Real Estate Investment Examples
With seasoned loan originators throughout the country and a 15-year track record in the debt space, Revere has relationships with sponsors and key stakeholders nationwide. Revere’s disciplined underwriting utilizes fundamental analysis combined with economic research to create a diversified portfolio. Revere seeks to build a diversified portfolio of high-yielding loans.
Multifamily $7,000,000
Loan Amount
New Mexico
Revere Capital makes a $7,000,000 preferred equity investment in a 149-unit multifamily property in Los Alamos, NM.
· The proceeds were used to retire an existing letter of credit and provide the funds necessary to complete construction · Revere was able to structure the investment around the existing senior HUD financing
Hospitality $16,000,000
Loan Amount
Hudson Valley, New York
Revere Capital funded a $16,000,000 loan secured by the ground lease on two hospitality properties in the Hudson Valley area of New York. This is a loan to a repeat borrower. Security comes from a long-term, institutional ground lease on the leasehold improvements. These popular properties have excellent historical operating results.
Land
$4,500,000
Loan Amount
Palm Springs, CA
Revere Capital funded a $4,500,000 loan on a +/- 10.6 acre tract of land for the development of airport parking in Palm Springs, CA. The loan was used to refinance the property. The plan is to repay the loan via construction financing.
Office
$9,131,190
Loan Amount
Dallas, TX
Revere Capital funded a loan totaling $9,131,190 secured by a 203,522 square foot office building in Dallas, TX.
· Loan proceeds were used to acquire the property
· Loan provided the sponsor with ~55% LTV
· Revere provided a quick closing in 3 weeks
Land
$12,900,000
Loan Amount
Austin, TX
Revere funded a $12,900,000 loan on a +/-14.80 acre tract of land entitled for multifamily development in Austin, TX. The loan was used to retire the existing debt and provide a bridge to construction financing. The loan provided the sponsor with 50% LTV. Revere was ready to close in three weeks.
Multifamily
$5,900,000
Loan Amount
Ferguson, MO
Revere Capital funded a $5,900,000 loan secured by a Ground Lease on a 414-unit multifamily property located in Ferguson, MO, a suburb of St. Louis. The loan is to a repeat Revere borrower with a track record of success. The loan proceeds were used by the Borrower to acquire the leased fee interest in the property. The property is currently 70% leased and will undergo interior renovations as units turn over, with immediate repairs and improvements to the parking lots and grounds.
Multifamily
$6,900,000
Loan Amount
Groton, CT
Revere funded a $6,900,000 loan secured by a 107-unit, multifamily property located in Groton, Connecticut. This is the 9th loan to this repeat borrower of Revere's. The loan proceeds were used by Borrower to acquire the leased fee interest in the property. The property is currently 98% leased and will undergo interior renovations as units turn over.
Retail
$22,250,000
Loan Amount
Chicago, IL
Revere Capital funded a $22,250,000 loan for the acquisition of a 123,500 square-foot retail center located in Chicago, IL. The center has an excellent leasing history and is currently 93% leased to regional and national tenants. The center is a vital resource to the surrounding community.
1. Property consists of three multi-tenant buildings along with a single-tenant Walgreens and an adjacent pad under negotiation with Starbucks.
2. Property is occupied by several national and regional tenants.
3. Shadow anchored by a call center that provides heavy daily foot traffic, in addition to the dense local neighborhood.
1. Property consists of three multi-tenant buildings along with a single-tenant Walgreens and an adjacent pad under negotiation with Starbucks.
2. Property is occupied by several national and regional tenants.
3. Shadow anchored by a call center that provides heavy daily foot traffic, in addition to the dense local neighborhood.
Land
$9,900,000
Loan Amount
Justin, TX
Revere funded a $9,000,000 loan on a +/-538.99 acre tract of land entitled for residential lot development in Justin, TX. The loan was used to refinance the existing mortgage and to fund remaining redevelopment cost. The plan is to repay the loan upon sale to a lot developer that has the parcel under contract.
Retail
$9,300,000
Loan Amount
Benton Harbor, MI
Revere Capital funded a $9,300,000 loan in three weeks for the acquisition of the leased fee interest in a 260,000 square-foot retail property sitting on a 48-acre lot.
1. This is the 7th loan made for this Revere Capital repeat borrower
2. Security comes from a 99-year ground lease on the leasehold improvements
3. Property is occupied by several national and regional tenants
4. Transaction closed in three weeks
1. This is the 7th loan made for this Revere Capital repeat borrower
2. Security comes from a 99-year ground lease on the leasehold improvements
3. Property is occupied by several national and regional tenants
4. Transaction closed in three weeks
Multifamily
$28,250,000
Loan Amount
Los Angeles, CA
Revere funded a $28,250,000 first mortgage secured by a newly built, class A multifamily property in the final stage of completion located in Los Angeles, CA. The loan proceeds were used by the sponsor to refinance the existing debt on the property and to fund the remaining construction costs.
