Inpoint Coml Real Estate Income Inc · OTC:ICRP
Inpoint Coml Real Estate Income — InPoint Commercial Real Estate Income — Shareholder Meeting (September 2023)
15 slides from Inpoint Coml Real Estate Income's shareholder meeting presentation, Sep 21, 2023
Slide 1: 2023 Annual Stockholder's Meeting
2023 Annual Stockholder’s Meeting September 21, 2023 | 1:00 PM CST This presentation is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus. There is no assurance that we will achieve our investment objectives. Past performance is not
Slide 2: Risk disclosures: limited operating history and blind pool offering
We have a limited operating history, and there is no assurance that we will achieve our investment objectives. Our public offering of common stock is a “blind pool” offering. You will not have the opportunity to evaluate our future investments before we make them. Our public offering was suspended o
Slide 3: Risk Factors
Risk Factors The COVID-19 pandemic adversely affected the economy and our investments and operations and may have additional adverse effects in the future. We own the Renaissance Chicago O’Hare Suites Hotel, and for so long as we own hotels or invest in loans secured by hotels and securities collate
Slide 4: Forward-Looking Statements
Forward-Looking Statements Cautionary note regarding forward-looking statements This presentation includes forward-looking statements, including, statements about our plans, strategies and objectives. You can generally identify forward-looking statements by our use of terms such as “may,” “will,” “e
Slide 5: Board of Directors & Executive Officers
Mitchell Sabshon Chief Executive Officer and Chairman of the Board Catherine L. Lynch Chief Financial Officer and Treasurer Donald MacKinnon President and Director Board of Directors & Executive Officers Cathleen M. Hrtanek Secretary Matthew Donnelly Chief Investment Officer Cynthia Foster Curry Ind
Slide 6: Mitchell Sabshon, Chief Executive Officer and Chairman of the Board
6 Mitchell Sabshon Chief Executive Officer and Chairman of the Board
Slide 7: Economic Update
Economic Update 2023 banking crisis triggered brief decline in stock prices and tighter credit market Inflation report in June was lowest since March 2021 Debt ceiling bill passed in June 2023 Interest rate hikes in last 11 of 12 Fed meetings, significantly impacting CRE transaction volumes and prop
Slide 8: Commercial Mortgage Market Update
Commercial Mortgage Market Update Certain investors will be impacted by mortgage loan refinancing challenges under current market conditions Those with existing CRE investments with near-term maturities may experience difficulty repaying or refinancing, resulting in banks reducing CRE lending to bra
Slide 9: Matthew Donnelly, Chief Investment Officer
9 Matthew Donnelly Chief Investment Officer
Slide 10: Portfolio Highlights Q2 2023
Portfolio Highlights Q2 2023 1Portfolio size is based on the unpaid principal balance of our debt investments and the fair value of our real estate owned (REO) in each case as of June 30, 2023. Portfolio size, average investment balance and number of investments include our REO. 21st mortgage loan w
Slide 11: Portfolio Highlights: 1st Mortgage
Portfolio Highlights 1st Mortgage 1st Mortgage Loans 4 Based on the par value of investments as of June 30, 2023. Subject to change without notice. First mortgage loans finance commercial real estate properties and are loans that generally have the highest priority lien among the loans in a foreclos
Slide 12: Floating Rate Portfolio Highlights
Floating Rate Portfolio Highlights Based on the par value of loan investments and the fair value of REO as of June 30, 2023. Subject to change without notice.
Slide 13: Catherine L. Lynch, Chief Financial Officer and Treasurer
13 Catherine L. Lynch Chief Financial Officer and Treasurer
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights in Thousands Multifamily Office As of June 30, 2023 As of December 31, 2022 Total Assets: $854,391 $914,495 Total Liabilities: $600,744 $635,938 Stockholders’ Equity: $253,647 $278,557 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Net Interest Income
Slide 15: Historical Returns
Historical Returns 7.19% Annualized Class I Distribution Rate as of August 2023* 1 Past performance is not a guarantee of future results. The historical returns are equal to the distributions paid and the changes in the NAV over the presented time period divided by the NAV at the beginning of the pe
InPoint Commercial Real Estate Income — Shareholder Meeting (September 2023) on 6ix