Revere Capital makes a $17,000,000 preferred equity investment in a 737-unit multifamily property in Houston, TX

• Investment proceeds were used to buy out the existing preferred equity partner.
• Revere was able to navigate the approval process with the existing CLO lender and provide a quick close.
• Revere provided the Sponsor the ability to season the rent roll with the goal of selling the property or attaining long term senior financing.