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Loans
Carmel auto-dealer lender plans to add 169 workers
March 4, 2013
J.K. WallCarmel-based NextGear Capital plans to add 169 jobs at a new office in Carmel, the company announced Monday morning.
MoreLocal housing projects get $3.4M boost from tax credits
March 1, 2013
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using
sites such as Fort Harrison and the former Central State grounds.
MoreRenamed Carmel financing firm planning big growth
February 1, 2013
Dealer Services Corp. in Carmel has begun operating as NextGear Capital after being acquired by Atlanta-based Manheim Inc.
NextGear plans to relocate in the next month and double its employment, to 450, in the next year.
MoreITT suffers tough quarter on enrollment drop, loan losses
January 24, 2013
J.K. WallITT Educational Services Inc. shares swooned Thursday morning after the private educator reported sinking revenue and a $9.5
million loss in the fourth quarter. But the stock rebounded strongly later Thursday.
MoreMicrolenders aim to help businesses grow, survive
January 5, 2013
Andrea Muirragui DavisIndiana has three certified, not-for-profit SBA microloan intermediaries, which not only make short-term microloans—as
any lender can—but also use the SBA grants they receive to offer business coaching along with the financing.
MoreWomen’s physician building targeted for foreclosure
December 21, 2012
A lawsuit from the lender claims that Women's Physician Group still owes $8.7 million on a $9 million loan it received for
a northwest-side building.
MoreSimon’s Rushmore Mall loan sent to servicer, Fitch says
December 12, 2012
Bloomberg NewsA loan with a balance of $94 million on a South Dakota shopping center owned by Simon Property Group was sent to a special
servicer because default is imminent, Fitch Ratings said.
MoreChurch's fate in judge's hands after insurance scheme sours
November 28, 2012
Cory SchoutenA federal judge will determine whether an Anderson church can exit bankruptcy with a lighter debt load, over objections from
its bank lender, after a church scheme to profit by selling life insurance on its elderly members failed.
MoreLocal designer’s bankruptcy tied to Fair Finance
November 28, 2012
Scott OlsonSC Design Inc. lists debt of $1.5 million. Most of it is owed to Fair Finance, formerly co-owned by convicted fraudster Tim
Durham, through a claim filed by a trustee seeking to recover investor funds.
MoreIndianapolis receives $39M loan guarantee from HUD
November 20, 2012
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development
and housing rehabilitation initiatives to benefit people of low and moderate incomes.
MoreCarmel council approves refinancing package
November 19, 2012
IBJ StaffCarmel’s City Council on Monday night voted 7-0 to approve a proposal to refinance $195 million in debt incurred by
the Carmel Redevelopment Commission.
MoreTwo Indianapolis office buildings in foreclosure
November 5, 2012
Scott OlsonThe buildings on the northwest side of the city total nearly 200,000 square feet and are owned by an affiliate of a company
that operates 12 cemeteries and four funeral homes throughout Indiana.
MoreIndianapolis accounting firm settles with Fair Finance trustee
November 1, 2012
Kathleen McLaughlinSomerset CPAs PC will pay $500,000 to settle litigation brought by the bankruptcy trustee of Fair Finance Co., the Ohio-based
firm that convicted financier Tim Durham used to conduct a major Ponzi scheme.
MoreReport tallies local government debt loads
October 27, 2012
Kathleen McLaughlinA new reporting requirement on local governments gives taxpayers unprecedented access to debt information, but the data is
also likely to raise many questions.
MoreU.S. sues Bank of America for $1B-plus in mortgage fraud
October 24, 2012
Associated PressThe top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against
Fannie Mae and Freddie Mac during the years around the financial crisis.
MoreState going after underwriter of $5M Estridge offering
October 20, 2012
Greg AndrewsThe regulatory action is an outgrowth of a falling-out between Indiana Securities owner Frank Neese and Bank of Indiana, which
lost its entire $1 million investment when The Estridge Cos. collapsed.
MoreLawmakers question Abound loan, citing quality issues
October 11, 2012
Bloomberg NewsHouse Republicans want more information about a $400 million loan guarantee from the U.S. Energy Department to Abound Solar
Inc., citing reports that significant “technological difficulties” with the company’s solar panels were
known before the aid was approved.
MoreCreditor could take ownership of downtown Comfort Suites
October 5, 2012
Scott OlsonThe owner of the hotel, an affiliate of Dora Brothers Hospitality Corp. in Fishers, filed for Chapter 11 bankruptcy in February.
German American Capital Corp., which is owed $12 million, could own the property by the end of the year.
MoreReceiver appointed to manage troubled Century Building
October 1, 2012
Scott OlsonA Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is
facing foreclosure. A lender to the building's owner claims it is owed $10.5 million.
MoreNotices going to those eligible for mortgage settlement
September 25, 2012
Associated PressMore than 37,000 Indiana borrowers who lost homes to foreclosure soon will receive claim forms for payments under the national
mortgage settlement.
MoreBasketball legend Robertson target of bank’s lawsuit
September 19, 2012
Scott OlsonOscar Robertson's money troubles in Ohio have been well documented lately. But in his hometown of Indianapolis, he's trying
to convince a judge that he's not responsible for a $203,000 bank loan.
MoreCNO stock hits 4-year high on recapitalization strategy
September 5, 2012
Bloomberg NewsCarmel-based insurer CNO Financial Group Inc. said Tuesday that it is seeking $950 million of loans and bonds to repay debt
and reduce borrowing costs.
MoreAllison Transmission sets rate on $500 million loan
August 9, 2012
Bloomberg NewsAllison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate
it will pay on a $500 million term loan the company is seeking to refinance debt.
MoreCentre Properties retail center hit with $7M foreclosure suit
August 9, 2012
Scott OlsonIndianapolis-based developer Centre Properties is the target of another foreclosure suit, this one involving Pyramid Place
Shoppes, a retail center in a busy shopping area on the city's northwest side.
MoreUSA Funds CEO announces retirement
August 7, 2012
Carl C. Dalstrom says he will leave the student-loan guarantor on June 30, 2013. He has led the locally based not-for-profit
since July 2000.
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RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.
Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?
Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.