Cash-Out Refinance Industrial Building

Revere Capital funded a loan totaling $9,800,000 secured by a 100% leased Class A Industrial Property located in Tucson, AZ.
Loan proceeds enabled Sponsor to refinance existing debt and bridge the time needed to execute a lease extension and fund the associated costs.
Revere’s collateral consisted of the First Deed of Trust and a personal guaranty from the Sponsor which will void upon execution of the lease extension.