Land

Loan Highlights

  • Location: Sarasota, FL
  • Product Type: Land
  • Loan Amount: $3,560,000

Description

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