Office
$12,500,000
Loan Amount
Chicago, IL
Revere Capital funded a loan totaling $12,500,000 secured by a multi-tenant suburban Chicago office building.
1. 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.
2. 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.
3. Revere successfully navigated closing with a foreign ownership structure.
1. 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.
2. 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.
3. Revere successfully navigated closing with a foreign ownership structure.
Multifamily
$1,500,000
Loan Amount
Stratford, CT
Revere Capital funded a loan totaling $1,500,000 secured by a 66-unit, Class B, garden style multi-family property located in Stratford, CT.
• Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to obtain permanent HUD financing
• Executed an A/B note structure with a major bank to maximize proceeds for the borrower.
• Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to obtain permanent HUD financing
• Executed an A/B note structure with a major bank to maximize proceeds for the borrower.
Industrial
$9,800,000
Loan Amount
Tucson, AZ
Revere Capital funded a loan totaling $9,800,000 secured by a 100% leased Class A Industrial Property located in Tucson, AZ.
• Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to execute a lease extension and fund the associated costs.
• Revere's collateral consisted of the First Deed of Trust and a personal guaranty from the Sponsor which will void upon execution of the lease extension.
• Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to execute a lease extension and fund the associated costs.
• Revere's collateral consisted of the First Deed of Trust and a personal guaranty from the Sponsor which will void upon execution of the lease extension.
Land
$3,850,000
Loan Amount
Nashville, TN
Revere Capital funded a loan totaling $3,850,000 secured by a 15-acre tract of land in Nashville, TN zoned senior living .
• Loan proceeds were used to recapitalize the project and fund remaining predevelopment cost
• Loan provided the sponsor with 43% of appraised value
• Loan proceeds were used to recapitalize the project and fund remaining predevelopment cost
• Loan provided the sponsor with 43% of appraised value
Multifamily
$17,000,000
Loan Amount
Houston, TX
Revere Capital makes a $17,000,000 preferred equity investment in a 737-unit multifamily property in Houston, TX.
• Investment proceeds were used to buy out the existing preferred equity partner.
• Revere was able to navigate the approval process with the existing CLO lender and provide a quick close.
• Revere provided the Sponsor the ability to season the rent roll with the goal of selling the property or attaining long term senior financing.
• Investment proceeds were used to buy out the existing preferred equity partner.
• Revere was able to navigate the approval process with the existing CLO lender and provide a quick close.
• Revere provided the Sponsor the ability to season the rent roll with the goal of selling the property or attaining long term senior financing.
Office
$5,000,000
Loan Amount
Aspen, CO
Revere Capital funded a loan totaling $5,000,000 secured by a boutique office building located in the pedestrian core of downtown Aspen, CO.
• Loan proceeds were used to acquire the property
• Loan provided the sponsor with 75% loan to purchase price proceeds
• Quick closing satisfied the terms of the purchase agreement
• Loan proceeds were used to acquire the property
• Loan provided the sponsor with 75% loan to purchase price proceeds
• Quick closing satisfied the terms of the purchase agreement
Industrial
$3,960,000
Loan Amount
Sand Springs, OK
Revere Capital funded a loan totaling $3,960,000 secured by a 121,030 square foot multi-tenant industrial building in Sand Springs, Oklahoma.
• Loan proceeds enabled Sponsor to refinance existing debt and use proceeds to invest in an identified real estate project.
• Revere structured the loan to allow initial funding based on in-place occupancy with an earn out upon signing new leases and bringing the occupancy rate to 100%.
• Loan proceeds enabled Sponsor to refinance existing debt and use proceeds to invest in an identified real estate project.
• Revere structured the loan to allow initial funding based on in-place occupancy with an earn out upon signing new leases and bringing the occupancy rate to 100%.
Land
$4,450,000
Loan Amount
Garland, TX
Revere Capital funded a loan totaling $4,450,000 secured by a 34.5-acre tract of land zoned for senior living in Garland, TX.
• Loan proceeds were used to recapitalize an existing project
• Loan provided the Sponsor with 30% of appraised value
• Loan proceeds were used to recapitalize an existing project
• Loan provided the Sponsor with 30% of appraised value
Land
$9,350,000
Loan Amount
Alpharetta, GA
Revere Capital funded a loan totaling $9,350,000 secured by a 26.5 acre fully entitled medical office building site in Alpharetta, GA
• Loan proceeds were used to refinance two private lender notes remaining from the acquisition of the property
• The Borrowers plan to use the proceeds to finalize plans and obtain city approvals
• Loan proceeds were used to refinance two private lender notes remaining from the acquisition of the property
• The Borrowers plan to use the proceeds to finalize plans and obtain city approvals
Multifamily
$19,552,000
Loan Amount
Multiple Cities in OK
Revere Capital funded a loan totaling $19,552,000 secured by a five property, 548 total units, Class B, garden style, multi-family properties located in multiple cities in Oklahoma
• Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to transition the properties
• Revere was able to structure complex transaction and execute on a timeline satisfactory to multiple involved parties.
• Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to transition the properties
• Revere was able to structure complex transaction and execute on a timeline satisfactory to multiple involved parties.
