Single Family Residence

Loan Highlights

  • Location: Malibu, CA
  • Product Type: Single Family Residence
  • Loan Amount: $4,000,000

Description

Single Family Residence

Revere Capital funded 50% of a $4,000,000 loan secured by a second lien in a ~11,000 sf house in Malibu, CA. The loan term is four months and will provide the sponsor, a former NBA player who played for 21 seasons and is in the Hall of Fame, with additional time to market and sell the house.

  • Loan proceeds were used to bridge to a sale
  • Term is four months
  • Loan closed in less than one week
Cheyanne HarringtonJanuary 7, 20210 comments