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Loans
Downtown apartment developers take divergent paths to financing
October 30, 2010
Cory SchoutenJ.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned
to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
MoreLender Oak Street acquired by New York firm
October 28, 2010
IBJ StaffCarmel-based insurance lender Oak Street Funding LLC announced Thursday that it has been purchased by private equity funds
managed by New York-based Angelo Gordon & Co.
MoreBanks tread water as they wait for economy to improve
October 16, 2010
Francesca JaroszBanking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery.
But in these times, recovery looks grimmer than one might expect.
MoreLEADING QUESTIONS: Regional M&I prez buzzes on banking
September 29, 2010
Mason King
Marathoner, mountain climber and career changer Reagan Rick approaches his work in finance with high energy and a lofty
perspective. He discusses the thin air in today's lending environment.
JPMorgan Chase sues to foreclose on Durham mansion
September 17, 2010
Greg AndrewsThe bank says Durham stopped making the required $18,329 monthly payments on the 30-year mortgage this spring.
MoreTim Durham closes New Castle restaurant
August 13, 2010
Greg AndrewsA sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
MoreBanker who wreaked havoc fesses up to felony charge
July 17, 2010
Greg AndrewsOverseeing a portfolio filled with deteriorating loans is downright
excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently
cracked under the pressure.
MoreAppraisers have little to go on in tough deal market
July 6, 2010
Tom HartonUntil the market stabilizes, appraisers will be operating in an environment where 20 to 50 percent drops in property values
aren’t uncommon.
MoreDeveloper facing legal action everywhere it has built condos
June 12, 2010
Cory SchoutenThree of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment
against them. It's only the tip of Page Development's financial straits.
MoreBattered banks don't see light at end of tunnel
May 29, 2010
Greg AndrewsCredit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
MoreGrameen Bank might open here, providing small loans that add up
May 29, 2010
Peter SchnitzlerBangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing
micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.
MoreNew Indiana law aims to promote safety of traditional loans
May 22, 2010
Scott OlsonA new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
MoreReport: Examiners failed to curb risky lending at Irwin Union
May 5, 2010
IBJ Staff and Bloomberg NewsThe now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
MoreA new real estate crisis could wreck recovery
April 24, 2010
Greg AndrewsBorrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
MorePNC Financial's quarterly profit falls on bailout repayment
April 22, 2010
IBJ Staff and Associated PressPNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City
name.
MoreAIG's American General unit said to be seeking $3B term loan
April 9, 2010
Bloomberg NewsBank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
MoreDealer Services Corp. has rival Adesa taking notice
August 6, 2007
Chris O'MalleyDealer Services Corp. is an example of what happens when an entrepreneur sells his company to a bigger one and then comes
back to haunt it after he is tossed aside. In this case, the spurned entrepreneur, John Fuller, became a thorn to Adesa Inc.
a few years after its CEO sent him packing in late 2001.
MoreInvoice-borrowing a growing credit option
March 26, 2007
Jennifer WhitsonBank loans and credit cards are common solutions to small businesses' cash-flow crunches, but small-business owners increasingly
have another option: using unpaid invoices as collateral to borrow money from investors.
MoreColumbia Club faces membership, financial issues
January 15, 2007
Peter SchnitzlerThe Columbia Club, the tradition-rich enclave where the city's business elite have gathered and cut deals for more than a
century, is facing declining membership, the departure of its longtime general manager, and looming financial challenges--including
a $5.5 million loan that comes due this summer.
MoreOld National slaps Durham with suit
December 11, 2006
Greg AndrewsIndianapolis entrepreneur Tim Durham has run into trouble with one of his lenders. Evansville-based Old National Bank says
in a Dec. 1 lawsuit that Durham's Indianapolis-based holding company,Obsidian Enterprises Inc., is in default on $2.6 million
in loans that came due Nov. 1.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.