Citizens Financial Bank is seeking to foreclose on a medical office building on the south side of Indianapolis, claiming
it is owed $4.1 million on a loan dating from 2002.
The Munster-based bank filed the lawsuit against Park Point Investment Co. in Marion Superior Court on May 9 and is asking
a judge to appoint a receiver to oversee the building’s operations.
The building is located on East County Line Road near Community Hospital South. It houses several physician offices, in addition
to the hospital’s Rehab & Sports Medicine Center.
Citizens claims in its suit that it loaned $4.6 million to Park Point in December 2002, with the entire principal coming
due Dec. 31, 2011.
Park Point defendents listed in the suit include Larry S. Browning and Ronald J. Bowden, who are principals in Shelbyville
real estate firm Evergreen Investment Corp.
- Home
- NEWS
- REGIONAL
- THIS WEEK'S PAPER
- BLOGS
- Multimedia
- OPINION
- A&E
- LISTS
- PEOPLE
- EVENTS
- Classifieds
- Subscribe
IBJNews
South-side medical office building in foreclosure
IBJ Staff
May 18, 2012
Sponsored by
ADVERTISEMENT
on Facebook & Twitter
on Facebook & Twitter
 Follow IBJ's Tweets on these topics: |
||
| @IBJNews | @Propertylines | @IBJTheScore |
| @IBJArts | @IBJHealthcare | @IBJDining |
| @IBJLists | @IBJSmallbiz | |
-
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.
ADVERTISEMENT
Back to TopCopyright © All Rights Reserved. Privacy Policy | Terms of Use.
Design, CMS, Hosting & Web Development :: ePublishing.
Additional Hosting & Delivery by
IBJ Conversations
0 Comments
Add Comment