Multifamily Apartment Unit

Loan Highlights

  • Location: Ferguson, MO
  • Product Type: Multifamily
  • Loan Amount: $5,900,000



Revere Capital funded a $5,900,000 loan secured by a Ground Lease on a 414-unit multifamily property located in Ferguson, MO, a suburb of St. Louis. The loan is to a repeat Revere borrower with a track record of success. The loan proceeds were used by the Borrower to acquire the leased fee interest in the property. The property is currently 70% leased and will undergo interior renovations as units turn over, with immediate repairs and improvements to the parking lots and grounds.