Office

Loan Highlights

  • Location: Las Colinas, TX
  • Product Type: Office
  • Loan Amount: $2,900,000

Description

Office

  • Secured by two office buildings in the Las Colinas submarket of Dallas.
  • One of the buildings is a multi-tenant office, currently 23% occupied. The other building is a single-tenant office that is 100% occupied.
  • Revere’s loan was used by the sponsor to refinance the current mortgage.
  • Exit is expected via a bank loan refinance upon lease-up of the multi-tenant office.
  • Loan was executed by Revere in just over two weeks.