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Medford, NY – iBorrow, a nationwide private direct lender for commercial real estate, today announced the closing of a $5.14 million loan to finance the acquisition of a 41,000 square foot industrial facility in Medford, NY. iBorrow was able to structure a customized financing package and close on the transaction quickly, in keeping with the seller’s need for liquidity and...

Detroit Metro, MI – iBorrow, a nationwide private direct lender for commercial real estate, today announced the closing of a $15.65 million loan to refinance a 238,575 square foot cold-storage industrial facility in Taylor, Michigan. The borrower is a best-in-class national industrial real estate firm that specializes in the acquisition, repurposing and management of manufacturing and distribution facilities across the United States....

Los Angeles – iBorrow, a nationwide private direct lender for commercial real estate, today announced the closing of a $9.2 million loan to refinance a portfolio of three properties in the Los Angeles area, including a mid-construction 14-unit multifamily property, a 9,300 square foot retail center and a 141,166 square foot lot of land that has been zoned for residential use. The transaction will...

Los Angeles – iBorrow, a nationwide private direct lender for commercial real estate, today announced the closing of a $41.6 million loan to refinance a portfolio of five properties in Palm Beach, Florida, as part of its overarching business theme of expanding its lending presence in the Florida market. The portfolio consists of two multifamily properties, a luxury single-family home...

Milwaukee, WI – iBorrow, a nationwide private direct lender for commercial real estate, has announced the closing of a $15.1 million loan secured by a 499,759 square-foot light industrial manufacturing property in Milwaukee, Wisconsin. The borrower specializes in industrial property with a strong track record of stabilizing and operating assets across the U.S. "We are witnessing a national shift in...

Atlanta Metro, Georgia – iBorrow, a nationwide private direct lender for commercial real estate, has provided a $15.6 million loan to support the acquisition of a highly leased retail center situated in the strong affluent Atlanta suburb of Roswell, Georgia, according to Brian Good, CEO of iBorrow.  “The Roswell/Alpharetta submarket has maintained a sub-8% retail vacancy rate since 2014, demonstrating its resilience throughout the pandemic and the subsequent period of higher interest rates,” says Good. “The submarket...

Google the term “commercial real estate debt maturities,” and the result will be about 12.2 million hits and headlines. “CRE Loans Face Mounting Maturities in 2023,” according to the Commercial Observer. Meanwhile, the Wall Street Journal added its own concerns, pointing out that “Commercial Property Debt Creates more Bank Worries.”

One significant consequence of Signature Bank’s shutdown is that many New York City area CRE companies will lose their “go-to” relationship bank. “Who will step in to take their place if the ship does not quickly stabilize?” quipped attorney Eric Orenstein of the law firm Rosenberg & Estis. “In addition, they were a cash management bank for larger loans, and...

MICHIGAN and INDIANA – iBorrow, a nationwide private direct lender for commercial real estate, has provided a $13.5 million loan collateralizing two fully-leased single-tenant industrial properties, one in Alma, Michigan and a second in Munster, Indiana. The two manufacturing facilities total 301,000 square feet and are leased to reputable tenants in the automotive and heavy gauge industries. According to iBorrow’s CEO Brian Good, the loan was structured to help the borrower refinance $12 million in existing debt on the portfolio, as well as recapitalize the ownership...

      WEST HOLLYWOOD, CA – iBorrow, a nationwide private lender for commercial real estate, announced that it has provided financing to Ian Schrager and Ed Scheetz to enable their acquisition of a 139-key hotel property formerly known as the Standard Hotel in West Hollywood, California. The $86.7 million loan was funded through a co-lending partnership between iBorrow and Reuben Brothers.  “We’ve observed that the hospitality sector has...

LOS ANGELES, CA – iBorrow,  a nationwide private direct lender for commercial real estate, has provided a $17.38 million refinance loan on two mid-renovation multifamily communities located in Southern California. The bridge loan will be used to refinance the borrower’s existing debt, while also providing the additional proceeds needed to complete full unit renovations and capex work, then lease up...

MYRTLE BEACH, SC (November 22, 2022) – iBorrow, a nationwide private direct lender for commercial real estate, announces that it has provided financing to a Los Angeles-based investor in commercial real estate and technology companies, for its acquisition of the Sandcastle Oceanfront Resort, a 240-key, beachfront resort hotel in Myrtle Beach, South Carolina. The $14.3 million financing, secured by iBorrow, provides...

iBorrow’s VP of Loan Originations, Mandy Pakes, was named a winner of Connect CRE's 2022 Women in Commercial Real Estate awards - Seattle & Northwest category. After joining iBorrow in March of 2022, Mandy has been an integral part of the iBorrow team, and is being recognized for going above and beyond to deliver clients excellent finance experiences.

iBorrow provided a $15 million loan refinance to the Old Orchard Shopping Center in Santa Clarita California. CEO Brian Good notes "This property’s unique mix of grocery, fast food and niche tenants should provide resilience even during an economic downturn.”

SANTA CLARITA, CA – iBorrow,  a nationwide private direct lender for commercial real estate, has provided a $15 million loan to refinance the Old Orchard Shopping Center, a 100,000 square-foot strip center located in Santa Clarita, California. The proceeds of the refinancing will retire an outstanding CMBS loan, and provide for a reserve for tenant improvements and leasing commissions for...

iBorrow provided a $24.9 million bridge loan to refinance a 173-key Holiday Inn Express & Suites asset in downtown Atlanta, Georgia. iBorrow funded 100 percent of the CapEx budget to improve the hotel with renovations including the scheduled property improvement plan, tenant improvement allowance and leasing commission reserves.