Mixed Use

Loan Highlights

  • Location: Denton, TX
  • Product Type: Mixed Use
  • Loan Amount: $13,750,000

Description

Mixed Use

Revere Capital funded a $13,750,000 loan secured by a first lien on a mixed-use portfolio in Denton, TX consisting of a 70,000-sf office building and 19 multifamily units.

  • Proceeds were used to acquire the property
  • Collateral consists of the landmark office property in the downtown Denton area
  • Transaction closed in under 5 days. The expedited closing was a result of the Sponsor’s original lender failing to perform and a purchase contract with a hard and fast closing date
Cheyanne HarringtonSeptember 23, 20190 comments