Catherine L. Lynch
About Catherine L. Lynch
Catherine L. Lynch, age 66, has served as Chief Financial Officer and Treasurer of InPoint Commercial Real Estate Income, Inc. since October 2016 and remains in office as evidenced by her signature on the Company’s November 2024 Form 8‑K . She joined Inland in 1989; holds a B.S. in Accounting from Illinois State University; is a member of the Illinois CPA Society; and is registered with FINRA as a financial operations principal . InPoint’s common stock does not have an established public trading market, so TSR-based evaluation is not applicable; the advisor’s compensation is tied to total return above 7% per annum, indirectly aligning executive incentives with shareholder outcomes .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| The Inland Real Estate Group, LLC (formerly The Inland Group, Inc.) | Director | Since Jun 2012 | Governance oversight across Inland platform |
| Inland Real Estate Investment Corporation (IREIC) | CFO (since Jan 2011); Treasurer & Secretary (since Jan 1995); Director (since Apr 2011) | 1995–present | Finance leadership and corporate governance for sponsor |
| Inland Securities Corporation (Dealer Manager) | Director (since Jul 2000); CFO & Secretary (since Jun 1995) | 1995–present | Broker-dealer finance, distribution controls |
| Inland Residential Properties Trust, Inc. (IRPT) | CFO | Dec 2013–Oct 2019 | Public REIT finance leadership |
| Inland Capital Markets Group, Inc. | Treasurer | Jan 2008–Oct 2010 | Treasury and capital markets support |
| Inland Investment Advisors, Inc. | Director & Treasurer | Jun 1995–Dec 2014 | Asset management finance and governance |
| Inland Institutional Capital Partners Corporation | Director & Treasurer | May 2006–Dec 2014 | Institutional capital platform governance |
| KPMG Peat Marwick LLP | Professional staff | 1980–1989 | Foundational audit/accounting experience |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Inland Real Estate Income Trust, Inc. (IREIT) | Chairperson of the Board | Since May 2025 | Board leadership at public REIT |
| Inland Real Estate Income Trust, Inc. (IREIT) | CFO & Treasurer | Apr 2014–May 2025 | Long-tenured CFO overseeing REIT finance |
| Inland Private Capital Corporation | Director | Since May 2012 | Governance at private capital vehicle |
| IRPT Business Manager | CFO (business manager of IRPT) | Since Oct 2014 | Oversight of business manager financials |
Fixed Compensation
| Component | Company Practice | Catherine L. Lynch Specifics |
|---|---|---|
| Base salary, bonus, equity paid by Company | InPoint has no employees; executive officers are compensated by the Advisor/Sub‑Advisor or affiliates, not directly by the Company | CFO compensation is paid by the Advisor (Inland InPoint Advisor, LLC) or affiliates, not disclosed by the Company |
| Reimbursement of exec officer personnel costs | Not reimbursed by Company to the extent employees serve as executive officers (Secretary excluded from “executive officer” for reimbursement rule) | Not reimbursed for CFO role |
| Compensation Committee | No compensation committee; no CD&A provided due to absence of officer compensation | N/A |
Performance Compensation
The Company’s externally managed model ties advisor compensation to performance, which indirectly affects executive incentives.
| Metric | Target/Trigger | Payout Formula | Cap | Measurement/Payout Timing |
|---|---|---|---|---|
| Total Return per Share | >7% per annum | Advisor receives 20% of excess total return allocable to common shares | Performance component cannot exceed 15% of aggregate total return allocable to common shares for the year | Performance component calculated and paid annually; fixed component 1/12 of 1.25% of NAV paid monthly |
| NAV per Share floor | If NAV/share drops below $25, no performance fee earned on increases up to $25 for that class | Applies per share class | N/A | Annual |
Implication: As CFO, Ms. Lynch’s responsibilities around NAV, reporting, and controls intersect with performance-fee mechanics; the proxy flags potential conflicts around NAV adjustments and incentive structures under the Advisory Agreement, requiring independent director oversight .
Equity Ownership & Alignment
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Catherine L. Lynch | 600 | Less than 1% (10,117,998 shares outstanding) | Direct ownership; no options/RSUs disclosed for executives |
- Hedging policy: Inland’s insider trading policy prohibits officers/directors/employees from engaging in hedging/monetization transactions without prior written consent; Company notes no established public trading market for its common stock .
- Stock ownership guidelines for executives, pledging, and compliance status: Not disclosed in proxy; independent director restricted share plan applies only to independent directors, not executives .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment start date (CFO/Treasurer) | October 2016 |
| Contract term, auto-renewal, severance | Not disclosed (Company does not directly employ or compensate executives) |
| Indemnification | Company has indemnification agreements with officers and directors, including advancement of expenses subject to conditions |
| Non-compete, non-solicit, garden leave | Not disclosed |
| Post-termination consulting | Not disclosed |
Investment Implications
- Alignment and incentives: Executives are paid by the Advisor/Sub‑Advisor; pay-for-performance at the Company level operates through the Advisory Agreement’s performance component linked to total return above 7%, and a monthly fee based on NAV. This creates incentive alignment to drive total return but also introduces conflicts around NAV determination—explicitly flagged in the proxy—placing importance on independent director oversight and audit controls .
- Retention risk: Ms. Lynch has deep tenure across Inland entities and has served as InPoint CFO since 2016; as an affiliate employee rather than a Company employee, retention risk is largely a sponsor-level consideration rather than Company-level severance economics (none disclosed at the Company) .
- Insider selling pressure: With only 600 common shares beneficially owned and no public trading market for common shares, direct insider selling pressure is de minimis; hedging/monetization transactions are restricted without prior written consent .
- Governance controls: Broad indemnification is in place; conflicts and investment allocation procedures are documented; independent directors oversee advisor compensation reasonableness and performance annually, which is critical given the fee structure .