Office
$2,810,000
Loan Amount
Las Vegas, NV
Revere Capital funded a loan totaling $2,810,000 secured by a three-building office campus
• Loan proceeds were used to acquire the office property and provide a reserve for good news money for the lease of a vacant building.
• Loan required a quick closing to satisfy the terms of the PSA and Revere provided flexible prepayment options to sponsor. This resulted in a loan structure that allowed Revere to expand with the project.
• Loan proceeds were used to acquire the office property and provide a reserve for good news money for the lease of a vacant building.
• Loan required a quick closing to satisfy the terms of the PSA and Revere provided flexible prepayment options to sponsor. This resulted in a loan structure that allowed Revere to expand with the project.
Parking Lot
$2,250,000
Loan Amount
Los Angeles, CA
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
• 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
Land
$3,900,000
Loan Amount
Cedar Springs, WA
Revere Capital provides a $3,900,000 bridge to construction loan
• Loan secured by a 1st lien on land entitled for a multifamily development
• Secondary collateral includes 2nd liens on a commercial land parcel and a single-tenant industrial building
• Loan term is six months
• Loan secured by a 1st lien on land entitled for a multifamily development
• Secondary collateral includes 2nd liens on a commercial land parcel and a single-tenant industrial building
• Loan term is six months
Office Building
$4,100,000
Loan Amount
Pontiac, MI
Revere Capital funded a loan totaling $4,100,000 secured by an office tower, a small undeveloped land parcel and an assignment of a multi-level parking garage lease in Pontiac, MI.
• Loan proceeds were used to acquire the office tower, an adjoining undeveloped land parcel, and also capitalize a reserve account for future CapEx
• Loan with time needed to negotiate new leases to stabilize occupancy
• Loan required a quick closing to satisfy the terms of an agreement between the City of Pontiac and the seller who obtained a judgment against the City
• Loan proceeds were used to acquire the office tower, an adjoining undeveloped land parcel, and also capitalize a reserve account for future CapEx
• Loan with time needed to negotiate new leases to stabilize occupancy
• Loan required a quick closing to satisfy the terms of an agreement between the City of Pontiac and the seller who obtained a judgment against the City
Single Family Residence
$4,000,000
Loan Amount
Malibu, CA
Revere Capital funded 50% of a $4,000,000 loan secured by a second lien in a ~11,000 sf house in Malibu, CA. The loan term is four months and will provide the sponsor, a former NBA player who played for 21 seasons and is in the Hall of Fame, with additional time to market and sell the house.
• Loan proceeds were used to bridge to a sale
• Term is four months
• Loan closed in less than one week
• Loan proceeds were used to bridge to a sale
• Term is four months
• Loan closed in less than one week
Self Storage
$3,185,000
Loan Amount
Clarksville, TN
Revere Capital funded a $3,185,000 loan secured by a 693-unit self-storage facility in Clarksville, TN. The loan was used by the sponsor to fund a capital expenditure reserve to be used for value-add projects at the property during Revere’s loan term.
• Loan proceeds were primarily used to acquire the property
• Loan term is 18 months with one extension for 6 months
• Loan proceeds were primarily used to acquire the property
• Loan term is 18 months with one extension for 6 months
Office
$7,800,000
Loan Amount
Austin, TX
Revere Capital funded a $7,800,000 loan secured by a 29,685 sf, two-story Class B multi-tenant office building in Austin, TX. The loan was used by the sponsor to acquire the property. The sponsor is a repeat customer of Revere Capital. The loan will amortize down to $6,200,000 during the loan term which will facilitate a refinancing with conventional debt financing.
• Loan provided the sponsor with 75% loan to purchase price proceeds
• Sponsor is a repeat customer of Revere
• Loan provided the sponsor with 75% loan to purchase price proceeds
• Sponsor is a repeat customer of Revere
Hospital
$5,000,000
Loan Amount
Chicago, IL
Revere Capital funded a $5,000,000 loan secured by a first lien on two land parcels that are slated for the development of manufactured housing communities.
• Proceeds were used to refinance existing debt
• Property is currently occupied by the government in response to COVID-19
• Proceeds were used to refinance existing debt
• Property is currently occupied by the government in response to COVID-19
Multifamily
$3,000,000
Loan Amount
Burbank, CA
• This loan is a strategic purchase of a small apartment project in the Media Center redevelopment area of Burbank.
• Circa 1940's construction, with stable in-place occupancy due to the property’s irreplaceable infill location.
• 67% loan to purchase, for a 2-year initial term, with a 1-year extension option.
• Revere structured with “soft” additional collateral to mitigate the <1:1: initial DSCR.
• The property is surrounded by Universal Studios, Disney, Dolby, NBC.
• Circa 1940's construction, with stable in-place occupancy due to the property’s irreplaceable infill location.
• 67% loan to purchase, for a 2-year initial term, with a 1-year extension option.
• Revere structured with “soft” additional collateral to mitigate the <1:1: initial DSCR.
