Office Building

Loan Highlights

  • Location: Sacramento, CA
  • Product Type: Multi-Tenant Office Building
  • Loan Amount: $9,000,000

Description

Office Building

Revere Capital originated a $9,000,000 loan to refinance and fund tenant improvements for a 100,000 square-foot multi-tenant office building in Sacramento, CA.

  • Loan proceeds enabled the borrower to refinance its senior loan and fund a portion of the borrower’s tenant improvement commitment to an incoming tenant
  • Loan provided the borrower with time to stabilize occupancy of the property to qualify for permanent debt financing
  • Loan has a 24-month term with one, 12-month extension option