Standard 2

The Standard Hotel

Location: West Hollywood, CA

Loan Amount: $86.74M

Loan Type: Acquisition

Property Type: Hospitality

Challenge iBorrow Solved:

The sponsors needed a creative and flexible lender to work with them to finance a $100MM+ purchase of a large, well-located and iconic hotel that had been closed for several years. Despite certain entitlement risks, iBorrow was able to close its funding on time and provide a full interest reserve to cover the borrower’s debt service payment requirements. This loan will carry the property through the planning and permitting process.