LOS ANGELES, CA — iBorrow LP, a national private commercial real estate lender, today announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance and Sterling National Bank, and a direct investment provided by certain investment funds managed by Oaktree Capital Management, L.P. (“Oaktree”) through certain subsidiaries. iBorrow provides bridge loans to qualified real estate investors active in the commercial real estate marketplace. iBorrow is led by partners Brian Good, Andy Peltz, Harlan Peltz and Andy Smith. “Forging a relationship with Encina, Sterling National Bank and Oaktree is a very important step in the growth of iBorrow” said iBorrow CEO Brian Good. “The investment capital will be utilized to expand our loan book across the United States at a time when we feel there will be heightened demand for real estate financing solutions.”
iBorrow has been providing commercial real estate loans to investors and developers since 2013. iBorrow focuses on non-recourse real estate loans in the $3-$30mm size range to borrowers that have deep expertise in the purchase, renovation and sale/refinance of commercial real estate assets. iBorrow will continue to operate its fully-integrated, specialty lending platform, with plans to grow its lending book significantly in 2021 across the US.
Luke Graham, CEO of Encina Lender Finance, said, “We have enjoyed working with Sterling National Bank to structure and document the credit facility for iBorrow. Our facility was designed to support the operational and growth objectives of the seasoned management team at iBorrow.”
About iBorrow:
iBorrow is a private nationwide lender focused on commercial real estate transactions. Headquartered in Los Angeles, with offices in New York, Miami, Washington, DC, Denver, and Austin, iBorrow provides loans from $3 to $30 million, at a fixed rate, on a non-recourse basis to all property types including multi-family, office, industrial, retail, mixed use, senior living and hospitality. iBorrow originates and services each loan on its platform. For additional information, please visit iBorrow’s website at http://www.iborrow.com
