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iBorrow and LK Asset Advisors to convert Lafayette, Louisiana Hotel into “Best-in-Class” multifamily property

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LAFAYETTE, La., Sept. 14, 2021 /PRNewswire-PRWeb/ — iBorrow, a nationwide commercial real estate finance and development company, today announces the multimillion-dollar renovation of the property formally known as “Wyndham Garden Lafayette Hotel” into “Highland Village,” a five-star multifamily community in the heart of Lafayette. LK Asset Advisors, an asset and construction management firm, is overseeing the project conversion, with a planned opening in Spring 2022.

Highland Village is well-located on W. Pinhook Rd, only 3 miles from historic Downtown Lafayette, 2.7 miles from Lafayette Regional Airport and 1.5 miles from the University of Louisiana at Lafayette. The property is perfectly suited to a multifamily conversion, and will lend support to Lafayette's booming population growth. With over 18,000 square feet of residential and retail space, Highland Village will offer an array of high-end amenities including a restaurant, resort-style pool and garden.

Harlan Peltz, iBorrow Co-Executive Chairman, said, “The vision for Highland Village is to deliver an exciting residential community that meets the lifestyle needs and expectations of Lafayette's ever-changing population. Lafayette's pro-business environment, high quality workforce, and high in-market rental occupancy were critical to our decision to transform this property and build in Lafayette. We are extremely excited to introduce Highland Village and to become a part of the amazing community that is Lafayette, LA.”

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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 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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