Revere Capital originated a $9,000,000 loan to refinance and fund tenant improvements for a 100,000 square-foot multi-tenant office building in Sacramento, CA.
- Loan proceeds enabled the borrower to refinance its senior loan and fund a portion of the borrower’s tenant improvement commitment to an incoming tenant
- Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
- Loan has a 24-month term with one, 12-month extension option