Overview
Inland Mortgage Capital closed a $10.96 million non‑recourse bridge loan for the acquisition of a grocery‑anchored retail center in suburban Dallas. The financing provided 72% of total capitalization and included future funding for capital improvements, tenant improvements, and leasing commissions.
Property Background
The center had been owned and operated by a special servicer for several years, resulting in under‑management and weakened performance. At closing, the property was 68% occupied and required targeted capital repairs to restore competitiveness.
Business Plan
The borrower plans to implement an intensive capital improvement program and aggressively lease the remaining vacancies. Early in the process, the borrower also initiated discussions with the anchor grocer regarding a potential lease extension and store renovation, supporting long‑term stability for the center.
Conclusion
IMC’s flexible bridge financing is enabling the borrower to reposition a distressed but well‑located retail asset and unlock value through strategic upgrades and renewed leasing momentum.