Self Storage

Loan Highlights

  • Location: Clarksville, TN
  • Product Type: Self Storage
  • Loan Amount: $3,185,000

Description

Self Storage

Revere Capital funded a $3,185,000 loan secured by a 693-unit self-storage facility in Clarksville, TN. The loan was used by the sponsor to fund a capital expenditure reserve to be used for value-add projects at the property during Revere’s loan term.

  • Loan proceeds were primarily used to acquire the property
  • Loan term is 18 months with one extension for 6 months
Cheyanne HarringtonJanuary 7, 20210 comments