INDIANAPOLIS—Amerimar Enterprises now has a little more breathing room as it works on leasing one of this city's more notable buildings. Iron Hound Management Company, LLC, a real estate advisor which specializes in commercial loan restructuring, has negotiated and restructured a $45-million securitized loan on behalf of New York-based Amerimar on 101 West Ohio Street, according to Robert Verrone, a principal of Iron Hound.
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 in the city's downtown 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,” says 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, company officials say Iron Hound has completed over $10 billion in transactions since its inception and currently has over 30 assignments totaling more than $2 billion.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
