Location: Lake Arrowhead, CA
Loan Amount: $16M
Loan Type: Acquisition
Property Type: Hotel
Challenge iBorrow Solved:
The borrower needed a quick close during Covid. Due to the unprecedented nature of the pandemic, other lenders were not lending on typical resort properties.
iBorrow was able to structure a loan to meet the borrower’s equity needs and return expectations. Additionally, iBorrow was able to provide enough term to gain occupancy and get through the shut down/pandemic.