KDM was organized in 2016 and is a publicly reporting company with debt securities registered at the US Securities and Exchange Commission. We were created as a subsidiary of J W Korth & Company LP, a broker dealer that is a member of FINRA and SIPC, founded in 1982 by James W Korth. However, as a result of a reorganization, wherein J W Korth's partners exchanged their partnership interests for KDM stock, KDM is now the parent company of J W Korth.
KDM was created to make commercial real estate loans funded by Notes guaranteed by those loans. We call them Mortgage Secured Notes. They are generally single asset securitizations or small groups of loans in the $5,000,000 - $50,000,000 range. Payment to the noteholders is entirely dependent on KDM receiving payment from the borrower. KDM services the loans and acts as a passthrough for the noteholders.
In the event of default, KDM will step in to become special servicer to wind up the asset for the benefit of the Noteholders. James W. Korth has been the Chief Executive Officer of KDM since its organization.
KDM was created to make commercial real estate loans funded by Notes guaranteed by those loans. We call them Mortgage Secured Notes. They are generally single asset securitizations or small groups of loans in the $5,000,000 - $50,000,000 range. Payment to the noteholders is entirely dependent on KDM receiving payment from the borrower. KDM services the loans and acts as a passthrough for the noteholders.
In the event of default, KDM will step in to become special servicer to wind up the asset for the benefit of the Noteholders. James W. Korth has been the Chief Executive Officer of KDM since its organization.
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