Loan Highlights

  • Location: Austin, TX
  • Product Type: Land
  • Loan Amount: $12,900,000



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.