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iBorrow Provides Financing for Acquisition and Renovation of Office Property in Austin, Texas
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 Names Mandy Pakes VP of Originations in San Francisco
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 Provides $52 Million Loan for Philadelphia Student Housing Community
iBorrow provided Emet Capital Management with a $52 million loan for The Edge Student Village, a 798-bed community in Philadelphia, serving the students at Temple University. The loan will support upgrades to the property.

iBorrow Provides $52 Million Loan to Support Strategic Upgrades for 798-Bed Student Housing Property in Philadelphia
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 Provides $16.7 Million Refinance Loan for Office Property in Tribeca, New York
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 Provides $10.3 Million Acquisition Loan for Multifamily Property in Riverdale, Georgia
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 Provides $97.1 Million Acquisition Loan to Yucaipa for New York Stock Exchange Building
iBorrow provided a $97.1 million loan for the acquisition financing of the American Stock Exchange Building. The borrower, Yucaipa, was able to secure a short-term bridge loan with iBorrow in order to renovate and reposition the building as a private membership club.

iBorrow Provides $97.1 Million Acquisition Loan to Purchase New York City’s Iconic American Stock Exchange Building
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 Provides $8.5 Million Refinance Loan for Student Housing Property in Albany, Georgia
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 Provides $16.4 Million Refinance Loan for Flex Industrial & Office Property in Milwaukee, Wisconsin
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 Provides $27.7 Million Refinance Loan for Multifamily Property in Tacoma, Washington
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 Provides $12 Million Acquisition Loan for 15 Sonic Restaurant Properties Throughout Georgia & South Carolina
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 Provides $6.0 Million Acquisition and Rehab Loan for Multifamily Property in Forest Park, Georgia
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 Provides $12.5 Million Acquisition Loan for Industrial ghost kitchens
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 Provides $14 Million Refinance Loan for Three-building Flex & Industrial Space in Hawthorne, California
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...

iBorrow Provides $3.3 Million Refinance Loan for Multifamily in Chicago, IL
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $3.3 million loan secured by a 72-unit multifamily property in Chicago, IL. The borrower will use the loan proceeds to refinance an existing loan.According to Brian Good, iBorrow CEO, “We liked the location of this property and its use in Champaign, given its proximity to the University of Illinois at Urbana–Champaign (along...