Multifamily

Loan Highlights

  • Location: Slidell, LA
  • Product Type: Multifamily
  • Loan Amount: $19,850,000

Description

Multifamily

Revere Capital funded a $19,850,000 loan secured by a 295-unit multifamily property located in Slidell, LA

  • Loan proceeds were used to refinance the CMBS loan on the primary collateral and provide cash out proceeds to the sponsor to be used to fund costs related to three other real estate projects
  • Loan is also secured by second liens on three commercial properties and an assignment of two notes
  • Sponsor is a repeat customer of Revere Capital
Cheyanne HarringtonFebruary 11, 20190 comments