Self- Storage

Loan Highlights

  • Location: Arizona
  • Product Type: Self- Storage
  • Loan Amount: $21,000,000

Description

Self- Storage

Revere Capital funded two loans totaling $21,000,000 secured by two separate Class A self-storage facilities in Arizona.

  • Loan proceeds were used to recapitalize the capital structure by refinancing the construction loans and return a portion of the invested capital in the project
  • Loan will provide the borrower with time to season the recently completed facilities to prepare for an eventual sale or refinancing with permanent debt
  • Sponsor is a repeat customer of Revere Capital
Cheyanne HarringtonApril 30, 20190 comments