InPoint Commercial Real Estate Income Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
ICR-PA$19.59+0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023
CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands, except per share amounts)
| June 30, 2024 (unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $44,557 | $54,143 |
| Commercial mortgage loans: | ||
| Commercial mortgage loans at cost | 705,624 | 743,852 |
| Allowance for credit losses | (21,218) | (21,849) |
| Commercial mortgage loans at cost, net | 684,406 | 722,003 |
| Deferred debt finance costs | 1,148 | 604 |
| Accrued interest receivable | 3,810 | 3,283 |
| Prepaid expenses and other assets | 271 | 312 |
| Total assets | $734,192 | $780,345 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Repurchase agreements | $422,944 | $457,438 |
| Credit facility payable | — | 9,498 |
| Loan participations sold, net | 56,226 | 57,226 |
| Due to related parties | 1,671 | 2,028 |
| Accrued interest payable | 2,215 | 1,792 |
| Distributions payable | 1,051 | 1,050 |
| Accrued expenses and other liabilities | 493 | 762 |
| Total liabilities | 484,600 | 529,794 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ Equity: | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized: | ||
| 6.75% Series A Cumulative Redeemable Preferred Stock, $0.001 par value, 4,025,000 shares authorized and 3,544,553 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | 4 | 4 |
| Class P common stock, $0.001 par value, 500,000,000 shares authorized, 8,562,777 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | 9 | 9 |
| Class A common stock, $0.001 par value, 500,000,000 shares authorized, 745,881 and 745,887 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Class T common stock, $0.001 par value, 500,000,000 shares authorized, 290,345 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | — | — |
| Class S common stock, $0.001 par value, 500,000,000 shares authorized, 0 shares issued and outstanding as of as of June 30, 2024 and December 31, 2023 | — | — |
| Class D common stock, $0.001 par value, 500,000,000 shares authorized, 48,015 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | — | — |
| Class I common stock, $0.001 par value, 500,000,000 shares authorized, 469,168 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | — | — |
| Additional paid in capital | 339,525 | 339,581 |
| Accumulated deficit | (89,947) | (89,044) |
| Total stockholders’ equity | 249,592 | 250,551 |
| Total liabilities and stockholders’ equity | $734,192 | $780,345 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.