Press Release: Restructuring $45M loan for 101 West Ohio Street in Indianapolis, IN
Company Strongly Committed to Providing Midwest Community With Creative Capital Solutions
(INDIANAPOLIS, IN – OCTOBER 2, 2013) - Iron Hound Management Company, LLC, a real estate advisor specializing in commercial loan restructuring, has negotiated and restructured a $45-million securitized loan on behalf of Amerimar Enterprises on 101 West Ohio Street in Indianapolis, IN. The announcement was made by Robert Verrone, principal of Iron Hound Management Company.
Iron Hound restructured the loan with CW Capital Asset Management. The loan modification consisted of debt subordination in the form of an A/B note on the 22-story, 338,000-square-foot, Class-A office tower located in downtown Indianapolis on the southwest corner of Ohio and Illinois streets.
“Iron Hound’s expertise was invaluable in helping us navigate the complex and difficult task of restructuring securitized debt,” said Gerald Marshall, President and CEO of Amerimar Enterprises. “Their knowledge, contacts and professionalism have allowed us to recapitalize the asset and concentrate our efforts on an aggressive leasing campaign.”
Founded in early 2009, Iron Hound Management has completed over $10 billion in transactions since its inception and is actively engaged on over 30 assignments totaling more than $2 billion.