Loan Highlights

  • Location: Houston, TX
  • Product Type: Multifamily
  • Loan Amount: $17,000,000



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.