Retail & Self Storage

Loan Highlights

  • Location: Houston & Dallas
  • Product Type: Retail and Self Storage
  • Loan Amount: $12,600,000

Description

Retail & Self Storage

Revere Capital funded a $12,600,000 loan secured by a 1st lien on a now-vacant, former Super Wal-Mart in Garland, TX and a retail center anchored by a now-vacant, former grocer in Houston, TX.

  • Loan repaid Borrower’s line of credit enabling him to acquire two other properties at advantageous prices in a short time frame, as well as fund tenant improvements for newly executed leases
  • The properties will be refinanced with construction loans for conversions to self-storage and an indoor sports facility