Revere Capital funded a loan totaling $12,500,000 secured by a multi-tenant suburban Chicago office building
- Loan proceeds were used to refinance the office property and provide a reserve for good news money for additional lease up and rollover of existing tenants.
- Loan required a quick closing to satisfy the maturity of the existing debt and Revere provided flexible prepayment options to Sponsor to provide flexibility with the sale of the property.
- Revere successfully navigated closing with a foreign ownership structure.