IP Innovations Financial Services, a start-up guarantor of loans secured by intellectual property, recently closed its first deal, wrapping a small term loan (less than $10 million) to ATD Corp. for the benefit of lender GMAC Commercial Finance.

The transaction is a potential windfall for IPI, as it represents a vote of confidence from a top tier lender. In a prepared statement, Douglas Monda of GMAC Commercial Finance said, "IPI's credit enhancement was a key to completing this transaction. Their ability to assess intellectual property value and risk provided us with a significant comfort level."

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