Revere Capital funded a $18,140,000 loan secured by a first lien on a 419-unit apartment complex in Columbia, SC.

• Loan proceeds were used to acquire the property and to fund a reserve account for future capital improvements
• The Borrower is an institutional real estate investment manager with current ownership of approximately 5,000 apartment units in the Southeast.
• Transaction closed in under 7 days to take advantage of a price discount included in the Purchase and Sale Agreement