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Land Acquisition, 539 acre tract

Funded By: Revere Capital

Revere funded a $9,000,000 loan on a 538.99 acre tract of land entitled for residential lot development in Justin, TX. The loan was used to refinance the existing mortgage and to fund remaining predevelopment cost. The plan is to complete the MUD creation and repay the loan upon sale to a lot developer that has the parcel under contract.

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