• The property is surrounded by Universal Studios, Disney, Dolby, NBC.
Multifamily
$3,500,000
Loan Amount
Austin, TX
• Revere Capital funded this $3.5 million loan secured by a first lien on a 41-unit multifamily property in Austin, TX
• Proceeds were used to acquire the property and for capital improvements to the units
• The property is over 90% occupied and is located in an up-and-coming area of Austin
• Investment closed in under one month
• Proceeds were used to acquire the property and for capital improvements to the units
• The property is over 90% occupied and is located in an up-and-coming area of Austin
• Investment closed in under one month
Office
$2,900,000
Loan Amount
Las Colinas, TX
• 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.
• 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.
Retail
$3,220,000
Loan Amount
Fairfield, CA
• Revere Capital funded a $3,220,000 loan to acquire the recently completed Hobby Lobby store in Fairfield, California
• All tenant improvement work has been completed, but Hobby Lobby is unable to take position of the space until the shelter-in-place orders are lifted
• The intended permanent lender had to pull back from the investment at the last minute due to the COVID-19 situation
• The seller was unwilling to extend the acquisition escrow, so Revere funded and closed the investment in just nine days
• All tenant improvement work has been completed, but Hobby Lobby is unable to take position of the space until the shelter-in-place orders are lifted
• The intended permanent lender had to pull back from the investment at the last minute due to the COVID-19 situation
• The seller was unwilling to extend the acquisition escrow, so Revere funded and closed the investment in just nine days
Retail
$19,625,000
Loan Amount
Colorado Springs, CO
Revere Capital funded a $19,625,000 loan secured by a 360,000 sf retail property in Colorado Springs, CO. The loan was used by the sponsor to purchase its debt at a discount from a mortgage REIT who needed liquidity. The loan also provided a reserve account for future leasing costs.
• Loan was under application with another lender who was unable to fund due to COVID-19 related financing issues. Fortunately, Revere is well-capitalized and was able to close quickly with a creative structure that maximized proceeds
• Revere was able to close this loan in under 15 business days
• Loan was under application with another lender who was unable to fund due to COVID-19 related financing issues. Fortunately, Revere is well-capitalized and was able to close quickly with a creative structure that maximized proceeds
• Revere was able to close this loan in under 15 business days
Retail
$6,000,000
Loan Amount
Matteson, IL
Revere provided acquisition financing for a 100% occupied retail center in suburban Chicago.
• Revere Capital funded a $6,000,000 loan to acquire the leased fee interest in a 100% occupied 150,000 SF retail center. The property has maintained a strong occupancy history, with national credits including Burlington Coat Factory, Ross, Marshall's, Dollar Tree, PetSmart, Panera Bread, Sprint, and BMO Harris Bank.
• Simultaneous with the acquisition, the Borrower entered into a 99-year ground lease with in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments.
• This is Revere’s sixth loan with this repeat Borrower, who relies on Revere to work quickly in order to make their closing deadlines.
• Revere Capital funded a $6,000,000 loan to acquire the leased fee interest in a 100% occupied 150,000 SF retail center. The property has maintained a strong occupancy history, with national credits including Burlington Coat Factory, Ross, Marshall's, Dollar Tree, PetSmart, Panera Bread, Sprint, and BMO Harris Bank.
• Simultaneous with the acquisition, the Borrower entered into a 99-year ground lease with in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments.
• This is Revere’s sixth loan with this repeat Borrower, who relies on Revere to work quickly in order to make their closing deadlines.
Gym Portfolio
$6,450,000
Loan Amount
St. Louis, MO & San Antonio, TX
Revere Capital funded a $6,450,000 loan to acquire the leased fee interests in two retail centers anchored by Gold’s Gym, who executed new 15-year NNN leases. Gravois Place (86,931 square feet) is located in Fenton (suburban St. Louis) MO, and The Shops at Walzem (55,526 square-feet) is located in San Antonio, TX.
Proceeds were used to acquire the properties.
Simultaneous with the acquisition, the Borrower entered into 99-year ground leases in which the Borrower leased the Properties to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments.
This is Revere’s fifth loan with this repeat Borrower, who relies on Revere to work quickly in order to make their closing deadlines.
This investment closed in under 10 days
Office
$20,100,000
Loan Amount
Colorado Springs, CO
Revere Capital funded a loan totaling $20,100,000 secured by two office buildings in Colorado Springs, CO.
• Loan proceeds were used to acquire the properties and capitalize a reserve account for future leasing costs.
• Loan with time needed to negotiate lease extensions with two major tenants that occupy the properties.
• Loan closed just four business days after signed term sheet.
• Loan proceeds were used to acquire the properties and capitalize a reserve account for future leasing costs.
• Loan with time needed to negotiate lease extensions with two major tenants that occupy the properties.
• Loan closed just four business days after signed term sheet.
Multifamily
$4,650,000
Loan Amount
Colorado Springs, CO
Revere Capital funded a $4,650,000 loan secured by a first lien on 16-unit, 49-bed multifamily property located in Raleigh, NC.
