Granite Point Mortgage Trust Inc
For the period ended Dec 31, 2023. Filed Mar 1, 2024.
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FY2023 · Filed Mar 1, 2024
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Schedule IV - Mortgage Loans on Real Estate
As of December 31, 2023
(dollars in thousands)
| Asset Type/ Location · Interest Rate · Maturity Date (2) · Periodic Payment Terms (3) · Prior Liens (4) · Face Amount · Carrying Amount (5) · Principal Amount Subject to Delinquent Principal or Interest | ||||||||
|---|---|---|---|---|---|---|---|---|
| Senior Loans (1) | ||||||||
| Multifamily/Midwest | S + | 2.80% | 1/2025 | IO | $— | $109,205 | $108,899 | $— |
| Office/Midwest | S + | 2.85% | 2/2023 | IO | — | 93,099 | 93,203 | 93,099 |
| Mixed-Use/Northeast | S + | 3.75% | 5/2024 | IO | — | 92,267 | 92,078 | — |
| Office/Southeast | S + | 2.60% | 7/2024 | IO | — | 87,210 | 86,718 | — |
| Mixed-Use/Southwest | S + | 4.15% | 1/2024 | IO | — | 85,617 | 85,427 | — |
| Mixed-Use/Southwest | S + | 3.29% | 7/2024 | IO | — | 80,955 | 80,509 | — |
| Office/Midwest | S + | 3.74% | 2/2024 | IO | — | 80,023 | 79,857 | — |
| Mixed-Use/Southeast | S + | 3.41% | 2/2024 | IO | — | 77,339 | 76,981 | — |
| Retail/West | S + | 4.50% | 11/2024 | IO | — | 77,250 | 77,250 | — |
| Office/Southeast | S + | 5.15% | 7/2023 | IO | — | 65,968 | 65,968 | 65,968 |
| Office/Northeast | S + | 3.50% | 12/2024 | IO | — | 62,941 | 62,822 | — |
| Office/Southwest | S + | 3.40% | 11/2025 | IO | — | 60,060 | 60,046 | — |
| Office/Northeast | S + | 3.35% | 7/2024 | IO | — | 54,064 | 53,923 | — |
| Hotel/Midwest | S + | 5.05% | 10/2024 | IO | — | 50,959 | 50,934 | — |
| Mixed-Use/Northeast | S + | 3.40% | 11/2024 | IO | — | 50,105 | 49,866 | — |
| Office/West | S + | 5.50% | 12/2025 | IO | — | 48,800 | 48,800 | — |
| Multifamily/Midwest | S + | 4.35% | 11/2024 | IO | — | 48,509 | 48,310 | — |
| Office/Southeast | S + | 4.38% | 7/2024 | IO | — | 47,527 | 47,437 | — |
| Industrial/Northeast | S + | 3.25% | 4/2025 | IO | — | 46,876 | 46,616 | — |
| Multifamily/Southwest | S + | 3.29% | 6/2025 | IO | — | 46,729 | 46,454 | — |
| Multifamily/Southwest | S + | 3.21% | 9/2024 | IO | — | 45,448 | 45,286 | — |
| Office/Northeast | S + | 3.72% | 7/2024 | IO | — | 45,361 | 45,217 | — |
| Multifamily/Southeast | S + | 3.62% | 8/2025 | IO | — | 45,002 | 44,545 | — |
| Multifamily/Southwest | S + | 3.41% | 5/2025 | IO | — | 44,245 | 43,982 | — |
| Industrial/Northeast | S + | 3.05% | 3/2025 | IO | — | 42,391 | 42,172 | — |
| Office/West | S + | 3.36% | 10/2024 | IO | — | 41,094 | 40,832 | — |
| Mixed-Use/Northeast | S + | 5.25% | 1/2024 | IO | — | 38,842 | 38,689 | — |
| Office/Northeast | S + | 5.55% | 10/2024 | IO | — | 38,514 | 38,349 | — |
| Multifamily/Southeast | S + | 3.33% | 7/2024 | IO | — | 37,554 | 37,413 | — |
| Other/Northeast | S + | 4.65% | 6/2025 | IO | — | 37,467 | 37,327 | — |
| Mixed-Use/West | S + | 3.60% | 6/2024 | IO | — | 37,100 | 37,080 | 37,100 |
| Office/Northeast | S + | 3.18% | 2/2024 | IO | — | 35,404 | 35,495 | — |
| Multifamily/Midwest | S + | 4.11% | 4/2024 | IO | — | 33,704 | 33,512 | — |
| Multifamily/Southeast | S + | 3.73% | 10/2024 | IO | — | 32,656 | 32,546 | — |
| Office/Northeast | - | 5.11% | 3/2026 | P&I | — | 32,469 | 32,450 | — |
| Multifamily/Southeast | S + | 3.13% | 11/2024 | IO | — | 31,959 | 31,860 | — |
| Multifamily/Southwest | S + | 2.96% | 7/2024 | IO | — | 31,079 | 31,079 | — |
| Multifamily/Southeast | S + | 3.35% | 4/2025 | IO | — | 30,221 | 30,048 | — |
| Office/Northeast | S + | 3.75% | 4/2024 | IO | — | 29,010 | 28,944 | — |
| Hotel/Midwest | S + | 3.90% | 10/2023 | IO | — | 28,047 | 28,023 | — |
| Multifamily/Southwest | S + | 3.00% | 2/2024 | IO | — | 26,901 | 26,860 | — | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Multifamily/Southeast | S + | 3.20% | 8/2024 | IO | — | 26,626 | 26,508 | — | ||
