InPoint Commercial Real Estate Income, a commercial mortgage real estate investment trust sub-advised by an affiliate of Sound Point Capital Management, announced through its operating partnership, the company established a credit facility of up to $250 million. The credit facility allows InPoint to finance first mortgage loans on behalf of the company and its investors.
The credit facility was established through a master repurchase agreement with Column Financial, Inc., an affiliate of Credit Suisse AG. The initial credit available under the master repurchase agreement is $100 million, and may be increased to a maximum of $250 million. The master repurchase agreement is for one year with two potential extensions.