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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...

 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...

 iBorrow, a nationwide private direct lender for commercial real estate, has provided a $6.88 million loan secured by a 143-unit, 138,472 square foot multi-family development in Chicago, Illinois (the “Property”).  The borrower will use a portion of the loan proceeds to complete necessary renovations to the Property and enhance its appeal and value.With a population of approximately 9.7 million, Chicago is the 3rd most populous MSA in the U.S., trailing only New York...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $9.35 million loan secured by a recently completed, 35,197 square foot co-living property, consisting of 60 individual units within 18 suites in Hollywood, California (the “Property”).  The Borrower will use the proceeds of the iBorrow loan to pay off an existing loan and to recapitalize the Property.Hollywood...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $10.75 million loan secured by a 6-unit, 17,702 square foot condominium development in West Palm Beach, Florida (the “Property”).  The development is 75% complete and is expected to be completed within 4 to 6 months.  The Borrower will use the proceeds of the iBorrow loan to pay...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $12.65 million loan secured by a 219-room, 155,904 square foot hotel in Fort Worth, Texas (the “Property”).  The Borrower is using the proceeds of this loan to refinance an existing loan and to fund the remaining costs of the property improvement plan to rebrand the hotel as...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $6.3 million loan secured by a 132,020 square foot mixed-use retail and office project on the waterfront in Bellingham, Washington (the “Property”).  The Borrower is refinancing two existing loans and using the remaining loan proceeds for tenant improvements while leasing up the Property.  Brian Good, iBorrow CEO, said,...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $11.97 million loan secured by a 521-unit, 35,599 square foot self-storage facility with an adjacent Starbucks coffee shop in North Hollywood, California (the “Property”).  The Borrower will use the proceeds of the iBorrow loan to refinance an existing loan and to build 566 additional units, adding 45,185...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $26.64 million loan secured by a 114-unit, 138-bed, 86,260 square feet assisted living and memory care facility in Federal Way, Washington (the “Property”).  The Borrower will use the proceeds of the loan to refinance an existing loan, fund remaining construction costs and bridge the Property until it...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $2.14 million loan secured by a 42,564 square foot flex warehouse in Schaumburg, Illinois (the “Property”).  The loan proceeds will be used to acquire the Property and to fund certain improvements for a new tenant who has leased more than a quarter of the Property’s leasable space. Brian...

iBorrow, a nationwide private direct lender for commercial real estate, has provided a $4.05 million loan secured by two adjacent office buildings, both with ground level retail, encompassing 13,478 square feet in Bentonville, Arkansas.  The Properties, which are well positioned in the core of Bentonville’s town square, offer their office tenants a central location and their retail tenant’s access to...

iBorrow, a private direct lender for commercial and multi-family real estate, has provided a $6 million loan for an owner-operated, two-story skilled nursing facility situated in one of the oldest parts of Los Angeles, Pasadena, at 1450 N Fair Oaks Ave. Originally constructed in 1965 and since remodeled, the nursing facility sits on approximately one acre of land and features...