| Multifamily/Southwest | S + | 3.22% | 5/2025 | IO | — | 26,370 | 26,205 | — | ||
| Office/Northeast | S + | 3.40% | 2/2024 | IO | — | 26,128 | 26,050 | — | ||
| Industrial/Southeast | S + | 3.20% | 11/2025 | IO | — | 25,650 | 25,506 | — | ||
| Hotel/Southwest | S + | 5.18% | 6/2024 | IO | — | 25,200 | 25,106 | — | ||
| Office/Southeast | S + | 4.14% | 4/2025 | IO | — | 24,270 | 23,999 | — | ||
| Office/Southeast | S + | 5.04% | 3/2025 | IO | — | 24,123 | 24,078 | — | ||
| Multifamily/Southwest | S + | 2.71% | 8/2024 | IO | — | 23,900 | 23,817 | — | ||
| Multifamily/Northeast | S + | 4.50% | 1/2024 | IO | — | 23,750 | 23,662 | — | ||
| Multifamily/West | S + | 3.23% | 10/2024 | IO | — | 23,575 | 23,472 | — | ||
| Office/West | S + | 4.25% | 3/2024 | IO | — | 22,175 | 22,081 | — | ||
| Hotel/Southeast | S + | 4.00% | 3/2025 | IO | — | 21,865 | 21,797 | — | ||
| Other/Northeast | S + | 4.55% | 6/2024 | IO | — | 21,500 | 21,411 | — | ||
| Multifamily/Southeast | S + | 4.05% | 6/2024 | IO | — | 20,441 | 20,383 | — | ||
| Other/Midwest | S + | 3.91% | 12/2024 | IO | — | 20,400 | 20,318 | — | ||
| Mixed-Use/Southeast | S + | 3.25% | 6/2024 | IO | — | 20,370 | 20,288 | — | ||
| Office/West | S + | 3.90% | 2/2025 | IO | — | 20,076 | 19,966 | — | ||
| Retail/Southeast | S + | 5.31% | 1/2024 | IO | — | 19,872 | 19,788 | — | ||
| Multifamily/Southwest | S + | 3.55% | 6/2024 | IO | — | 18,570 | 18,493 | — | ||
| Hotel/Northeast | S + | 4.71% | 10/2024 | IO | — | 16,960 | 16,915 | — | ||
| Office/West | S + | 5.00% | 6/2024 | IO | — | 16,880 | 16,821 | — | ||
| Office/West | S + | 3.36% | 1/2025 | IO | — | 16,700 | 16,613 | — | ||
| Office/Midwest | S + | 3.07% | 8/2024 | IO | — | 14,523 | 14,505 | — | ||
| Multifamily/Midwest | S + | 3.41% | 6/2025 | IO | — | 14,225 | 14,107 | — | ||
| Office/West | S + | 3.70% | 9/2024 | IO | — | 13,970 | 13,926 | — | ||
| Office/Northeast | S + | 5.25% | 3/2024 | IO | — | 12,387 | 12,298 | — | ||
| Multifamily/Midwest | S + | 3.05% | 12/2023 | IO | — | 11,781 | 11,732 | — | ||
| Office/Northeast | S + | 4.01% | 7/2024 | IO | — | 10,471 | 10,428 | — | ||
| Office/West | S + | 4.86% | 5/2025 | IO | — | 10,000 | 9,984 | — | ||
| Office/Northeast | S + | 5.25% | 3/2024 | IO | — | 6,611 | 6,594 | — | ||
| Office/West | S + | 2.81% | 10/2024 | IO | — | 4,332 | 4,321 | — | ||
| Mezzanine Loans | ||||||||||
| Hotel/West | - | 8.00% | 2/2027 | P&I | 40,000 | 13,507 | 13,507 | — | ||
| Allowance for credit losses | (134,661) | |||||||||
| Total loans held-for-investment | $40,000 | $2,727,179 | $2,583,825 | $196,167 | ||||||
(2)Based on contractual maturity date as of December 31, 2023. Certain commercial mortgage loans are subject to contractual extension options which may be subject to conditions as stipulated in the loan agreement. Actual maturities may differ from contractual maturities stated herein as certain borrowers may have the right to prepay with or without paying a prepayment penalty. The Company may also extend contractual maturities in connection with loan modifications.
(3)Principal and interest, or P&I; Interest-only, or IO. Certain commercial mortgage loans labeled as P&I are non-amortizing until a specific date when they begin amortizing P&I, as stated in the loan agreements.
(4)Represents third-party priority liens. Third-party portions ofpari-passu participations are not considered prior liens.
(5)As of December 31, 2023, the aggregate tax basis of the Company’s loans held-for-investment was $2.7 billion.
For the activity within the Company’s loan portfolio during the year ended December 31, 2023, see Note 3 -Loans Held-for-Investment, Net of Allowance for Credit Lossesto the Company’s Consolidated Financial Statements included in this Annual Report on Form 10-K.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.