square foot office building in Dallas, TX.
- Loan proceeds were used to acquire the property
- Loan provided the sponsor with ~55% LTV
- Revere provided a quick closing in 3 weeks
Austin, TX
Land
$12,900,000
Loan Amount
Revere funded a $12,900,000 loan on a +/-14.80 acre tract of land entitled for multifamily development in Austin, TX. The loan was used to retire the existing debt and provide a bridge to construction financing. The loan provided the sponsor with 50% LTV. Revere was ready to close in three weeks.
Ferguson, MO
Multifamily
$5,900,000
Loan Amount
Revere Capital funded a $5,900,000 loan secured by a Ground Lease on a 414-unit multifamily property located in Ferguson, MO, a suburb of St. Louis. The loan is to a repeat Revere borrower with a track record of success. The loan proceeds were used by the Borrower to acquire the leased fee interest in the property. The property is currently 70% leased and will undergo interior renovations as units turn over, with immediate repairs and improvements to the parking lots and grounds.
Groton, CT
Multifamily
$6,900,000
Loan Amount
Revere funded a $6,900,000 loan secured by a 107-unit, multifamily property located in Groton, Connecticut. This is the 9th loan to this repeat borrower of Revere’s. The loan proceeds were used by Borrower to acquire the leased fee interest in the property. The property is currently 98% leased and will undergo interior renovations as units turn over.