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Inland Mortgage’s Small-Balance Program Hits $200M
Inland Mortgage Capital’s small-balance, non-recourse bridge program has reached $200 million in closed loans. The Oak Brook, IL-based lender has funded projects across 16 states through the program, with loan balances generally between $3 million and $15 million.
“The demand for small-balance, non-recourse financing has been on the rise and we are capitalizing on the opportunity,” said Art Rendak, president of IMC. “Inland Mortgage Capital has proven that there is a sustainable need for private debt capital for smaller commercial real estate projects, and we continue to look for new loan opportunities to increase our portfolio.”
IMC launched the small-balance program in 2015. The projects funded through the program have run the gamut of traditional asset classes including multifamily, industrial and retail, as well as student housing projects and self-storage facilities.
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