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Ironwood Realty Capital is a highly specialized firm focusing on the acquisition of and investment in underperforming commercial real estate assets. Our resourceful team employs a variety of calculated strategies in the procurement and repositioning of high-quality opportunities.
innovative approach
With a range of solutions targeting the various causes and characteristics of underperformance in commercial real estate, Ironwood offers an innovative yet practical approach to benefit property owners, investors, and lenders alike.
solutions
Acquisitions
Asset Based Lending
JV Capital
Loan Restructuring
Mendy Pollack
Mendy Pollack
Principal
Since his entry into the commercial real estate industry in 2002, Mr. Pollack has been involved in the financing and acquisition of over a billion dollars ’worth of fee simple real estate and non-performing debt. He began his career working for a large New York based mortgage brokerage firm; over time, utilizing his uniquely creative mind, he developed a knack for sourcing and structuring highly profitable distressed and value add opportunities for his clients, including private lending, third party brokerage of off market deals, and the sale of NPL & REO.
At the onset of the financial crisis in 2008, he recognized an opportunity to take advantage of his invaluable experience in the mortgage business and began consulting on behalf of borrowers struggling with loan delinquency due to the crisis. Over the next three years, Mr. Pollack successfully resolved over $100 million in small balance CMBS and private debt. In 2012, he, began acquiring non-performing and scratch-and-dent commercial loans as well as value-add commercial real estate. Since then, Mendy has become the go-to address for distressed debt opportunities and has consistently delivered returns well above industry standard.
Drawing on his extensive knowledge of commercial real estate and networking abilities, as well as his creative, out-of-the-box style of thinking, Mr. Pollack drives and administers all acquisition and disposition activities and is intimately involved in all major asset management decisions and strategies.
investment specialties
The Ironwood approach is innovative and strategic, developed through skilled practice and designed to maximize value to all involved parties.
01
Value Add
Specializing in the acquisition of underperforming assets due to various factors such as deferred maintenance and physical or financial mismanagement
02
Rescue Capital
Providing non-bank capital to relieve properties facing foreclosure, bankruptcy, and similar financial duress
03
Debt Acquisition
Actively purchasing secondary market real estate debt at all stages of performance.
Situations Considered
Bankruptcy
Below-market Rent
Budget Overruns
Debt Service Shortfall
Unfavorable Financing Terms
Deferred Maintenance
Environmental Issues
Vacancy
Asset Classes
Our expertise extends to distressed and underperforming commercial properties of all classes, including: