InPoint Commercial Real Estate Income, Inc. Files 8-K

TL;DR

InPoint REIT filed a routine 8-K, no major news.

AI Summary

On July 15, 2024, InPoint Commercial Real Estate Income, Inc. filed an 8-K report. The filing primarily concerns other events and does not detail specific financial transactions or material changes in business operations. The report confirms the company's identity and filing status with the SEC.

Why It Matters

This 8-K filing serves as a notification to investors and the public about the company's regulatory compliance and reporting status.

Risk Assessment

Risk Level: low — The filing is a standard procedural report and does not indicate any immediate risks or significant changes.

Key Players & Entities

• InPoint Commercial Real Estate Income, Inc. (company) — Registrant
• July 15, 2024 (date) — Date of Report
• Maryland (jurisdiction) — State of Incorporation
• 001-40833 (filing_id) — Commission File Number
• 32-0506267 (tax_id) — IRS Employer Identification No.
• 2901 Butterfield Road (address) — Principal Executive Offices Street
• Oak Brook (city) — Principal Executive Offices City
• Illinois (state) — Principal Executive Offices State
• 60523 (zip_code) — Principal Executive Offices Zip Code
• (800) 826-8228 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.001 — e Redeemable Preferred Stock, par value $0.001 per share ICR PR A New York Stock E
• $645 — une 30, 2024, we had accrued under GAAP $645 of stockholder servicing fees payable t

Filing Documents

• ck0001690012-20240715.htm (8-K) — 88KB
• 0000950170-24-083587.txt ( ) — 206KB
• ck0001690012-20240715.xsd (EX-101.SCH) — 25KB
• ck0001690012-20240715_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. Determination of June 30, 2024 NAV per Share InPoint Commercial Real Estate Income, Inc. (the "Company," "we," "our") calculates net asset value ("NAV") per share in accordance with the valuation guidelines that have been approved by its board of directors (the "Board"). Our NAV per share, which is updated as of the last calendar day of each month, is posted on our website at www.inland-investments.com/inpoint . The "Net Asset Value Calculation and Valuation Guidelines" section of our prospectus for our public offering (SEC Registration No. 333-264540), as supplemented, contains details regarding how our NAV is determined. Inland InPoint Advisor, LLC, our Advisor, is ultimately responsible for determining our NAV. We have included a breakdown of the components of total net asset value attributable to common stock and NAV per share for June 30, 2024. Our total net asset value attributable to all classes of our common stock in the aggregate is presented in the following table. As of June 30, 2024, we had not sold any Class S shares of common stock in our public offering. As previously announced, on January 30, 2023, our Board unanimously approved the suspension of the sale of shares in the primary portion of our public offering and through our amended and restated distribution reinvestment plan. The following table provides a breakdown of the major components of our total net asset value attributable to common stock as of June 30, 2024 ($ and shares in thousands, except per share data): Components of NAV June 30, 2024 Commercial mortgage loans $ 688,884 Cash and cash equivalents and restricted cash 44,557 Other assets 6,173 Repurchase agreements - commercial mortgage loans (422,944 ) Loan participations sold (56,226 ) Due to related parties (1,671 ) Distributions payable (1,051 ) Interest payable (2,215 ) Accrued stockholder servicing fees (1) (221 ) Other liabilities (325 ) Pre

View Full Filing

View this 8-K filing on SEC EDGAR