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.

Loan Highlights

  • Location: Hudson Valley, New York
  • Product Type: Hospitality
  • Loan Amount: $16,000,000

Description

Hospitality

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.