Location: Tribeca – New York, NY
Loan Amount: $16.7M
Loan Type: Refinance
Property Type: Mixed-Use
Challenge iBorrow Solved:
iBorrow provided refinancing for a mixed use (retail and office) building in the Tribeca area of New York. The borrower needed a quick close, as at the time, the building had limited upfront leasing in a softer market. As NYC and the renter market continue to rebound from the pandemic, the borrower was able to refinance at a rate that will set them up for success moving forward.