Land

Loan Highlights

  • Location: Riverside County, CA
  • Product Type: Land
  • Loan Amount: $4,250,000

Description

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.