Earning a spot on Real Estate Finance & Investments 2017 Awards list, iBorrow received the award for “Fund of the Year – Niche Strategy.” The objective and strategy of the iBorrow fund is to fill the void created by traditional banks’ reticence or inability to provide certain types of lending to certain types of borrowers, by providing first trust deed loans collateralized by bank-worthy commercial real estate.
Following the 2008 U.S. financial crisis, regulations and changes to business practices among traditional lending institutions greatly impacted lending, both from the lender and borrower’s perspective. Banks can no longer lend against real estate collateral as freely, and they can no longer expect to make the same margins. As a result, many commercial transactions that would have been approved are now being rejected.
Real Estate Finance & Investment Awards recognize and reward real estate finance professionals that have demonstrated exceptional performance and innovation over the past 12 months.