Revere Capital has funded a $16,330,900 loan on a 333-unit multifamily portfolio in Northern California.
- Loan proceeds allowed the borrower to acquire two multifamily properties and grow the portfolio from 175 to 333 units.
- Revere’s ability to structure a loan secured by 16 properties consisting of three different asset types enabled the borrower to execute two multifamily acquisitions within a constrained timeframe.
- Borrower was able to refinance their multifamily portfolio as a bridge to permanent financing.