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iBorrow Provides $13 Million Loan for Senior Housing Facility in Colton, California

LOS ANGELES— iBorrow, a nationwide private direct lender for commercial real estate, has provided a $13 million loan secured by a 103-bed 65,424 square foot senior living facility in Colton, California.  The facility, which will open soon, is located 60 miles East of Los Angeles and will provide a low cost option for seniors in the populous adjacent Los Angeles, Orange and San Diego counties

“The growing local demographics and significant demand for senior living facilities support the need for this project,” said iBorrow CEO, Brian Good. “Also, we believe the borrower’s history as an accomplished operator will contribute to the success of this property.”

Funding in as few as 14 days

iBorrow closes deals quickly and reliably within 2-4 weeks. Contact us to learn more or apply today!

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