Office

Loan Highlights

  • Location: Austin, TX
  • Product Type: Office
  • Loan Amount: $7,800,000

Description

Office

Revere Capital funded a $7,800,000 loan secured by a 29,685 sf, two-story Class B multi-tenant office building in Austin, TX. The loan was used by the sponsor to acquire the property. The sponsor is a repeat customer of Revere Capital. The loan will amortize down to $6,200,000 during the loan term which will facilitate a refinancing with conventional debt financing.

  • Loan provided the sponsor with 75% loan to purchase price proceeds
  • Sponsor is a repeat customer of Revere
Cheyanne HarringtonDecember 24, 20200 comments