Press Release: Refinancing for Holiday Inn Executive Center in Columbia, MO
Experts Advise Executive Affiliates in Placement of New $15.1 Million Loan
(COLUMBIA, MO – NOVEMBER 6, 2013) - Iron Hound Management Company, LLC, a real estate investment company specializing in commercial debt and equity transactions and commercial loan restructuring, recently advised Executive Affiliates in paying off the existing securitized debt and providing $15.1 million in refinancing with Starwood Mortgage Capital for the Holiday Inn Executive Center in Columbia, MO. The announcement was made by Robert Verrone, principal of Iron Hound Management Company.
The Holiday Inn Select Executive Center is a 310-room full service hotel built in 1974 and last renovated in 1996, located in Columbia, MO off I-70 adjacent to the Columbia Mall. Downtown Columbia is three miles south and the University of Missouri and is four miles south of the hotel.
“Iron Hound’s expertise and guidance was invaluable in helping us arrange refinancing for the property,” said Jeff Ratzer, Vice President of Executive Capital Corporation. “Robert Verrone and the team at Iron Hound have been trusted advisors to us for a long time.”
Founded in early 2009, Iron Hound Management has completed nearly $10 billion in transactions since its inception and is actively engaged on over 30 assignments totaling more than $2 billion.