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Fund Anticipates Future Mid-Term Debt Demand

DALLAS—The new $350-million fund is targeted to originate two-to-five year loans for every category of commercial real estate except land, with loans expected to range from $3 million to $30 million.

By Lisa Brown | lisabrown | Updated on March 10, 2017

Revere Capital Briner says there is a ready market of operators and sponsors for the type of debt Revere offers.

DALLAS—Through the origination and acquisition of real estate debt, Revere Capital provides fund investors with capital preservation and risk-adjust yield. The firm has launched Revere Credit Opportunities Fund III LP, according to founder Clark Briner. The new $350-million fund is targeted to originate two-to-five year loans to real estate investors and developers for every category of commercial real estate except land, with loans expected to range from $3 million to $30 million.

Revere Capital‘s High Yield Fund (Fund 2) has deployed nearly $250 million in loans since its launch in 2013, predominantly as bridge and mezzanine debt under 18 months, ranging from $2 million to $20 million. The Dallas-based private equity lender’s first fund (Fund 1) was a closed-end $50-million fund for short-term commercial real estate borrowers that opened in 2010 and closed in 2013 with all capital and profits fully returned to the investors.

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