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| Andrew Smith |
- Los Angeles, CA – iBorrow, a nationwide private direct lender for commercial real estate, announced the expansion of its partnership with funds managed by Oaktree Capital Management L.P. (“Oaktree”), and the renewal of its senior credit facility through Encina Lender Finance (“Encina”) and Webster Bank (“Webster”).
iBorrow has been providing commercial real
estate bridge loans to investors and developers since 2013, and has been
partnering with Oaktree since 2021.
The firm focuses on non-recourse real
estate loans in the $3 million to $100+ million size range for borrowers that
have deep expertise in the acquisition, renovation, and sale/refinance of
commercial real estate assets.
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| Brian Laibow |
"Access to this renewed credit facility will enable iBorrow, in partnership with Oaktree, to pursue additional financing opportunities for real estate investors across the United States and grow our loan portfolio at a time when there is heightened demand for private financing programs like ours.”
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| Edward Chang |
Brian Laibow, Managing Director and Co-Head of North America for Oaktree's Global Opportunities strategy, adds, “We are pleased with the renewal of the senior credit facility provided by Encina Lender Finance and Webster Bank, and look forward to continuing to grow our financing relationship with iBorrow.”
Edward Chang, CEO of Encina
Lender Finance, said, “Encina and Webster are grateful to renew this credit
facility. We are proud to support iBorrow, who has been a pillar for funding
its customers throughout market volatility.”
Contacts:
Katie Haga
(949) 438-6262
khaga@thesmartagency.com
https://lenderfinance.encinacapital.com.
http://www.oaktreecapital.com/.
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