Location: Daniel Island, SC
Loan Amount: $9M
Loan Type: Refinance
Property Type: Office
Challenge iBorrow Solved:
The iBorrow loan enabled the borrower to refinance the sponsor’s existing debt. At a time when most lenders were pulling back from office properties, iBorrow funded this loan and included additional loan proceeds for future tenant improvement and leasing commissions. This will help the sponsor address significant lease expirations that are upcoming and help to stabilize the property.