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iBorrow

Los Angeles, CA·
iBorrow is a private commercial bridge lender specializing in quick closings and rehab/repositioning projects. Our extensive background in lending and large balance sheet lets us service borrowers with virtues that are often at odds: speed and stability. We stand by the terms and dates we set with our clients. No broken promises. All loans are non-recourse, so our primary concern with respect to underwriting is the value of the property and/or the sponsor’s business plan.
iBorrow describing itself

Loan programs

Offers— no published terms

Terms & qualification

Typical loan size
$2M – $40M
Typical term
6 mo – 36 mo
Interest rate
7.5% – 12%
Origination / points
1% to 2%
Lien position
1st
Prepayment penalty
no
Payment structure
Interest Only
Recourse
Never
Closing speed
21 days typical · 14 days fastest
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Financial Statements, Appraisal Required for Commercial Property, Always, Broker Price Opinion (BPO) Accepted for Commercial Property, Never
Borrower entity
Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA

Lending footprint

Not reported.

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.