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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.”
- ◦Financing

