PRESS ROOMNEWS RELEASE
Inland Mortgage Capital, LLC Announces Closing of More Than $155 Million in Loans
Sally BlakeInland Marketing & Communications, Inc.
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”), a private lender specializing in intermediate-term mortgages for value-added commercial real estate in need of bridge financing, today announced it closed on more than $155 million in loans since 2015.
These loans funded projects across 14 states in a variety of commercial real estate sectors including retail, multifamily, industrial, self-storage and office. Of the more than $155 million in loans, $72.6 million was for retail, $39.4 million for multifamily, $22 million for industrial, $13.4 million for self-storage and $8.3 million for office.
“We are very pleased with our accumulative loan totals, and have a steady pipeline in applications,” said Art Rendak, president of Inland Mortgage Capital. “We have originated approximately 23 loans in this two year period and hope to double production in 2017 with $100 million of new deals. We continue to seek similar small-balance loan opportunities to increase our portfolio.”
Inland Mortgage Capital provides non-recourse bridge loans in amounts of $3 to $12 million that are used for value-added projects.
About Inland Mortgage Capital, LLC
Inland Mortgage Capital, LLC is an experienced private lender specializing in intermediate-term mortgages for value-added commercial real estate in need of bridge financing. We provide non-recourse loans targeted for projects with opportunistic characteristics. For more information, please visit www.inlandmtg.com.