Business Details
23 Years
experience
Trusted Commercial Mortgage Loan Solutions
Innovative Capital Advisors was established in 2003 to provide investors with cost-effective access to the commercial mortgage loan market, a historically desirable asset class requiring specialized expertise. Our team, with over 100 years of combined experience, has developed a proven lending process from underwriting to ongoing management, resulting in superior default and delinquency rates. We originate loans for a group of lenders on a quarterly basis, enabling diversified portfolios across property types and states. Our conservative underwriting standards, including minimum debt service coverage ratios and yield maintenance provisions, ensure secure investments with yields exceeding traditional fixed-income alternatives. With a focus on small-balance commercial mortgages, we offer tailored solutions for insurance companies, pension funds, and high-net-worth individuals seeking low-risk exposure.Our clients benefit from monthly and annual reporting, including custodial statements and third-party appraisals, accessible through our online portal. By leveraging our established network and expertise, we eliminate barriers to entry in this market, delivering value through strategic diversification and disciplined risk management. Our leadership team brings decades of experience in asset management, mortgage investment, and structured finance, ensuring a robust framework for client success. Through continuous innovation and adherence to rigorous standards, we remain committed to delivering exceptional service and measurable results for our investors.
Services
Commercial Mortgage Loans
Loan Origination
Portfolio Diversification
Underwriting Services
Reporting Services
Asset Management
Loan Servicing
Yield Maintenance
Risk Assessment
Investment Advisory
Details
- Year established: 2003
Highlights and features
- We have over 100 years of combined experience in commercial mortgage lending and asset management.
- Our conservative underwriting standards ensure superior default and delinquency rates.
- We offer diversified portfolios across property types and 50+ states for risk mitigation.
- Our loans include 100% yield maintenance provisions for locked-in cash flows.
- We provide comprehensive monthly and annual reporting through a secure online portal.
Services
Commercial Mortgage Loans
We originate small-balance commercial mortgage loans with conservative underwriting standards, including minimum debt service coverage ratios of 1.25x and yield maintenance provisions. Loans range from $500,000 to $5,000,000 with terms of 5-15 years, targeting diversified property types like multifamily, retail, and industrial assets. Our disciplined approach ensures secure investments with net yields exceeding public market alternatives by 50-200 basis points.
Portfolio Diversification
Our quarterly loan origination model enables investors to build diversified portfolios across 50+ states and permitted property types, including multifamily, retail, office, and industrial. By spreading investments over multiple quarters, clients achieve optimal risk-adjusted returns while avoiding concentration risks. This strategy has delivered consistent performance with a 5.99% average net yield and 55.8% average loan-to-value ratios.
Underwriting Services
Our underwriting process enforces strict criteria, including minimum debt service coverage ratios, 25-year amortization limits, and prohibited property types like nursing homes or hotels. We conduct thorough financial analysis, third-party appraisals, and property inspections to ensure loan quality. This disciplined framework has produced a 1.89 debt service coverage ratio and 100% RBC rating for recent loan closings.
Reporting Services
Clients receive monthly and annual reports through our secure online portal, including custodial statements, Schedule B reports, RBC ratings, and AM Best reports. Loan-level documentation such as appraisals, rent rolls, and financial statements are also accessible. This transparency enables investors to monitor performance metrics like 244 basis points net spread to treasury and 4-7.5 year loan durations.
Asset Management
Our team manages loan servicing, asset monitoring, and investor relations for portfolios exceeding $200 billion in legacy roles. We apply decades of experience in structured finance and interest-sensitive liabilities to optimize cash flows. Services include watchlist management, financial statement analysis, and relationship coordination with major lenders and insurance companies.
People
Peter Mavrogenes
Senior Managing Director and CEO
Former Chief Investment Officer at Asset Allocation & Management Company, overseeing $11 billion in insurance assets. Specialized in structured finance since the 1980s, with expertise in MBS, ABS, and CMBS sectors.
Tony Pervan
Managing Director and CFO
CFO of Dillon Kane Group since 2018, combining finance, technology, and engineering expertise. Previously worked in chemical engineering research, software development, and real estate finance.
David Ogdon
Senior Managing Director and CIO
Former Principal at Asset Allocation & Management Co., managing $2 billion in insurance assets. Expert in complex portfolio management and Wall Street security structures.
Bob Malone
Director of Commercial Mortgage Loans
Led loan surveillance for a $200 billion portfolio at KeyBank Real Estate Capital. Specializes in underwriting, financial analysis, and investor relations with 13 years of industry experience.
Melinda Byrd
Closing Specialist
Mortgage closing expert with 20+ years of experience, including roles at Business Man's Assurance Company and ICA since 2004. Specializes in loan closings, servicing, and underwriting.
Questions
What commercial mortgage loan types do you specialize in?
We focus on small-balance loans ($500,000-$5,000,000) for multifamily, retail, office, industrial, and self-storage properties across all 50 states.
How do you ensure loan quality and minimize risk?
Our conservative underwriting requires minimum 1.25x debt service coverage ratios, 25-year amortization limits, and 100% yield maintenance provisions.
What reporting tools are available to investors?
Clients access monthly/annual Schedule B reports, RBC ratings, custodial statements, and loan-level documents like appraisals through our secure portal.
How does portfolio diversification work?
Investing across 5+ quarters allows clients to build diversified portfolios spanning property types, states, and loan sizes for optimal risk-adjusted returns.
What experience does your team bring?
Our leadership has 100+ combined years in mortgage investment, structured finance, and asset management, including roles managing $11 billion in insurance assets.
