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iBorrow’s recently closed transactions, announcements and other commercial real estate news.
iBorrow isn’t just in your corner. We’re in the news. Read recent announcements, releases, and press coverage. Discover how we continue to open opportunities as the real alternative in real estate lending.
SAGAPONACK, New York, (August 11, 2022) – iBorrow, a nationwide private direct lender for commercial real estate, has provided financing to a well-known boutique hotel/inn owner and operator to support the acquisition and renovation of Wainscott Inn, a 30-room boutique inn situated on the east end of Long Island in Sagaponack, New York. The financing comes at a time when travel...
DALLAS, Texas (May 4, 2022) – iBorrow, a nationwide private direct lender for commercial real estate, has provided a $20 million loan to support the acquisition of a 232-unit garden-style multifamily community in the Oak Cliff neighborhood of Dallas, Texas, according to Brian Good, CEO of iBorrow. “The borrower had the opportunity to purchase an exceptionally well-located multifamily property within the...
MONTCLAIR and CLIFTON, N.J., (March 31, 2022) – iBorrow, a nationwide private direct lender for commercial real estate, recently provided financing to support the acquisitions and repositionings of two vacant properties totaling nearly 50,000 square feet, both located in Northern New Jersey. The assets include a three-story, 19,952 square-foot property in Montclair, which was historically used as a self-storage facility, and...
AUSTIN, Texas, (February 28, 2022) – iBorrow, a nationwide private direct lender for commercial real estate, has provided a $13.9 million loan to support the acquisition and value-add renovation of a three-story, 86,910 square-foot office building situated on a 3.66-acre site in Austin, Texas, according to Brian Good, CEO of iBorrow. “Our financing assists the borrower in acquiring and implementing a...
iBorrow, a leading nationwide private direct lender for commercial real estate, is announcing the appointment of Mandy Pakes as Vice President of Loan Originations in San Francisco. Mandy brings over seventeen years of industry experience, with an extensive background in CRE loan origination, structuring, and underwriting nationwide. “We believe that Mandy’s experience and wide network will provide significant opportunity for...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $52 million loan secured by The Edge Student Village, a 798-bed, 12-story building that provides housing for students of Temple University in Philadelphia, Pennsylvania, one of the state’s premiere public research universities and the third-largest provider of professional education in the country. The financing will support significant...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $16.7 million loan secured by a five-story mixed-use commercial building parcel in urban Tribeca, New York, NY. Brian Good, iBorrow CEO, said, “The property sits in the heart of Tribeca’s retail and office market. We firmly believe the property will be successful due to the trends we...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $10.3 million acquisition loan secured by a 114-townhome community property in Riverdale, Georgia. Brian Good, iBorrow CEO, said, “We like the location of this property and its use in Riverdale, given its proximity to many major employers within the area such as Delta and Emory University. We...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $97.1 million loan for the acquisition financing of the iconic American Stock Exchange Building, a 14-story, 182,510 SF building built in 1921 and located at 123 Greenwich Street in lower Manhattan. The borrower, Yucaipa, was seeking a short-term bridge loan to close the acquisition of the property,...
iBorrow, a nationwide private direct lender for commercial real estate, has provided an $8.5 million loan secured by a 114-townhome community property in Albany, Georgia. The Property is centrally located across the street from Albany State University (ASU) campus with 216 student housing beds and is the only purpose-built student housing facility serving the main campus of the University. Brian...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $16.4 million loan secured by a 730,000 square-foot flex, office, industrial, and warehouse facility, comprised of six separate buildings. The proceeds of the iBorrow loan will be used to refinance an existing loan and fund tenant improvements for the property. Brian Good, iBorrow CEO, said, “Milwaukee is an...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $27.7 million loan secured by a multifamily property comprising 144 residential units, 6,000 square feet of ground floor retail, 114 parking stalls, and 29 motorcycle stalls. The proceeds of the iBorrow loan will be used to refinance an existing loan. Brian Good, iBorrow CEO, said, “Tacoma, Washington is...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $12 million loan secured by a portfolio of 14 properties operated as Sonic Drive Thru restaurants, totaling 21,687 SQFT, and 50,268 SQFT of adjacent vacant land. The proceeds of the iBorrow loan will be used by the borrower to acquire the property portfolio. Brian Good, iBorrow CEO, said,...
iBorrow, a nationwide private direct lender for commercial real estate has provided an $6.0 million acquisition and rehab loan secured by a 104-unit multifamily property in Forest Park, Georgia. The borrower will use the proceeds of the iBorrow to loan finance the acquisition and make certain upgrades to the property.With an estimated 2019 population of 506,811, the Atlanta metropolitan area is the hub and capital...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $12.5 million dollar loan secured by four industrial warehouses in California, Arizona and Nevada, slated for conversion to multi-tenant commercial “ghost kitchen” facilities. The Properties comprise approximately 27,700 total rentable square feet and, once converted, will be sub-leased to tenants for use as Ghost Kitchens, which are...
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $14 million loan secured by a 50,000 square foot flex space in Hawthorne, California (the “Property”). The loan proceeds will be used to refinance an existing loan. Brian Good, iBorrow CEO, said, “We think Los Angeles, and in particular the Hawthorne market, is one of the strongest in...