Granite Point unit amends JPMorgan repurchase facility, raising maximum amount to $727.0 million

Granite Point Mortgage Trust Inc.

• GP Commercial JPM LLC amended its JPMorgan Chase repurchase facility on Sept. 30, 2026, increasing the maximum facility amount to $727.0 million.
• The amendment modifies principal payment waterfall mechanics for newly added Schedule IV purchased assets and changes the Minimum Interest Expense Coverage Ratio covenant.
• Newly added assets were previously financed under Granite Point's Citibank and Morgan Stanley Bank facilities, which have been repurchased and paid in full or satisfied.
• The company paid JPMorgan a $156,684.93 fee tied to the facility increase; the guarantee amendment sets the minimum interest expense coverage ratio at 1.20x for Q3 and Q4 2026.