Loan Highlights

  • Location: Benton Harbor, MI
  • Product Type: Retail
  • Loan Amount: $9,300,000

Description

Retail

Revere Capital funded a $9,300,000 loan in three weeks for the acquisition of the leased fee interest in a 260,000 square-foot retail property sitting on a 48-acre lot.

  1. This is the 7th loan made for this Revere Capital repeat borrower
  2. Security comes from a 99-year ground lease on the leasehold improvements
  3. Property is occupied by several national and regional tenants
  4. Transaction closed in three weeks