Revere Capital funded a $7,800,000 loan secured by a 29,685 sf, two-story Class B multi-tenant office building in Austin, TX. The loan was used by the sponsor to acquire the property. The sponsor is a repeat customer of Revere Capital. The loan will amortize down to $6,200,000 during the loan term which will facilitate a refinancing with conventional debt financing.

• Loan provided the sponsor with 75% loan to purchase price proceeds
• Sponsor is a repeat customer of Revere