iBorrow, a nationwide private direct lender for commercial real estate, recently closed on a $9.2-million loan to refinance three properties in the Los Angeles area. These include a mid-construction 14-unit multifamily property in Toluca Lake (North Hollywood), 9,300 square feet of retail space in Los Angeles and 141,166 square feet of land zoned for residential use located in Glendale.
The loan will enable the borrower to complete construction on the multifamily project within two to three months’ time frame and realize their full vision for it. According to Brian Good, CEO of iBorrow: “Our team was able move quickly and provide refinancing that met all needs associated with this portfolio.”
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