Rodin Income Trust Inc., a real estate investment trusts sponsored by Cantor Fitzgerald Investors, has extended its initial public offering for an additional year, according to a filing with the Securities and Exchange Commission.
The offering, originally scheduled to terminate on May 2, 2020, was extended until May 2, 2021.
Rodin Income Trust launched its $1.25 billion offering in June 2018 to originate mortgage and mezzanine loans secured mainly by commercial real estate assets located primarily in the U.S., United Kingdom, and other European countries.
As of the fourth quarter of 2019, Rodin Income Trust had made two investments that include an $18 million fixed rate mezzanine loan and a $9 million floating-rate mezzanine, both to affiliates of Delshah Capital Limited. The company has raised approximately $14.6 million in investor equity as of April 17, 2020.