Loan Highlights

  • Location: Groton, CT
  • Product Type: Multifamily
  • Loan Amount: $6,900,000

Description

Multifamily

Revere funded a $6,900,000 loan secured by a 107-unit, multifamily property located in Groton, Connecticut. This is the 9th loan to this repeat borrower of Revere’s. The loan proceeds were used by Borrower to acquire the leased fee interest in the property. The property is currently 98% leased and will undergo interior renovations as units turn over.