ck0001690012-10q_20190630.htm

0001564590-19-032018.txt : 20190814 0001564590-19-032018.hdr.sgml : 20190814 20190814103527 ACCESSION NUMBER: 0001564590-19-032018 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190814 DATE AS OF CHANGE: 20190814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: InPoint Commercial Real Estate Income, Inc. CENTRAL INDEX KEY: 0001690012 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 320506267 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55782 FILM NUMBER: 191023701 BUSINESS ADDRESS: STREET 1: 2901 BUTTERFIELD ROAD CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 630-218-8000 MAIL ADDRESS: STREET 1: 2901 BUTTERFIELD ROAD CITY: OAK BROOK STATE: IL ZIP: 60523 10-Q 1 ck0001690012-10q_20190630.htm 10-Q ck0001690012-10q_20190630.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2019

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 000-55782

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

(Exact name of registrant as specified in its charter)

Maryland

32-0506267

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

2901 Butterfield Road

Oak Brook, Illinois

60523

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (800) 826-8228

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller Reporting Company	☒

Emerging Growth Company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of August 13, 2019, the Registrant had the following shares outstanding: 10,249,238 shares of Class P common stock, 20,689 shares of Class T common stock, 2,111 shares of Class I common stock and no shares of Class A, Class S, and Class D common stock.

TABLE OF CONTENTS


PART I FINANCIAL INFORMATION
Item 1.	Financial Statements

	Consolidated Balance Sheets as of June 30, 2019 (unaudited) and December 31, 2018	2

	Unaudited Consolidated Statements of Operations for the three and six-months ended June 30, 2019 and 2018	3

	Unaudited Consolidated Statements of Changes in Stockholders’ Equity for the three-months ended June 30, 2019 and 2018	4

	Unaudited Consolidated Statements of Changes in Stockholders’ Equity for the six-months ended June 30, 2019 and 2018	5

	Unaudited Consolidated Statements of Cash Flows for the six-months ended June 30, 2019 and 2018	6

	Notes to Consolidated Financial Statements	7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	31

Item 4.	Controls and Procedures	31

PART II OTHER INFORMATION

Item 1.	Legal Proceedings	32

Item 1A.	Risk Factors	32

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	32

Item 3.	Defaults Upon Senior Securities	33

Item 4.	Mine Safety Disclosures	33

Item 5.	Other Information	33

Item 6.	Exhibits	34

Signatures		35

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands, except share data)

	June 30, 2019 (unaudited)			December 31, 2018
ASSETS
Cash and cash equivalents	$	47,442		$	27,530
Restricted cash		474			967
Real estate securities at fair value		133,691			91,218
Commercial mortgage loans at cost, net of allowance for loan loss of $0		427,627			249,573
Deferred debt finance costs		1,381			518
Deferred offering costs		2,126			1,201
Accrued interest receivable		1,484			994
Other assets		14			22
Total assets	$	614,239		$	372,023
LIABILITIES AND EQUITY
Liabilities:
Repurchase agreements—real estate securities	$	82,756		$	61,871
Repurchase agreements—commercial mortgage loans		279,016			164,333
Payable for securities purchased		18,001			—
Loan fees payable		100			100
Due to related parties		2,024			1,680
Interest payable		528			427
Distributions payable		1,405			941
Accrued expenses		1,265			399
Total liabilities		385,095			229,751
Stockholders’ Equity:
Class P common stock, $0.001 par value, 500,000,000 and 450,000,000 shares authorized, 9,434,993 and 5,940,744 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively		9			6
Class A common stock, $0.001 par value, 500,000,000 and 0 shares authorized, 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		—			—
Class T common stock, $0.001 par value, 500,000,000 and 0 shares authorized, 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		—			—
Class S common stock, $0.001 par value, 500,000,000 and 0 shares authorized, 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		—			—
Class D common stock, $0.001 par value, 500,000,000 and 0 shares authorized, 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		—			—
Class I common stock, $0.001 par value, 500,000,000 and 0 shares authorized, 0 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		—			—
Additional paid in capital (net of offering costs of $18,045 and $11,724 at June 30, 2019 and December 31, 2018, respectively)		236,562			148,650
Distributions in excess of earnings		(7,427	)		(6,384	)
Total stockholders’ equity		229,144			142,272
Total liabilities and stockholders’ equity	$	614,239		$	372,023

