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National  + Pennsylvania  + Student Housing  | 
iBorrow provided a $52-million loan for student housing serving students of Temple University in Philadelphia

iBorrow Lends $52m on Temple U. Student Housing 

Direct lender iBorrow has provided a $52-million loan secured by The Edge Student Village, a 798-bed, 12-story building in Philadelphia. The property provides housing for students of Temple University, one of the state’s premier public research universities and the third-largest provider of professional education in the country.  

The financing will support significant upgrades to the property, strategically positioning the community to attract student residents as campus life continues to normalize following the pandemic, said Brian Good, CEO of iBorrow. 

“Student housing has proven its resilience as it remains an essential aspect of university life, providing students with the opportunity to connect with their peers and utilize campus resources in ways that might not otherwise be possible,” Good said. “The borrower’s strategic upgrades to The Edge to enhance curb appeal will drive up resident demand, resulting in a substantial increase in net operating income.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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