Loan guarantor IP Innovations Financial Services's latest deal supporting a trademark-based loan to Wise Foods underwritten by GMAC Commercial Finance may be an indication of the growing acceptance of intellectual property as a viable, albeit intangible, asset class.

Under the arrangement, IPI provides credit enhancement on a $7 million IP-based term loan as part of a larger five-year $43 million facility administered by GMAC. IPI's enhancement has a first priority perfected security interest in all of Wise's IP, including its trademarked brand names, present and future, through the course of the loan.

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