Inpoint Coml Real Estate Income Inc · OTC:ICRP
Inpoint Coml Real Estate Income — InPoint Commercial Real Estate Income — Shareholder Meeting (September 2024)
14 slides from Inpoint Coml Real Estate Income's shareholder meeting presentation, Sep 12, 2024
Slide 1: 2024 Annual Stockholder's Meeting
2024 Annual Stockholder’s Meeting September 12, 2024 | 1:30 PM CST This presentation is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by a prospectus that has been filed or registered with appropriate state and federal regulatory agencies and s
Slide 2: Disclaimers
Disclaimers The words “we,” “us,” “our” and the “Company” refer to InPoint Commercial Real Estate Income, Inc. Unless otherwise noted, all data herein is as of June 30, 2024. Cautionary note regarding forward-looking statements This presentation includes forward-looking statements, including, statem
Slide 3: Risk Factors
You should carefully review the “Risk Factors” section of our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q for a discussion of the risks and uncertainties that we believe are material to our business, operating results, prospects and financial condition. Some of the more
Slide 4: 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 5: Donald MacKinnon, President and Director
5 Donald MacKinnon President and Director
Slide 6: Economic Update
Economic Update Federal funds rate has remained unchanged since July 2023 at a range of 5.25% to 5.50% Current U.S. annual inflation rate was 3% for 12 months ending June, compared to previous rate of 3.3%, remaining above Fed's 2% target Market speculation about potential rate cuts starting in Sept
Slide 7: Commercial Mortgage Market Update
Commercial Mortgage Market Update Industry reports suggest that there is a record $929 billion of U.S. commercial and multifamily mortgage maturities due in 2024, $570 billion due in 2025, and $460 billion in 2026 Certain investors will be impacted by mortgage loan refinancing challenges under curre
Slide 8: Portfolio Highlights
Portfolio Highlights Our overall loan credit quality continues to be good during this difficult CRE market. During 2024, we had three loans pay-off with an outstanding principal of $37.1 million. In addition, we had $6.4 million in paydowns. This was partially offset by $5.4 million in advances on o
Slide 9: Portfolio Highlights Q2 2024
Portfolio Highlights Q2 2024 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, 2024. Portfolio size, average investment balance and number of investments include our REO. 21st mortgage loan w
Slide 10: Debt Investments: Floating vs. Fixed Rate; Investments by Type
1st Mortgage 1st Mortgage Loans Based on the par value of investments as of June 30, 2024. 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 foreclosure proceeding on the c
Slide 11: Floating Rate Loans by Property Type; Loans by Region
Floating Rate Loans by Property Type Loans by Region Portfolio Highlights Q2 2024
Slide 12: Catherine L. Lynch, Chief Financial Officer and Treasurer
12 Catherine L. Lynch Chief Financial Officer and Treasurer
Slide 13: Consolidated Financial Highlights
Consolidated Financial Highlights Multifamily Office As of June 30, 2024 (unaudited, in thousands) As of December 31, 2023 (in thousands) Total Assets: $734,192 $780,345 Total Liabilities: $484,600 $529,794 Stockholders’ Equity: $249,592 $250,551 Six Months Ended June 30, 2024 (unaudited, in thousan
Slide 14: Class I Share Distribution Rate and NAV
Class I Share 7.51% Annualized Class I Distribution Rate as of June 2024 1 Past performance is not a guarantee of future results. For the year ended December 31, 2023, 100% of distributions on InPoint’s common stock were funded by cash flows from operating activities. The distribution rate reflects
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