Cash-Out Refinance Office Building

Revere Capital funded a loan totaling $12,500,000 secured by a multi-tenant suburban Chicago office building
Loan proceeds were used to refinance the office property and provide a reserve for good news money for additional lease up and rollover of existing tenants.
Loan required a quick closing to satisfy the maturity of the existing debt and Revere provided flexible prepayment options to Sponsor to provide flexibility with the sale of the property.
Revere successfully navigated closing with a foreign ownership structure.