Inland Mortgage Capital, LLC has appointed two industry veterans to the company’s senior management team.
Daniel Schmitz has been appointed vice president of loan origination, and Kenneth Schutter has been named senior vice president-credit director. Both Schmitz and Schutter will oversee Inland Mortgage Capital’s Real Estate Venture Capital Program (REVCAP), a new bridge lending platform which aims to provide loans for value-added commercial real estate properties in need of intermediate financing.
In his role, Schmitz will be responsible for helping to market the REVCAP lending program, which allows borrowers looking for financing of up to $12 million to gain access to non-recourse loans to fund opportunistic projects.
Schutter will be responsible for streamlining the lending process for the REVCAP program. His team will assist borrowers in obtaining intermediate-term mortgages with flexible prepayment structures for properties in need of bridge financing, with loan amounts starting at $3 million.