• Proceeds were used to acquire the property.
• Proceeds enabled the Sponsor to acquire the Property in an expedited time frame
• Property is located in the booming Raleigh market and in close proximity to NC State University Investment closed in under 20 days
• Proceeds were used to acquire the property.
• Proceeds enabled the Sponsor to acquire the Property in an expedited time frame
• Property is located in the booming Raleigh market and in close proximity to NC State University Investment closed in under 20 days
Industrial
$76,000,000
Loan Amount
Harrison, New Jersey
Revere Capital funded a $76,000,000 loan secured by a portfolio of industrial assets in Harrison, NJ.
• Properties are located in a prime location, within very close proximity to New York City and allow the rare opportunity for a larger development in this area
• Tenants of the Properties consist of several large, multinational companies
• Sponsor has been in business since the 1950's and is a mainstay in the city of Harrison
• Properties are located in a prime location, within very close proximity to New York City and allow the rare opportunity for a larger development in this area
• Tenants of the Properties consist of several large, multinational companies
• Sponsor has been in business since the 1950's and is a mainstay in the city of Harrison
Retail
$5,500,000
Loan Amount
Charleston, WV
Revere Capital funded $5,500,000 loan for the acquisition of leased fee interest in a 160,000 square-foot retail property sitting on an 18.6-acre lot located in Charleston, West Virginia.
• This is the 4th loan made for this Revere Capital repeat borrower
• Security comes from a 99-year ground lease on the leasehold improvements
• Property is occupied by several national and regional tenants Investment closed in less than one week
• This is the 4th loan made for this Revere Capital repeat borrower
• Security comes from a 99-year ground lease on the leasehold improvements
• Property is occupied by several national and regional tenants Investment closed in less than one week
Mixed Use
$13,750,000
Loan Amount
Denton, TX
Revere Capital funded a $13,750,000 loan secured by a first lien on a mixed-use portfolio in Denton, TX consisting of a 70,000-sf office building and 19 multifamily units.
• Proceeds were used to acquire the property
• Collateral consists of the landmark office property in the downtown Denton area
• Investment closed in under 5 days. The expedited closing was a result of the Sponsor’s original lender failing to perform and a purchase contract with a hard and fast closing date
• Proceeds were used to acquire the property
• Collateral consists of the landmark office property in the downtown Denton area
• Investment closed in under 5 days. The expedited closing was a result of the Sponsor’s original lender failing to perform and a purchase contract with a hard and fast closing date
Multifamily
$1,500,000
Loan Amount
San Antonio, TX
Revere Capital funded a $1,500,000 loan secured by a second lien on a Class A, 150-unit apartment property in San Antonio, TX
• Proceeds facilitated a preferred equity partner redemption pursuant to a buy/sell agreement
• Loan subordinate to a senior bank loan
• Closed in three business days after signed term sheet
• Proceeds facilitated a preferred equity partner redemption pursuant to a buy/sell agreement
• Loan subordinate to a senior bank loan
• Closed in three business days after signed term sheet
Multifamily
$3,700,000
Loan Amount
Glendale, CA
Revere Capital funded a $3,700,000 loan secured by a first lien on a 22,729 SF parcel in the strong Glendale, CA sub-market of Los Angeles.
• Parcel has recently been up- zoned from office to multifamily
• Property is currently being marketed for sale, with one offer received to-date
• Loan provides additional time for soliciting additional offers and consummation of a sale
• Parcel has recently been up- zoned from office to multifamily
• Property is currently being marketed for sale, with one offer received to-date
• Loan provides additional time for soliciting additional offers and consummation of a sale
Self-Storage
$21,000,000
Loan Amount
Arizona
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
• 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
Retail
$2,475,000
Loan Amount
St. Louis, MO
Revere Capital funded a $2,475,000 loan secured by a first lien on the leased fee interest in a 236,000 square-foot retail property sitting on a 27.5-acre lot located in suburban St. Louis, Missouri.
• Borrower is a repeat borrower
• Security comes from a 99-year ground lease on the leasehold improvements
• Property is occupied by several national, credit tenants
• Investment closed in under 3 weeks
• Borrower is a repeat borrower
• Security comes from a 99-year ground lease on the leasehold improvements
• Property is occupied by several national, credit tenants
• Investment closed in under 3 weeks
Retail
$25,000,000
Loan Amount
Birmingham, AL
Revere Capital funded a $25,000,000 loan secured by a first lien on a 400,000-sf retail shopping center sitting on over 22 acres of commercial land located in Birmingham, AL.
• Property is considered to be one of the premier pieces of real estate in the Birmingham market
• Proceeds were used to refinance the property
• Sponsor is an experienced retail operator with a track record of success
• Property is considered to be one of the premier pieces of real estate in the Birmingham market
• Proceeds were used to refinance the property
• Sponsor is an experienced retail operator with a track record of success
Hospitality
$18,000,000
Loan Amount
Phoenix, AZ
Revere Capital concurrently funded two acquisition loans totaling $18,000,000 secured by first liens on two Phoenix-area hotels: a 105-room hotel in Downtown Phoenix, and a 90-room hotel in Florence, AZ.
