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Florida & Gulf Coast  + South Florida  + Apartments  | 
Nationwide private direct lender iBorrow has closed a $41.6 million loan to refinance a portfolio of five properties in Palm Beach

iBorrow Continues Push into Florida with $42M Refi

Nationwide private direct lender iBorrow has closed a $41.6 million loan to refinance a portfolio of five properties in Palm Beach. The portfolio consists of two multifamily properties, a luxury single-family home and two additional single-family homes, totaling 32,636 square feet.

The multifamily properties include 16 and 12 units, respectively. The luxury single-family residence in the portfolio totals approximately 9,122 square feet and includes six bedrooms, seven and a half bathrooms, a swimming pool, and a private dock with lake access.

“This $41.6 million refinancing in a highly desirable market provides a powerful demonstration of two of the key pillars of iBorrow’s value proposition: flexibility and speed,” says Andy Peltz, co-executive chairman of iBorrow. “Florida is and will continue to be a big part of our overall lending strategy as we believe in the fundamentals and growth of the state’s real estate market.”

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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