The accompanying notes are an integral part of these consolidated financial statements

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited, dollar amounts in thousands, except share data)

	Three-months ended June 30,						Six-months ended June 30,
	2019			2018			2019			2018
Interest income:
Interest income	$	8,456		$	1,986		$	15,047		$	2,816
Less: Interest expense		(3,509	)		(705	)		(6,264	)		(808	)
Net interest income		4,947			1,281			8,783			2,008
Operating expenses:
Advisory fee		1,954			539			3,485			539
Debt finance costs		226			122			422			187
Directors compensation		23			21			43			42
Professional service fees		159			90			309			207
Other expenses		83			56			166			115
Total operating expenses		2,445			828			4,425			1,090
Other income (loss):
Unrealized gain (loss) in value of real estate securities		(18	)		90			1,790			121
Realized loss on the sale of real estate securities		—			—			(43	)		—
Total other income (loss)		(18	)		90			1,747			121
Net income	$	2,484		$	543		$	6,105		$	1,039
Net income per share basic and diluted	$	0.30		$	0.19		$	0.82		$	0.41
Weighted average number of shares
Basic		8,287,246			2,920,697			7,486,495			2,522,468
Diluted		8,287,480			2,920,781			7,486,628			2,522,535

The accompanying notes are an integral part of these consolidated financial statements

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Three-months ended June 30, 2019 and 2018

(Unaudited, dollar amounts in thousands)

For the three-months ended June 30, 2019	Par Value
	Common Stock Class P		Additional Paid in Capital			Distributions in Excess of Earnings			Total Stockholders’ Equity
Balance as of March 31, 2019	$	8	$	188,309		$	(5,934	)	$	182,383
Proceeds from issuance of common stock		1		51,635			—			51,636
Offering costs		—		(3,297	)		—			(3,297	)
Net income		—		—			2,484			2,484
Distributions declared ($0.48 per share)		—		—			(3,977	)		(3,977	)
Redemptions		—		(90	)		—			(90	)
Equity based compensation		—		5			—			5
Balance as of June 30, 2019	$	9	$	236,562		$	(7,427	)	$	229,144

For the three-months ended June 30, 2018	Par Value
	Common Stock Class P		Additional Paid in Capital			Distributions in Excess of Earnings			Total Stockholders’ Equity
Balance as of March 31, 2018	$	3	$	62,001		$	(1,957	)	$	60,047
Proceeds from issuance of common stock		—		26,678			—			26,678
Offering costs		—		(2,079	)		—			(2,079	)
Net income		—		—			543			543
Distributions declared ($0.48 per share)		—		—			(1,402	)		(1,402	)
Equity based compensation		—		3			—			3
Balance as of June 30, 2018	$	3	$	86,603		$	(2,816	)	$	83,790

The accompanying notes are an integral part of these consolidated financial statements

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Six-months ended June 30, 2019 and 2018

(Unaudited, dollar amounts in thousands)

For the six-months ended June 30, 2019	Par Value
	Common Stock Class P		Additional Paid in Capital			Distributions in Excess of Earnings			Total Stockholders’ Equity
Balance as of December 31, 2018	$	6	$	148,650		$	(6,384	)	$	142,272
Proceeds from issuance of common stock		3		94,313			—			94,316
Offering costs		—		(6,321	)		—			(6,321	)
Net income		—		—			6,105			6,105
Distributions declared ($0.96 per share)		—		—			(7,148	)		(7,148	)
Redemptions		—		(90	)		—			(90	)
Equity based compensation		—		10			—			10
Balance as of June 30, 2019	$	9		236,562			(7,427	)		229,144

