Retail & Single-Family

Loan Highlights

  • Location: Texas & California
  • Product Type: Retail & Single Family Residential
  • Loan Amount: $10,000,000

Description

Retail & Single-Family

Revere Capital funded a $10,000,000 debtor in possession (“DIP”) loan to a privately held athletic shoe retailer. The loan is secured by five retail properties and a single-family residential asset.

  • Loan proceeds were used for refinancing and working capital purposes
  • Loan to facilitate an exit from Chapter 11 bankruptcy
  • Revere has issued a commitment to fund an additional $5,000,000 upon the satisfaction of conditions by the Borrower