Location: Austin, TX
Loan Amount: $16M
Loan Type: Acquisition/Renovation
Property Type: Office
Challenge iBorrow Solved:
The financing will assist the borrower in acquiring and implementing a $7 million capital improvement plan at the property. Based on the sponsor’s deep experience in the robust Austin market, iBorrow is confident that the strategic upgrades to the interior and exterior of the office property, which has not been renovated since 2011, will lead to significant value creation upon lease up.