• Revere was able to structure the loans around the sponsor’s complex TIC structure. Small holdbacks were included in each loan for initial capital improvements and working capital needs during the management transition process.
• Both hotels will be affiliated with one of the largest global hotel companies.
• Revere was able to structure the loans around the sponsor’s complex TIC structure. Small holdbacks were included in each loan for initial capital improvements and working capital needs during the management transition process.
• Both hotels will be affiliated with one of the largest global hotel companies.
Multifamily
$19,850,000
Loan Amount
Slidell, LA
Revere Capital funded a $19,850,000 loan secured by a 295-unit multifamily property located in Slidell, LA
• Loan proceeds were used to refinance the CMBS loan on the primary collateral and provide cash out proceeds to the sponsor to be used to fund costs related to three other real estate projects
• Loan is also secured by second liens on three commercial properties and an assignment of two notes
• Sponsor is a repeat customer of Revere Capital
• Loan proceeds were used to refinance the CMBS loan on the primary collateral and provide cash out proceeds to the sponsor to be used to fund costs related to three other real estate projects
• Loan is also secured by second liens on three commercial properties and an assignment of two notes
• Sponsor is a repeat customer of Revere Capital
Retail
$8,900,000
Loan Amount
Fresno, CA
Revere Capital funded an $8,900,000 loan secured by a first lien on a 145,000 sf shopping center located in Fresno, CA that is currently 97% occupied. Proceeds from Revere’s loan were used to acquire the subject property. Repayment of Revere’s loan is expected to come via the sale of various NNN parcels at the subject property including Starbucks, Arby’s, Dollar Tree and Chevron. Revere will sweep 100% of the net sales proceeds until the loan has been repaid in full.
• Loan proceeds were used to acquire the property
• Loan is senior to a mezzanine loan provided by a California-based institutional lender
• Sponsors are experienced local retail commercial real estate owners and operators
• Loan proceeds were used to acquire the property
• Loan is senior to a mezzanine loan provided by a California-based institutional lender
• Sponsors are experienced local retail commercial real estate owners and operators
Retail/Office/Land
$7,200,000
Loan Amount
San Fernando, CA
Revere Capital funded a $7,200,000 loan secured by a first lien on two commercial buildings and two land parcels located in San Fernando, CA.
• A portion of the collateral consists of a historic property in the city
• Borrower intends to complete renovations for both properties
• Proceeds were used to refinance existing loans and for capital improvements
• A portion of the collateral consists of a historic property in the city
• Borrower intends to complete renovations for both properties
• Proceeds were used to refinance existing loans and for capital improvements
Land
$4,250,000
Loan Amount
Riverside County, CA
Revere Capital funded a $4,250,000 loan secured by approximately 14 acres of entitled land in Riverside County, CA.
• Proceeds were used to refinance the existing mortgage and fund a holdback reserve for costs associated with construction documents and permits.
• Loan provides the borrower with time to complete the permitting process needed to obtain a construction loan.
• Proceeds were used to refinance the existing mortgage and fund a holdback reserve for costs associated with construction documents and permits.
• Loan provides the borrower with time to complete the permitting process needed to obtain a construction loan.
Multifamily & Retail
$23,500,000
Loan Amount
New York, NY
Revere Capital funded a $23,500,000 loan secured by a multifamily and retail property in New York City.
• Loan proceeds were used to refinance senior debt, pay down a portion of mezzanine debt and complete property renovations
• Multifamily and retail units are subject to long term leases in place at closing
• Sponsorship is an experienced local multifamily owner and operator
• Loan proceeds were used to refinance senior debt, pay down a portion of mezzanine debt and complete property renovations
• Multifamily and retail units are subject to long term leases in place at closing
• Sponsorship is an experienced local multifamily owner and operator
Land
$10,500,000
Loan Amount
Los Angeles, CA
Revere Capital funded a $10,500,000 loan secured by a first lien on a one-acre site within the affluent Bel Air neighborhood of Los Angeles.
• Repeat borrower of Revere who has extensive experience in the surrounding area
• Borrower was able to maximize leverage by providing additional collateral and providing Revere with an equity participation
• Closed in one week to facilitate the borrower’s off-market buying opportunity
• Repeat borrower of Revere who has extensive experience in the surrounding area
• Borrower was able to maximize leverage by providing additional collateral and providing Revere with an equity participation
• Closed in one week to facilitate the borrower’s off-market buying opportunity
Office Property
$12,850,000
Loan Amount
The Woodlands, TX
Revere Capital funded a $12,850,000 loan secured by a first lien on a 261,000 sf corporate office campus.
• Creative/Flexible Structure with less restrictive covenants than a traditional bank
• Offered competitive pricing in the non-bank universe of lender
• Creative/Flexible Structure with less restrictive covenants than a traditional bank
• Offered competitive pricing in the non-bank universe of lender
Land
$3,560,000
Loan Amount
Sarasota, FL
Revere Capital funded a $3,560,000 loan secured by a first lien on a 29.1-acre land parcel located in Sarasota, FL.
