Home News InPoint Originates More Than $65 Million in First Mortgage Loans in 3Q19

InPoint Originates More Than $65 Million in First Mortgage Loans in 3Q19

InPoint Commercial Real Estate Income Inc., a commercial mortgage real estate investment trust, announced that it originated $65.9 million in floating-rate first mortgage loans during the third quarter of 2019.

InPoint Commercial Real Estate Income Inc., a commercial mortgage real estate investment trust, announced that it originated $65.9 million in floating-rate first mortgage loans during the third quarter of 2019.

The mortgage originations include a $7 million first mortgage loan secured by an office property in Memphis; a $14.9 million first mortgage loan secured by an office property in San Diego; a $30 million first mortgage loan secured by a multifamily community in Houston; and a $14 million first mortgage loan secured by an office property in Tustin, California, part of the Orange County, California metropolitan statistical area (MSA).

“InPoint has sourced and originated more than $230 million in first mortgage loans this year alone, on what we consider well-positioned, low loan-to-value, high-quality assets for proven sponsors,” said Don MacKinnon, president of InPoint.

InPoint’s portfolio of first mortgage loans, CMBS and credit loans are secured by multifamily, industrial, office, hospitality, student housing and retail real estate assets located across the United States.

“To date, InPoint has grown its portfolio to more than $567 million in assets, spread across 43 investments, financing a diverse mix of properties throughout the United States,” said Mitchell Sabshon, chief executive officer of InPoint.

InPoint Commercial Real Estate Income is advised by an affiliate of Inland Real Estate Investment Corporation and sub-advised by an affiliate of Sound Point Capital Management LP.

The company oversees a portfolio of first mortgage loans, CMBS and credit loans that are secured by multifamily, industrial, office, hospitality and retail real estate assets located across the United States. The portfolio is composed of 98 percent floating-rate investments.

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