For the six-months ended June 30, 2018	Par Value
	Common Stock Class P		Additional Paid in Capital			Distributions in Excess of Earnings			Total Stockholders’ Equity
Balance as of December 31, 2017	$	1	$	43,428		$	(1,445	)	$	41,984
Proceeds from issuance of common stock		2		46,826			—			46,828
Offering costs		—		(3,654	)		—			(3,654	)
Net income		—		—			1,039			1,039
Distributions declared ($0.96 per share)		—		—			(2,410	)		(2,410	)
Equity based compensation		—		3			—			3
Balance as of June 30, 2018		3		86,603			(2,816	)		83,790

The accompanying notes are an integral part of these consolidated financial statements

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, dollar amounts in thousands)

	For the six-months ended June 30,
	2019			2018
Cash flows from operating activities:
Net income	$	6,105		$	1,039
Adjustments to reconcile net income to cash provided by operations:
Net realized loss on real estate securities	43				—
Net unrealized gain on real estate securities		(1,790	)		(121	)
Amortization of equity based compensation		10			3
Amortization of debt finance costs to operating expense		422			187
Amortization of debt finance costs to interest expense		40			22
Amortization of bond discount		(383	)		(51	)
Amortization of origination fees		(645	)		(77	)
Amortization of deferred exit fees		(280	)		(27	)
Changes in assets and liabilities:
Accrued interest receivable		(489	)		(311	)
Accrued expenses		(491	)		(23	)
Loan fees payable		—			85
Due to related parties		775			536
Other assets		8			(11	)
Accrued interest payable		101			108
Net cash provided by operating activities		3,426			1,359
Cash flows from investing activities:
Origination of commercial loans		(181,557	)		(83,236	)
Origination fees received on commercial loans		1,951			711
Principal repayments of commercial loans		2,477			—
Purchase of real estate securities		(32,459	)		(41,341	)
Real estate securities sold		9,211			2,996
Real estate securities principal pay-down		906			236
Net cash used in investing activities		(199,471	)		(120,634	)
Cash flows from financing activities:
Proceeds from issuance of common stock		94,316			46,828
Redemptions of common stock		(90	)		—
Payment of offering costs		(6,321	)		(3,654	)
Proceeds from repurchase agreements		613,365			232,475
Principal repayments of repurchase agreements		(477,785	)		(142,070	)
Debt finance costs		(1,337	)		(654	)
Distributions paid		(6,684	)		(2,153	)
Net cash provided by financing activities		215,464			130,772
Net change in cash, cash equivalents and restricted cash		19,419			11,497
Cash, cash equivalents and restricted cash at beginning of period		28,497			1,406
Cash, cash equivalents and restricted cash at end of period	$	47,916		$	12,903
Supplemental disclosure of cash flow information:
Change in deferred offering costs and accrued offering expenses, included in due to related parties	$	(431	)	$	(335	)
Interest paid	$	6,162		$	701
Distributions payable	$	1,405		$	517
Payable for securities purchased	$	18,001		$	—
Accrued interest receivable on securities purchased	$	(1	)	$	—
Purchase of real estate securities	$	(18,000	)	$	—

The accompanying notes are an integral part of these consolidated financial statements

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

Note 1 – Organization and Business Operations

InPoint Commercial Real Estate Income, Inc. (the “Company”) was incorporated in Maryland on September 13, 2016 to originate, acquire and manage a diversified portfolio of commercial real estate (“CRE”) investments primarily comprised of (i) CRE debt, including floating rate first mortgage loans, subordinate mortgage and mezzanine loans, and participations in such loans and (ii) floating rate CRE securities, such as commercial mortgage-backed securities (“CMBS”), and senior unsecured debt of publicly traded real estate investment trusts (“REITs”). The Company may also invest in select equity investments in single-tenant, net leased properties. Substantially all of the Company’s business is conducted through InPoint REIT Operating Partnership, LP (the “Operating Partnership”), a Delaware limited partnership. The Company is the sole general partner and directly or indirectly holds all of the limited partner interests in the Operating Partnership. The Company has elected to be taxed as a REIT for U.S. federal income tax purposes.