• Proceeds were used to refinance the existing loan on the property as it approached maturity
• Property is situated near the major transportation hubs in the city
• Loan will grant the Borrower time needed to execute on his global business plan Investment closed in under 8 days
• Proceeds were used to refinance the existing loan on the property as it approached maturity
• Property is situated near the major transportation hubs in the city
• Loan will grant the Borrower time needed to execute on his global business plan Investment closed in under 8 days
Office Building
$4,000,000
Loan Amount
Farmington, CT
Revere Capital funded a $4,000,000 loan secured by a first lien on the leased fee interest in a 133,500-square foot, office property sitting on a 13.3-acre lot located in Farmington, CT. The property is 100% occupied by a large-cap, publicly traded company. Proceeds were used to acquire the property by a repeat borrower of Revere’s.
• Borrower is a repeat borrower
• Simultaneous with the acquisition, Borrower entered into a 99-year ground lease in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments.
• Investment closed in under 3 weeks
• Borrower is a repeat borrower
• Simultaneous with the acquisition, Borrower entered into a 99-year ground lease in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments.
• Investment closed in under 3 weeks
Multifamily
$3,152,025
Loan Amount
Watford City, ND
Revere Capital funded a $3,152,025 loan secured by a first lien a 75-unit apartment complex located in Watford City, ND which is the epicenter of the oil and gas play of the Bakken Shale. Revere also has a first lien on a 5.4 acre parcel located in Annapolis, MD which will serve as additional collateral. Loan proceeds were used to refinance the Watford City property. Sponsor has invested significant cash in the Watford City property and contributed an additional $3,510,000 at closing of Revere’s loan. Revere’s loan is expected to be repaid with proceeds from a Freddie Mac loan.
• Additional collateral was provided to maximize loan amount
• Proceeds were used to refinance
• Deal closed in under two weeks
• Additional collateral was provided to maximize loan amount
• Proceeds were used to refinance
• Deal closed in under two weeks
Multifamily & Retail
$4,300,000
Loan Amount
Nacogdoches, Texas
Revere Capital funded a $4,300,000 loan secured by a portfolio of properties in the historic college town of Nacogdoches, Texas. The loan is secured by a first lien on two multifamily properties and one retail property.
• Proceeds were used to retire the existing debt
• Borrower has invested considerable capital into the improvement and upgrades of the properties
• Investment closed in under 14 days.
• Proceeds were used to retire the existing debt
• Borrower has invested considerable capital into the improvement and upgrades of the properties
• Investment closed in under 14 days.
Retail & Office
$3,000,000
Loan Amount
Keene, New Hampshire
Revere Capital funded a $3,000,000 acquisition loan in less than 10 days. The loan is secured by a first lien on the leased fee (land) interest under a 99,567-square foot, retail/office property in the historic college town of Keene, NH.
• Proceeds were used to acquire the property
• Simultaneous with the acquisition, Borrower entered into a 99-year ground lease in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments. Investment closed in under 10 days
• Proceeds were used to acquire the property
• Simultaneous with the acquisition, Borrower entered into a 99-year ground lease in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments. Investment closed in under 10 days
Commercial Office Space
$5,000,000
Loan Amount
Dallas, TX
Revere Capital funded a $5,000,000 loan secured by a first lien on a single-tenant office property located in Dallas, TX.
• Proceeds were used to refinance the existing mortgage as well as for working capital for the owner-occupied business
• Property is located in a high growth area currently undergoing an urban transformation
• Partnered with a subordinate loan participant to maximize total proceeds to the borrower Investment closed in under 3 weeks
• Proceeds were used to refinance the existing mortgage as well as for working capital for the owner-occupied business
• Property is located in a high growth area currently undergoing an urban transformation
• Partnered with a subordinate loan participant to maximize total proceeds to the borrower Investment closed in under 3 weeks
Multifamily
$18,140,000
Loan Amount
Columbia, SC
Revere Capital funded a $18,140,000 loan secured by a first lien on a 419-unit apartment complex in Columbia, SC.
• Loan proceeds were used to acquire the property and to fund a reserve account for future capital improvements
• The Borrower is an institutional real estate investment manager with current ownership of approximately 5,000 apartment units in the Southeast.
• Investment closed in under 7 days to take advantage of a price discount included in the Purchase and Sale Agreement
• Loan proceeds were used to acquire the property and to fund a reserve account for future capital improvements
• The Borrower is an institutional real estate investment manager with current ownership of approximately 5,000 apartment units in the Southeast.
• Investment closed in under 7 days to take advantage of a price discount included in the Purchase and Sale Agreement
Retail & Single-Family
$10,000,000
Loan Amount
Texas & California
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
• 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
Self-Storage
$4,400,000
Loan Amount
Denver, CO
Revere Capital funded a $4,400,000 loan secured by a first lien on a to-be-completed self-storage facility located in a high growth submarket of Denver. Upon completion, the property will be a Class A facility with approximately 700 climate-controlled units.
