Retail & Office

Loan Highlights

  • Location: Keene, New Hampshire
  • Product Type: Retail & Office
  • Loan Amount: $3,000,000

Description

Retail & Office

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