Location: Newark, NJ
Loan Amount: $9.6M
Loan Type: Acquisition/Conversion
Property Type: Self-Storage
Challenge iBorrow Solved:
iBorrow worked with the borrower to close quickly, as the borrower needed to work fast to complete conversion of the building to be used for self-storage. On top of a speedy close, iBorrow also provided construction facility to assist Sponsorship with the conversion.