• Loan funded mid-construction (approximately 60% complete)
• Proceeds will be used to complete construction
• Loan will bridge the borrower to certificate of occupancy issuance
• Loan funded mid-construction (approximately 60% complete)
• Proceeds will be used to complete construction
• Loan will bridge the borrower to certificate of occupancy issuance
Shopping Center
$5,500,000
Loan Amount
Dallas, TX
Revere Capital funded a $5,500,000 loan secured by a first lien on a 185,000-square foot retail shopping center in Dallas, TX.
• Loan proceeds were used to refinance the property and fund reserve accounts for future capital expenditures
• Tenant improvements will be used for newly signed anchor tenant
• Investment closed in under 20 days
• Loan proceeds were used to refinance the property and fund reserve accounts for future capital expenditures
• Tenant improvements will be used for newly signed anchor tenant
• Investment closed in under 20 days
Nursing Facility
$9,000,000
Loan Amount
Rowlett, TX
Revere Capital originated a $9,000,000 loan to refinance a 169 licensed bed skilled nursing facility in Rowlett, TX.
• Loan proceeds enabled the borrower to refinance its senior loan that was cross-collateralized with other skilled nursing facilities in the borrower’s portfolio
• Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
• Loan has a 24-month term with two, six-month extension options
• Loan proceeds enabled the borrower to refinance its senior loan that was cross-collateralized with other skilled nursing facilities in the borrower’s portfolio
• Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
• Loan has a 24-month term with two, six-month extension options
Office Building
$9,000,000
Loan Amount
Sacramento, CA
Revere Capital originated a $9,000,000 loan to refinance and fund tenant improvements for a 100,000 square-foot multi-tenant office building in Sacramento, CA.
• Loan proceeds enabled the borrower to refinance its senior loan and fund a portion of the borrower’s tenant improvement commitment to an incoming tenant
• Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
• Loan has a 24-month term with one, 12-month extension option
• Loan proceeds enabled the borrower to refinance its senior loan and fund a portion of the borrower’s tenant improvement commitment to an incoming tenant
• Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
• Loan has a 24-month term with one, 12-month extension option
Historic Office/Retail
$15,750,000
Loan Amount
Los Angeles, CA
Revere Capital funded a $15,750,000 loan on a historic 4-story office and retail property on Hollywood Boulevard in Los Angeles.
• Loan proceeds provided flexibility for the borrower to execute his business plan, which includes updating a 50,000 square foot office building with ground floor retail and a subterranean restaurant lounge.
• In addition to funding the borrower’s construction cost, existing loans were paid off on two properties.
• The property is located on Hollywood Boulevard at Western Avenue near the Walk of Fame and Kodak Theater.
• Loan proceeds provided flexibility for the borrower to execute his business plan, which includes updating a 50,000 square foot office building with ground floor retail and a subterranean restaurant lounge.
• In addition to funding the borrower’s construction cost, existing loans were paid off on two properties.
• The property is located on Hollywood Boulevard at Western Avenue near the Walk of Fame and Kodak Theater.
Multifamily Portfolio
$16,330,900
Loan Amount
Northern California
Revere Capital has funded a $16,330,900 loan on a 333-unit multifamily portfolio in Northern California.
• Loan proceeds allowed the borrower to acquire two multifamily properties and grow the portfolio from 175 to 333 units.
• Revere’s ability to structure a loan secured by 16 properties consisting of three different asset types enabled the borrower to execute two multifamily acquisitions within a constrained timeframe.
• Borrower was able to refinance their multifamily portfolio as a bridge to permanent financing.
• Loan proceeds allowed the borrower to acquire two multifamily properties and grow the portfolio from 175 to 333 units.
• Revere’s ability to structure a loan secured by 16 properties consisting of three different asset types enabled the borrower to execute two multifamily acquisitions within a constrained timeframe.
• Borrower was able to refinance their multifamily portfolio as a bridge to permanent financing.
Retail & Self Storage
$12,600,000
Loan Amount
Houston & Dallas
Revere Capital funded a $12,600,000 loan secured by a 1st lien on a now-vacant, former Super Wal-Mart in Garland, TX and a retail center anchored by a now-vacant, former grocer in Houston, TX.
• Loan repaid Borrower’s line of credit enabling him to acquire two other properties at advantageous prices in a short time frame, as well as fund tenant improvements for newly executed leases
• The properties will be refinanced with construction loans for conversions to self-storage and an indoor sports facility
• Loan repaid Borrower’s line of credit enabling him to acquire two other properties at advantageous prices in a short time frame, as well as fund tenant improvements for newly executed leases
• The properties will be refinanced with construction loans for conversions to self-storage and an indoor sports facility
A full list of our real estate investments is available upon request.
Learn More About Our Real Estate Strategy
Revere seeks to achieve stable risk-adjusted returns for our investors through a class-leading direct origination platform and bottom-up underwriting focused on risk mitigation.