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