Non-Recourse Lender for CRE Bridge Loans
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.
Please note that we do not offer loans for loans or ground-up construction projects.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Property Types
- Industrial
- Mixed-Use
- Multifamily
Loan Types
- Commercial Bridge
- Commercial Property Value Add
Max Loan-to-Purchase Price
65%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
4Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
65%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
2Deposit Required
Deposit is an advance against third party expenses and legal. Any unused portion of the deposit is returned to borrower.
Fees which are mandatory for all new borrower clients
- Deposit
Fees which are paid to a third party company
- Appraisal Fee
- Environmental Report Fee
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iBorrow provides non-recourse loans on all commercial real estate property types to borrowers who are looking for a fast, flexible, and reliable financing option. We focus on typically focus on transitional assets with a value-add component.
Office Locations
12100 Wilshire Boulevard, Suite 520, Los Angeles, California 90025Our Team
Will McCabe
Vice President of Originations
CA DRE - 01924448
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