Historic Office/Retail

Loan Highlights

  • Location: Los Angeles, CA
  • Product Type: Historic Office/Retail
  • Loan Amount: $15,750,000

Description

Historic Office/Retail

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.