The Company is externally managed by Inland InPoint Advisor, LLC (the “Advisor”), a Delaware limited liability company formed in August 2016 that is a wholly owned indirect subsidiary of Inland Real Estate Investment Corporation, a member of The Inland Real Estate Group of Companies, Inc. The Advisor is responsible for coordinating the management of the day-to-day operations and originating, acquiring and managing the Company’s CRE investment portfolio, subject to the supervision of the Company’s board of directors. The Advisor performs its duties and responsibilities as the Company’s fiduciary pursuant to an amended and restated advisory agreement dated April 29, 2019 among the Company, the Advisor and the Operating Partnership (the “Advisory Agreement”) which supersedes and replaces the advisory agreement dated October 25, 2016 (the “Prior Advisory Agreement”).

The Advisor has delegated certain of its duties to SPCRE InPoint Advisors, LLC (the “Sub-Advisor”), a Delaware limited liability company formed in September 2016 that is a wholly owned subsidiary of Sound Point CRE Management, LP, pursuant to an amended and restated sub-advisory agreement between the Advisor and the Sub-Advisor dated April 29, 2019 which supersedes and replaces the sub-advisory agreement dated October 25, 2016. Among other duties, the Sub-Advisor has the authority to identify, negotiate, acquire and originate the Company’s investments and provide portfolio management, disposition, property management and leasing services to the Company. Notwithstanding such delegation to the Sub-Advisor, the Advisor retains ultimate responsibility for the performance of all the matters entrusted to it under the Advisory Agreement, including those duties which the Advisor has not delegated to the Sub-Advisor such as (i) valuation of the Company’s assets and calculation of the Company’s net asset value (“NAV”); (ii) management of the Company’s day-to-day operations; (iii) preparation of stockholder reports and communications and arrangement of the Company’s annual stockholder meeting; and (iv) advising the Company regarding its initial qualification as a REIT for U.S. federal income tax purposes and monitoring its ongoing compliance with the REIT qualification requirements thereafter.

On October 25, 2016, the Company commenced a private offering (the “Private Offering”) of up to $500,000 in shares of Class P common stock (“Class P Shares”). Inland Securities Corporation, an affiliate of the Advisor (the “Dealer Manager”), was the dealer manager for the Private Offering. On June 28, 2019, the Company terminated the Private Offering. As of August 13, 2019, the Company had received and accepted investors’ subscriptions for and issued 10,258,094 Class P Shares in the Private Offering, resulting in gross proceeds of $276,681.

On March 22, 2019, the Company filed a Registration Statement on Form S-11 (File No. 333-230465) (the “Registration Statement”) to register up to $2,350,000 in shares of common stock (the “IPO”). On May 3, 2019, the Securities and Exchange Commission (the “SEC”) declared effective the Registration Statement. On April 29, 2019, the Company entered into a dealer manager agreement (the “Dealer Manager Agreement”) with the Dealer Manager pursuant to which the Dealer Manager serves as the exclusive dealer manager for the IPO on a best efforts basis.

On April 29, 2019, the Company filed articles of amendment with the State Department of Assessments and Taxation of the State of Maryland (the “SDAT”) (i) to modify the number of shares of capital stock the Company has authority to issue under its charter from 500,000,000 to 3,050,000,000, consisting of 3,000,000,000 Class P common shares and 50,000,000 shares of preferred stock, and (ii) to modify the aggregate par value of all authorized shares of stock from $500 to $3,050.

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

500,000,000 authorized but unissued Class P common shares as Class S common shares; and (v) 500,000,000 authorized but unissued Class P common shares as Class T common shares.

Note 2 – Summary of Significant Accounting Policies

Disclosures discussing all significant accounting policies are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “Annual Report”), as filed with the SEC on March 12, 2019, under the heading Note 2 – Summary of Significant Accounting Policies. There have been no changes to the Company’s significant accounting policies for the six-months ended June 30, 2019.

