---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-026382"
form_type: "8-K"
ticker: "ICR-PA"
cik: "0001690012"
company_name: "InPoint Commercial Real Estate Income, Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:25:45.989122+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# InPoint Commercial Real Estate Income to record $7M impairment on O'Hare hotel sale; NAV to fall ~$0.60/share

## Summary
- Contract to sell Renaissance Chicago O'Hare Suites Hotel for $12M triggered held-for-sale classification.
- Company to recognize impairment charge of approx. $7M in Q2 2023.
- NAV per common share reduced by approx. $0.60, reflected in next NAV publication around June 15, 2023.
- Buyer deposit is generally non-refundable, subject to standard closing conditions.

## SEC filing metadata
- accession: 0000950170-23-026382
- form_type: 8-K
- ticker: ICR-PA
- cik: 0001690012
- company_name: InPoint Commercial Real Estate Income, Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690012/000095017023026382/0000950170-23-026382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690012/000095017023026382/ck0001690012-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026382
- JSON: https://secwatch.observer/filing/0000950170-23-026382.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026382.txt

## Key facts
- Restructurings & Charges
  InPoint Commercial Real Estate Income, Inc. announced a impairment with charges of impairment charge of approximately $7 million related to the Renaissance Chicago O’Hare Suites Hotel affecting Renaissance Chicago O’Hare Suites Hotel.
  - Type: impairment
  - Charge: impairment charge of approximately $7 million related to the Renaissance Chicago O’Hare Suites Hotel
  - Affected area: Renaissance Chicago O’Hare Suites Hotel
  source text: On May 31, 2023, officers of InPoint Commercial Real Estate Income, Inc. (the “Company”) determined that (i) the entry into a contract for sale by the Company of the Renaissance Chicago O’Hare Suites Hotel (the “Renaissance O’Hare”) for a purchase price of $12 million and (ii) receipt of the deposit from the buyer pursuant to that contract, which deposit is generally non-refundable, subject to certain exceptions such as the failure of closing conditions under certain specified circumstances, resulted in this asset meeting the criteria under generally accepted accounting principles to be classified as “held-for-sale.” As a result of this classification, the Company determined that it will be required to record the asset at fair value, less estimated sales costs and, therefore, recognize an impairment charge of approximately $7 million in the second quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690012/000095017023026382/0000950170-23-026382-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.