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InPoint Commercial Real Estate Income Originates $12.4 Million Mortgage Loan
The DI Wire December 22, 2017InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust, has originated a $12.4 million mortgage loan for an 8-story, Class A office building and parking structure located in Honolulu, Hawaii. The REIT is advised by a subsidiary of Inland Real Estate Investment Corporation, and sub-advised by an affiliate of Sound Point Capital Management LP.
Read More >InPoint Commercial Real Estate Income, Inc. Announces Origination of $12.4 Million Mortgage Loan
Blue Vault December 18, 2017InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust sub-advised by an affiliate of Sound Point Capital Management, LP, announced today that, through its operating partnership, it originated a mortgage loan for an 8-story, class A office building and parking structure located in Honolulu, HI. The loan is comprised of a $12.4 million initial funding to refinance existing debt and a potential future funding of $2.25 million for a loan total of $14.65 million.
Read More >IPC Nets 158 Percent Return with Chicagoland Mariano’s Fresh Market Sale
The DI Wire December 18, 2017“We are pleased that the sale of the Palatine location completed our Chicagoland Fresh Market Venture DST investment program, which alsao included a Mariano’s Fresh Market in Vernon Hills, Illinois that previously sold for $36.4 million,” said Keith Lampi, president and chief operating officer of Inland Private Capital Corporation.
Read More >ADISA Announces 2018 Board of Directors
The DI Wire December 15, 2017Mariano’s Store in Palatine Sold for $29M
Daily Herald Business Ledger December 15, 2017IPC Sells Mariano’s-Occupied Retail Building in Metro Chicago for $29 Million
Shopping Center Business December 15, 2017Inland Private Capital Corporation (IPC) has sold a 71,324-square-foot retail building occupied by Mariano’s Fresh Market in Palatine, 30 miles northwest of Chicago, for $29 million. The building is fully leased to Roundy’s Supermarkets Inc. IPC arranged the sale of the property on behalf of one of its 1031 exchange investment programs. The buyer was a private investor.
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