Revere Capital funded two loans totaling $21,000,000 secured by two separate Class A self-storage facilities in Arizona.
- Loan proceeds were used to recapitalize the capital structure by refinancing the construction loans and return a portion of the invested capital in the project
- Loan will provide the borrower with time to season the recently completed facilities to prepare for an eventual sale or refinancing with permanent debt
- Sponsor is a repeat customer of Revere Capital