secwatch.observer — SEC 8-K summary
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Issuer:     InPoint Commercial Real Estate Income, Inc. (ICR-PA)
CIK:        0001690012
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0000950170-23-026382
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.06
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690012/000095017023026382/0000950170-23-026382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690012/000095017023026382/ck0001690012-20230531.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026382

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