Tuesday, January 31, 2023

iBorrow and Oaktree expand their commercial real estate program

 

Andrew Smith

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.

Brian Laibow

"During this volatile period in the capital markets, renewing our longstanding relationship with Encina and Webster Bank is a very important step in the continued growth of iBorrow," says Andrew Smith, Partner at iBorrow.

"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.”

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

The Smart Agency, Inc.

(949) 438-6262
khaga@thesmartagency.com

 

www.websterbank.com.

https://lenderfinance.encinacapital.com.

http://www.oaktreecapital.com/.

www.iBorrow.com 

 

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