40/86 Mortgage Capital Plans $1 Billion Investment in Commercial Mortgage Loans over the Next Three Years.Business Editors In the company name 40|86 noted in this news release, there is a pipe symbol between 40 and 86. This symbol may not appear properly in some systems. CARMEL, Ind.--(BUSINESS WIRE)--Feb. 2, 2004 40|86 Mortgage Capital, Inc., the commercial mortgage lending and servicing arm of leading fixed-income investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and 40|86 Advisors, Inc. announced today that it plans to invest $1 billion (on behalf of its affiliated insurance clients) over the next three years through the firm's fixed-rate commercial mortgage loans, credit tenant lease A credit tenant lease is a method of financing real estate. The landlord borrows money to finance the property and pledges as security the rents to be received from the tenant. mortgage loans and construction permanent mortgage loans. "We are highly focused on increasing our portfolio of real estate assets," said Wayne R. Nelis, Vice President of 40|86 Mortgage Capital, Inc. "With our available capital, customer-focus and ability to move quickly and decisively to seize commercial real estate loan opportunities, we believe that 40|86 can be the financier of choice across a range of properties from office to industrial, to retail, to self-storage and multifamily." "40|86 has a strong track record of performance as a commercial mortgage loan originator, servicer and investor," said Eric Johnson
Eric Johnson (born August 17, 1954) is a guitarist and recording artist from Austin, Texas. , President of 40|86 Advisors. "Furthering our investment in the commercial mortgage loan market makes tremendous sense as we look at putting our capital to work in a conservative manner, diversifying our exposure and generating consistent returns for our investors. Wayne and his team have the experience, approach and market focus to identify investment opportunities and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. them." Over the past 10 years, 40|86 Mortgage Capital has invested nearly $2.5 billion in commercial mortgage loans and currently services a portfolio of $1.5 billion. 40|86 Advisors, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Conseco, Inc. (NYSE NYSE See: New York Stock Exchange : CNO CNO abbr. chief of naval operations ). Based in Carmel, Indiana, the firm is a leading fixed income investment advisor with over $26 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The firm serves a wide variety of institutional clients, including Taft-Hartley plans, foundations, endowments, insurance companies, public funds, corporate pensions, religious organizations, healthcare organizations, educational institutions, structured products and mutual funds. Visit 40|86 Advisors at www.4086.com. Further information regarding financing commercial mortgage loans can be obtained by contacting Mark Burton at (317) 817-4806 or by visiting www.4086mortgage.com. |
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