creacent hotel

Beverly Crescent Hotel

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.