Location: Beverly Hills, CA
Loan Amount: $7.9M
Loan Type: Refinance
Property Type: Hotel
Challenge iBorrow Solved:
The borrower approached iBorrow for refinancing to upgrade the historic facility, as they were struggling with ADR, and needed a quick close. With limited comps in the area, the borrower relied on iBorrow’s expertise and reliability to produce a loan structure that would allow them to make the upgrades needed fast to increase occupancy.