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
- Transaction closed in under 3 weeks