Chicago Office Building

Loan Highlights

  • Location: Chicago, IL
  • Product Type: Office
  • Loan Amount: $12,500,000



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.