Loan Highlights

  • Location: Los Angeles, CA
  • Product Type: Parking Lot
  • Loan Amount: $2,250,000


Parking Lot

Revere Capital funded a loan totaling $2,250,000 secured by a 29 space, surface parking lot earmarked for a mixed-use development in the Hollywood area of Los Angeles, CA along with a subordinate lien on a developable single-family lot in the Hollywood hills.

  • Loan proceeds were used to refinance the existing senior and junior debt on the property
  • Loan required a quick closing to satisfy the repayment terms from the senior lender
  • Loan provided the sponsor the necessary time to obtain approvals for site plan and building permits