- Secured by two office buildings in the Las Colinas submarket of Dallas.
- One of the buildings is a multi-tenant office, currently 23% occupied. The other building is a single-tenant office that is 100% occupied.
- Revere’s loan was used by the sponsor to refinance the current mortgage.
- Exit is expected via a bank loan refinance upon lease-up of the multi-tenant office.
- Loan was executed by Revere in just over two weeks.