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
- Transaction closed in under 20 days
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
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
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.
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.
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
