IMC Completes Second Canadian CMBS Transaction; Accelerates New Loan Originations

TORONTO, Aug. 30, 2012 /CNW/ - Institutional Mortgage Capital ("IMC") announces the successful completion of its second Canadian CMBS (commercial mortgage backed securities) issuance in 18 months, adding more momentum and support to this outperforming asset class.

The most recent IMC CMBS issue of approximately $240 million (Institutional Mortgage Securities, Series 2012-2) was distributed by private placement and received strong interest from investors. With this issue, IMC has now brought two Canadian CMBS transactions to market since February, 2011 for a total of $446.2 million.

					John Ho, President and CEO of IMC, commented:
					"Canadian CMBS is tried, tested and true. Investors recognize the relative value of our product and want more of it in their portfolios. At the same time, commercial mortgage borrowers like our loan products and appreciate our client service. We are accelerating our IMC loan origination program to accommodate this demand."

Canadian CMBS has performed exceptionally well. Over $24 billion of Canadian CMBS loans have been sold in the public markets since 1998 with an aggregate cumulative loss rate of less than 9 basis points (0.09%), outperforming all global CMBS markets.  IMC's capital markets professionals have been active and dominant players in the Canadian CMBS market since inception (1998) and have originated and sold more than $8.8 billion of Canadian CMBS.

IMC was established in 2009 and operates as an exempt market dealer and investment fund manager with expertise in Canadian real estate debt and related securities. It originates and services commercial mortgage loans in all Canadian provinces.

SOURCE: Institutional Mortgage Capital Canada Inc.

Contact:

Bob Fitzpatrick
416-814-2593