Basis of Accounting

The accompanying consolidated financial statements and related footnotes have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and require management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the reported periods. Actual results could differ from such estimates.

In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation.

Certain amounts in prior period consolidated financial statements have been reclassified to conform with the current period presentation.

Cash, Cash Equivalents and Restricted Cash

Cash and cash equivalents include funds on deposit with financial institutions, including demand deposits with financial institutions with original maturities of three months or less. The account balance may exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance coverage limits and, as a result, there could be a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage limits. The Company believes that the risk will not be significant, as the Company does not anticipate the financial institutions’ non-performance.

Restricted cash represents cash the Company is required to hold in a segregated account. As of June 30, 2019 and December 31, 2018, the restricted cash was held as additional collateral on real estate securities repurchase agreements.

The following table provides a reconciliation of cash, cash equivalents and restricted cash in the Company’s consolidated balance sheets to the total amount shown in the Company’s consolidated statements of cash flows:

	June 30,		December 31,
	2019		2018
Cash and cash equivalents	$	47,442	$	27,530
Restricted cash		474		967
Total cash, cash equivalents, and restricted cash	$	47,916	$	28,497

Accounting Pronouncements Recently Issued but Not Yet Effective

In June 2016, the Financial Accounting Standards Board issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”), which changes how entities measure credit losses for financial assets carried at amortized cost. ASU 2016-13 eliminates the requirement that a credit loss must be probable before it can be recognized and instead requires an entity to recognize the current estimate of all expected credit losses. ASU 2016-13 is effective for SEC filers for reporting periods beginning after December 15, 2019. The amendments may be adopted early for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact ASU 2016-13 will have on its allowance for loan losses estimate.

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

Note 3 – Commercial Mortgage Loans Held for Investment

The tables below show the Company’s commercial mortgage loans held for investment as of June 30, 2019 and December 31, 2018:

June 30, 2019

	Number of Loans		Principal Balance		Unamortized (fees)/costs, net			Carrying Value		Weighted Average Interest Rate			Weighted Average Years to Maturity
First mortgage loans		25	$	420,304	$	(3,177	)	$	417,127		6.2	%		2.0
Credit loans		2		10,500		—			10,500		9.2	%		7.0
Total and average		27	$	430,804	$	(3,177	)	$	427,627		6.3	%		2.1

December 31, 2018

	Number of Loans		Principal Balance		Unamortized (fees)/costs, net			Carrying Value		Weighted Average Interest Rate			Weighted Average Years to Maturity
First mortgage loans		16	$	241,225	$	(2,152	)	$	239,073		6.4	%		2.2
Credit loans		2		10,500		—			10,500		9.2	%		7.5
Total and average		18	$	251,725	$	(2,152	)	$	249,573		6.5	%		2.5

Credit Characteristics

As part of the Company’s process for monitoring the credit quality of its investments, it performs a quarterly asset review of the investment portfolio and assigns risk ratings to each of its loans and CMBS. Risk factors include payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographic location, as well as national and regional economic factors. To determine the likelihood of loss, the loans are rated on a 5-point scale as follows:

Investment Grade	Investment Grade Definition
1	Investment exceeding fundamental performance expectations and/or capital gain expected. Trends and risk factors since time of investment are favorable.
2	Performing consistent with expectations and a full return of principal and interest expected. Trends and risk factors are neutral to favorable.
3	Performing investment requiring closer monitoring. Trends and risk factors show some deterioration. Collection of principal and interest is still expected.
4	Underperforming investment with the potential of some interest loss but still expecting a positive return on investment. Trends and risk factors are negative.
5	Underperforming investment with expected loss of interest and some principal.

All investments are assigned an initial risk rating of 2 at origination or acquisition.

As of June 30, 2019, 26 loans had a risk rating of 2 and one had a risk rating of 3. As of December 31, 2018, 17 loans had a risk rating of 2 and one had a risk rating of 3. The Company has not recorded any allowance for loan losses as the Company did not consider a loan loss to be probable.

