Revere Capital makes a $7,700,000 preferred equity investment in a 149-unit multifamily property in New Mexico

Loan Highlights

  • Location: New Mexico
  • Product Type: Multifamily
  • Loan Amount: $7,700,000

Description

Multifamily

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