Multifamily

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

Self- Storage

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

Retail

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
  • Transaction closed in under 3 weeks

Multifamily

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

Retail

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

Land

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.

Land

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 proving Revere with an equity participation
  • Closed in one week to facilitate the borrower’s off market buying opportunity

Office Property

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

Land

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
  • Transaction closed in under 8 days

Specialty Finance

Revere Capital closed a revolving credit facility to a motorcycle leasing company

  • Borrower is a leading motorcycle lessor, providing leasing programs through an expansive network of more than 1,000 authorized dealers
  • Borrower serves the full credit spectrum of consumers in the powersports market, from prime to deep subprime (Tiers 1-6). Revere will finance the lowest credit tier assets (Tiers 5 & 6)
  • Loan may be increased to $45 million subject to certain conditions.