Revere Capital funded a $10,000,000 debtor in possession (“DIP”) loan to a privately held athletic shoe retailer. The loan is secured by five retail properties and a single-family residential asset.
- Loan proceeds were used for refinancing and working capital purposes
- Loan to facilitate an exit from Chapter 11 bankruptcy
- Revere has issued a commitment to fund an additional $5,000,000 upon the satisfaction of conditions by the Borrower