PRESS ROOMNEWS RELEASE
InPoint Commercial Real Estate Income, Inc. Announces Credit Facility of Up to $250 Million
Nicole SpreckInland Communications
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint” or the “Company”), a commercial mortgage real estate investment trust sub-advised by an affiliate of Sound Point Capital Management, LP, announced today that, through its operating partnership, the Company established a credit facility of up to $250 million. The credit facility allows InPoint to finance first mortgage loans on behalf of the Company and its investors.
The credit facility was established through a master repurchase agreement with Column Financial, Inc., an affiliate of Credit Suisse AG. The initial credit available under the master repurchase agreement is $100 million, and may be increased to a maximum of $250 million. The master repurchase agreement is for one year with two potential extensions.
“This credit facility is a major milestone and better positions the Company for a year of growth,” said Don MacKinnon, president of InPoint Commercial Real Estate Income, Inc. “Our total assets from year end are approximately $58 million and we look forward to building on that in 2018.”
About InPoint Commercial Real Estate Income, Inc.
Externally managed by a wholly-owned indirect subsidiary of Inland Real Estate Investment Corporation, InPoint Commercial Real Estate Income, Inc. is a commercial mortgage real estate investment trust that originates, acquires and manages a diversified commercial real estate credit portfolio in the United States.
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