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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. 46th St. and 369 Lexington Ave. for sponsors Joe Stavrach/Faraj Srour. The 17-story tower at 46th 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.

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