Newsletters

Iron Hound Finishes Over $400M In Financing

NEW YORK CITY-The real estate investment firm completed loan modifications and refinancings on a Manhattan property and an industrial complex in Brooklyn.

By Rayna Katz | Updated on September 26, 2013

NEW YORK CITY-Iron Hound Management Co., announced it has completed over $400 million in loan modifications and refinancing on two New York-based properties.

Iron Hound, which recently expanded its reach on the brokerage side to include loan debt and equity placement, structured the payoff of the $106 million defaulted securitized loan and the placement of new debt with Starwood Capital on 2 W. 46^th St. and 369 Lexington Ave. for sponsors Joe Stavrach/Faraj Srour. The 17-story tower at 46^th street houses 150,000 square feet of office space and 17,000 square feet of retail, while the 28-story tower at 369 Lexington boasts 108,000 square feet of office space and 20,000 square feet of retail.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

This comprehensive eBook uncovers AI's best-kept-secret - clean, trusted, visible, and validated data. Download now to learn why real estate organizations need to build a solid data foundation to differentiate themselves and reap the rewards of AI.

eBook

Sponsored by Cherre

Whoever Wins Data, Wins AI

This comprehensive eBook uncovers AI's best-kept-secret - clean, trusted, visible, and validated data. Download now to learn why real estate organizations need to build a solid data foundation to differentiate themselves and reap the rewards of AI.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.