Revere Capital funded a $3,000,000 acquisition loan in less than 10 days. The loan is secured by a first lien on the leased fee (land) interest under a 99,567-square foot, retail/office property in the historic college town of Keene, NH.
- Proceeds were used to acquire the property
- Simultaneous with the acquisition, Borrower entered into a 99-year ground lease in which the Borrower leased the Property to the ground lessee in exchange for a lump sum initial payment and escalating, annual rental payments.
- Transaction closed in under 10 days