Revere Capital funded a loan totaling $4,100,000 secured by an office tower, a small undeveloped land parcel and an assignment of a multi-level parking garage lease in Pontiac, MI.

• Loan proceeds were used to acquire the office tower, an adjoining undeveloped land parcel, and also capitalize a reserve account for future CapEx
• Loan with time needed to negotiate new leases to stabilize occupancy
• Loan required a quick closing to satisfy the terms of an agreement between the  City of Pontiac and the seller who obtained a judgment against the City