iBorrow and LK Asset Advisors bringing "Best-In-Class" multifamily property to Oklahoma City
Originally built in 1989, the former 219-room hotel will undergo a full renovation to include 24-hour fitness center, resort-style pool with commercial grills, and various other amazing amenities to accommodate residents needs.
NASHVILLE, Tenn., Oct. 1, 2021 /PRNewswire-PRWeb/ -- iBorrow, a nationwide commercial real estate finance and development company, announces the multimillion-dollar renovation of the formally known "Crowne Plaza" to "Highland Tower," a five-star multifamily community in the heart of Oklahoma City. LK Asset Advisors, an asset and construction management firm, is currently overseeing the transformation.
Originally built in 1989, the former 219-room hotel will undergo a full renovation to include 24-hour fitness center, resort-style pool with commercial grills, and various other amazing amenities to accommodate residents. The property is well-located and offers numerous benefits to its residents as it is 5.3 miles from Oklahoma State University, 0.8 miles from Integris Health, and 7.3 miles from downtown Oklahoma. The ever-expanding Oklahoma City economy and strong in market occupancy were key factors in redeveloping the property into multifamily use.
Harlan Peltz, iBorrow Co-Executive Chairman, said "We are looking forward to investing in Oklahoma City, and we believe the property will be a great addition to the already thriving multifamily community. We hope to begin construction within 60 days, with plans to unveil in summer 2022!"
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About iBorrow
iBorrow is a nationwide direct lender that provides short-term bridge financing to commercial and multi-family property owners at fixed interest rates on a non-recourse basis. iBorrow lends on all property types nationwide. Visit our website at http://www.iBorrow.com for more information about our loan program.
About LK Asset Advisors
LK Asset Advisors is a nationwide asset advisory company based in Nashville, Tennessee that provides construction management and developer support services for lenders and owners of commercial real estate property of various asset types and classes, with 47 assets under management throughout the United States and over $600 Million in assets. Visit our website at http://www.lkassetadvisors.com to discuss our services with one of our team members today.
Media Contact
EDWIN W. LESLIE-KUBAT, LK Asset Advisors, +1 615-622-8900 Ext: 102, [email protected]
SOURCE LK Asset Advisors
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