Forman Capital Provides $25.78 Million Bridge Loan for Office Complex in Indianapolis MSA

Forman Capital Provides $26M Loan for Indianapolis-Area Office Complex

Forman Capital closed a $25.78 million bridge loan for Penn Mark I & II, a two-building complex with 242,481 square feet of combined office space located in Carmel, Indiana, within the Indianapolis MSA. The loan supports borrower ICONIC Property Partners in refinancing the recently renovated office property located at 11595 & 11555 N. Meridian St. The two-building complex is currently 87% leased, benefiting from its location in the affluent and …

Forman Capital Provides $25.78 Million Bridge Loan for Office Complex in Indianapolis MSA

Penn Mark I & II feature 242,481 square feet of combined office space Forman Capital, a leading private direct commercial real estate lender, closed a $25.78 million bridge loan for Penn Mark I & II, a two-building complex with 242,481 square feet of combined office space located in Carmel, Indiana, within the Indianapolis MSA. The transaction closed on Feb. 23. The loan supports borrower ICONIC Property Partners in refinancing the recently reno…