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 Good, iBorrow CEO, said, “The Borrower is a seasoned real estate investor in the Chicago area with experience across development, management, construction, and investment. The Property is well located and benefits from signature demand for flex warehouse space in Northwest Chicago.”