Los Angeles, CA — iBorrow, a direct lender of private money loans for commercial real estate, is pleased to announce the opening of its Seattle and Dallas offices and the hiring of Ryan Kurth and Matt Hood, respectively as Vice Presidents of Originations, to oversee each of these offices.
According to Brian Good, iBorrow CEO, “We have made numerous loans in Seattle and throughout the Northwest as well as in the Texas/Oklahoma regions of the United States. We believe there is a significant market opportunity in these markets and that having a constant market presence is the logical next step for us. Also, we think that Ryan’s and Matt’s backgrounds, personalities, experiences and knowledge of their markets are a great fit for us.”
Mr. Kurth most recently spent his time at Wells Fargo, where he originated close to $1 billion in commercial real estate loans and helped launch a new business initiative at the bank — a startup homebuilder banking group in San Francisco. Mr. Kurth also worked for Wells Fargo’s Real Estate Merchant Bank, in Los Angeles, where he was part of a team that completed more than $5 billion worth of distressed note acquisitions, mezzanine financing and equity investments. Mr. Kurth is an alumnus of Washington State University (BA) and the University of San Diego (MSRED).
Mr. Hood most recently worked in the Real Estate Specialties Group at the Bank of the Ozarks, where he actively managed more than $300 million in total loan commitments. Previously, Mr. Hood worked for the Rainier Companies, where he managed close to 1,000 multifamily units, and over 300,000 square feet of both flex-office and retail space. Mr. Hood earned his undergraduate Cum Laude in Banking & Finance and his MBA from the University of Texas at Tyler.