InPoint Commercial Real Estate Income, Inc. — fact timeline

Donald MacKinnon was appointed as Chairman of the Board at InPoint Commercial Real Estate Income, Inc..

“the Board appointed (i) Donald MacKinnon, the Company’s President and a member of the Board, as the Company’s Chairman of the Board”

Mitchell A. Sabshon resigned as Chairman of the Board at InPoint Commercial Real Estate Income, Inc..

“On November 20, 2024, Mitchell A. Sabshon informed InPoint Commercial Real Estate Income, Inc. (the “Company”) of his resignation from his positions as the Company’s Chief Executive Officer and as a member of the Board of Directors (the “Board”) of the Company, including as Chairman thereof, to be effective as of November 30, 2024.”

Mitchell A. Sabshon resigned as Chief Executive Officer at InPoint Commercial Real Estate Income, Inc..

“On November 20, 2024, Mitchell A. Sabshon informed InPoint Commercial Real Estate Income, Inc. (the “Company”) of his resignation from his positions as the Company’s Chief Executive Officer and as a member of the Board of Directors (the “Board”) of the Company, including as Chairman thereof, to be effective as of November 30, 2024.”

InPoint Commercial Real Estate Income, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-09-21 meeting.

“Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified. Votes For Votes Against Votes Abstained Broker Non-Votes 4,824,550 149,196 376,697 0”

InPoint Commercial Real Estate Income, Inc. shareholders approved Election of Directors at the 2023-09-21 meeting.

“Proposal 1 – Election of Directors The following five individuals were elected to the Board of Directors of the Company (the “Board”) to serve as directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualify. Votes For Votes Against Votes Abstained Broker Non-Votes Mitchell A. Sabshon 4,400,905 308,967 381,007 259,564”

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.

“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.”

InPoint Commercial Real Estate Income, Inc. amended credit facility of increase the maximum facility amount to $526,076,160 with JPMorgan Chase Bank, National Association maturing May 6, 2026, with the option to extend the maturity date further to May 6, 2028 subject to two optional one-year extensions.

“On May 5, 2023, the Company, through the Loan Subsidiary, entered into an amendment to the JPM Repo Facility (the “JPM Repo Facility Amendment”) to (i) extend the maturity date of the JPM Repo Facility to May 6, 2026, with the option to extend the maturity date further to May 6, 2028 subject to two optional one-year extensions, and (ii) increase the maximum facility amount to $526,076,160 (the “Amended Maximum Facility Amount”).”