What is a Commercial Real Estate bridge loan?

Commercial real estate bridge loans are loans used to finance an immediate commercial real estate opportunity. As the name “bridge” implies, commercial real estate bridge loans bridge the gap between a borrower’s immediate need for financing versus a longer term solution. … For example, a commercial real estate bridge loans could finance the immediate renovation of a property while a borrower is in the process of arranging longer-term financing.

Commercial real estate bridge loans are usually short-term or interim loans. Typically, they are issued between a few months and two years.

The collateral needed to secure commercial real estate bridge loans is typically the actual real estate a borrower is purchasing or renovating.

Commercial real estate bridge loans can be issued by banks, as well as private commercial lenders, like iBorrow.

[READ MORE]

What is a Private Commercial Real Estate Lender?

Private commercial real estate lenders loan money to individual borrowers or businesses but are not tied to banks or other traditional financial institutions. …

Typically, private lenders use funds from private investors to issue private commercial real estate loans for borrowers. iBorrow manages a pool of capital, which is invested in every loan we fund. This pool of capital is a key reason we can close deals quickly and with confidence.

[READ MORE]

Why Should I Apply for a Loan with a Private Commercial Real Estate Lender over a Bank?

Private commercial real estate lenders typically are able to move much faster than banks or credit unions, who on average close in 90 days. iBorrow’s expertise, relationships, and in-house service enable us to close in two to four weeks, sometimes less. …

Private lenders also are more willing to fund loans for borrowers with substandard credit scores and on pre-cash flow properties, while Banks are not able to. iBorrow prioritizes the value of the borrower’s collateral over credit score and cash flow.

Read more about Why is a true borrower-first lender here.

[READ MORE]

What Makes iBorrow Different from Other Private Commercial Real Estate Lenders?

Compared to other private lenders, iBorrow’s flat structure allows for direct touchpoints, accessing a team with deep experience and ability to solve challenging situations, such as loans with structural issues, owner/occupants, pending legal issues, and more. …

iBorrow also has a streamlined approval process (no re-trades). iBorrow provides certainty with pre-approved LOI’s from our loan committee. In short, our “yes” really means “yes.”

Read more about our custom private lending solutions here.

[READ MORE]

How Quickly Can iBorrow Close a Bridge Loan?

We typically close in two-four weeks, while a traditional bank on … average closes in 90 days.

[READ MORE]

What is the iBorrow’s Typical Loan Amount?

iBorrow offers structured bridge lending solutions for loans from $3 – $100+ million. …

Read more about our Bridge Loan Program here.

[READ MORE]

What Loan Types Does iBorrow Provide Loans For?

iBorrow finances all commercial loan types on a non-recourse basis, specializing in bridge loans with a focus on value-add and opportunistic … acquisitions, recapitalizations, and portfolios ranging in loan size from $3 million to $100 million.

[READ MORE]

What Property Types Does iBorrow Provide Loans For?

iBorrow is a nationwide lender that provides short term bridge financing to commercial property owners at fixed interest rates on a non-recourse basis. … iBorrow works with all commercial property types, such as multifamily, hospitality, industrial, and office. iBorrow does not work on land/group up construction deals.

View Our Featured Transactions Here.

[READ MORE]

Is iBorrow’s Capital Discretionary?

Yes. iBorrow manages a pool of capital, which is invested in every loan we fund. … This pool of capital is a key reason we can close deals quickly and with confidence.

[READ MORE]

Are brokers protected with iBorrow?

Yes. iBorrow has developed relationships nationwide with loan brokers and iBorrow values these relationships. … In fact, iBorrow has completed numerous repeat transactions with brokers. All brokers are protected by iBorrow and we encourage referrals.

[READ MORE]

Does iBorrow require personal guarantees?

No. iBorrow primarily underwrites collateral, not borrowers. … We do not require borrowers to personally guarantee loans.

[READ MORE]