Inland Closes $44 Million in Non-Recourse Bridge Loans in Q2 2026
The lender’s latest closings skew toward refinancings of Chicago-area assets, with only the Paramount industrial deal representing new acquisition financing.
September 17, 2026
OAK BROOK, Ill. (September 17, 2026) – Inland Mortgage Capital, LLC (“IMC”), a member company of The Inland Real Estate Group of Companies, Inc., announced that it successfully closed nearly $44 million in non-recourse, first mortgage bridge loans* across four projects in California (1), Illinois (2) and Wisconsin (1).
The transactions demonstrate IMC’s continued focus on experienced sponsors seeking flexible non-recourse bridge financing for well-located transitional assets.
The four projects closed in just three months between May, June and July 2026 and included:
- $6,200,000 non-recourse acquisition loan for a 44,000-square-foot shallow bay industrial project in Paramount, California;
- $9,605,000 non-recourse loan refinancing of a 32,000-square-foot collection of buildings in the Lincoln Park neighborhood of Chicago;
- $16,500,000 non-recourse loan refinancing for a three-story, mixed-use property in downtown Naperville, Illinois, consisting of retail and office; and
- $11,500,000 non-recourse refinance loan for a hotel conversion to multifamily use in Madison, Wisconsin.
“We were pleased to close nearly $44 million in only two months for these various Borrowers,” said Art Rendak, president of Inland Mortgage Capital, LLC. “These transactions reflect our confidence in financing well-located properties in vibrant, fast-growing markets with Borrowers who exhibited deep expertise and compelling business plans.”
Since IMC’s inception in 2003, it has originated more than $1 billion in non-recourse first mortgage bridge loans nationwide in a variety of asset classes including multifamily, hospitality, industrial, self-storage, student housing, office, mixed-use, and retail.
IMC is a private lender that provides non-recourse first mortgage financing for commercial real estate nationwide, concentrating on projects with loan sizes from $5 to $20 million. IMC’s lending program is generally freely prepayable at any time, providing excellent flexibility for its Borrowers and offers creative and flexible structuring for value-add properties.
About The Inland Real Estate Group of Companies, Inc.
Founded in 1968 by four Chicago public school teachers, The Inland Real Estate Group of Companies, Inc. (“Inland”) is one of the nation’s largest vertically integrated commercial real estate investment, finance, development and operating groups. For nearly six decades, Inland member companies have supported our investment, development, and finance products through an end-to-end suite of commercial real estate services spanning acquisitions, asset management, property management, and operations. For more information about Inland and its member companies, please visit www.inlandgroup.com.
*“Inland” refers to some or all of the entities that are or were a part of The Inland Real Estate Group of Companies, Inc., which is comprised of a group of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof.
About Inland Mortgage Capital, LLC
Inland Mortgage Capital, LLC (“IMC”) is a member company of The Inland Real Estate Group of Companies, Inc. (“Inland”). Founded in 1968 by four Chicago public school teachers, Inland is one of the nation’s largest vertically integrated commercial real estate investment, finance, development and operating groups. For nearly six decades, Inland member companies have supported our investment, development, and finance products through an end-to-end suite of commercial real estate services spanning acquisitions, asset management, property management, and operations.
IMC is an experienced private lender specializing in intermediate-term mortgage financing for value-add commercial real estate projects requiring bridge capital. We provide non-recourse loans* targeted for projects with opportunistic characteristics. For more information, please visit www.inlandmtg.com.*Except for industry-standard carve-out liability for certain acts (“Bad Boy Acts”) of the borrower.
