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

Bridge Commercial

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.