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iBorrow’s recently closed transactions, announcements and other commercial real estate news.
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iBorrow Finances Olympia Office Building in Washington with $8.9 Million Loan
iBorrow, a private direct lender for commercial and multi-family real estate, has provided an $8.9 million loan for a two-story, 88,450 square-foot office building at 3000 Pacific Avenue South in Olympia, Washington. Built in 1987 and renovated in 2001, the property sits on more than four acres of land and is currently 74% occupied. The borrower, OB Investors, which has...
iBorrow Provides $7 Million Acquisition Loan forRetail Center in Aurora, Colorado
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $7 million acquisition loan for a 152,428 square feet retail property in Aurora, Colorado. The property sits on 12.91 acres and is in one of Denver’s fastest growing submarkets. The borrower will use the proceeds of this loan to purchase and re-position the property starting with a new...