ICONIC Property Partners Secures $25.78 Million Bridge Loan From Forman Capital For Office Complex In Carmel

The property asset involved in this transaction is a 242,481-square-foot office complex located at 11595 and 11555 North Meridian Street in Carmel, Indiana. The transaction includes a bridge loan amounting to $25,780,000 for the refinancing of the 87%-leased asset owned by ICONIC Property Partners.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,780,000
• Loan Type: Bridge
• Lender: Brett Forman, Scott Mehlman & Ty Regnier - Forman Capital
• Landlord: ICONIC Property Partners
• Broker: Daniel Rosenberg - BWE

This transaction features key engagement from Forman Capital, which closed the loan, and the financing was notably arranged by Daniel Rosenberg of BWE, supporting the recently renovated property complex.