Note 4 – Real Estate Securities

The Company classified its real estate securities as available-for-sale. These investments are reported at fair value in the consolidated balance sheets with changes in fair value recorded in other income or loss in the consolidated statements of operations.

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

The tables below show the Company’s real estate securities as of June 30, 2019 and December 31, 2018:

June 30, 2019

Number of Positions		External Credit Rating	Collateral	Weighted Average Interest Rate			Weighted Average Years to Maturity	Par Value		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value		Realized Losses
3		AAA	Hospitality, Office		3.2	%	0.6	$	20,284	$	20,204	$	42	$	(4	)	$	20,242	$	(43	)
1		AA-	Hospitality		3.4	%	1.0		2,000		1,999		—		(1	)		1,998		—
7		BB-	Retail, Hospitality, Mixed Use, Multifamily		4.9	%	1.4		56,378		56,328		287		(21	)		56,594		—
3		Unrated	Hospitality		7.6	%	1.3		55,275		54,614		243		—			54,857		—
	14				5.8	%	1.2	$	133,937	$	133,145	$	572	$	(26	)	$	133,691	$	(43	)

December 31, 2018

Number of Positions		External Credit Rating	Collateral	Weighted Average Interest Rate			Weighted Average Years to Maturity	Par Value		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
2		AAA	Hospitality		3.4	%	0.7	$	20,310	$	20,310	$	—	$	(277	)	$	20,033
1		AA-	Hospitality		3.5	%	1.4		2,000		1,998		—		(31	)		1,967
5		BB-	Retail, Hospitality		5.3	%	1.6		38,512		38,438		—		(460	)		37,978
2		Unrated	Hospitality		7.7	%	1.4		32,700		31,715		—		(475	)		31,240
	10				5.7	%	1.3	$	93,522	$	92,461	$	—	$	(1,243	)	$	91,218

At June 30, 2019, the Company held 14 CMBS with a total carrying value of $133,691 including a total unrealized gain of $572 and a total unrealized loss of $26. As of June 30, 2019, the amortized cost was $792 less than the par value of $133,937 due to five real estate securities purchased at a discount. At December 31, 2018, the Company held 10 CMBS with a total carrying value of $91,218 including a total unrealized loss of $1,243. As of December 31, 2018, the amortized cost was $1,061 less than the par value of $93,522 due to three real estate securities purchased at a discount. As of June 30, 2019 and December 31, 2018, no position had an unrealized loss for a period greater than 12 months. During the three and six-months ended June 30, 2019, the Company sold real estate securities for $9,211 that resulted in realized losses of $43. The Company did not have any realized gains or losses during the three and six-months ended June 30, 2018.

As June 30, 2019 and December 31, 2018, each of the CMBS were assigned an internal risk rating of 2.

Note 5 – Repurchase Agreements

Commercial Mortgage Loans

On February 15, 2018, the Company, through a wholly owned subsidiary, entered into a master repurchase agreement (the “CF Repo Facility”) with Column Financial, Inc. as administrative agent for certain of its affiliates. The CF Repo Facility had an initial advance amount of $100,000 subject to a maximum advance amount of $250,000. The Company increased the advance amount in August 2018 to $175,000, and in January 2019 to the maximum of $250,000. The initial term of the CF Repo Facility was 12 months and the Company extended the maturity date in May 2019 to May 2020. The CF Repo Facility is used to finance eligible loans and acts in the manner of a revolving credit facility that can be repaid as the Company’s assets are paid off and re-drawn as advances against new assets. Advances under the CF Repo Facility accrue interest at a per annum rate equal to London Interbank Offered Rate (“LIBOR”) plus 2.25%. The CF Repo Facility is subject to certain financial covenants. The Company was in compliance with all financial covenant requirements as of June 30, 2019 and December 31, 2018.

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

advances that the Company expects to use to finance the acquisition or origination of eligible loans and participation interests therein. Advances under the JPM Repo Facility accrue interest at per annum rates equal to the sum of (i) the applicable LIBOR index rate plus (ii) a margin of between 1.75% to 2.25%, depending on the attributes of the purchased assets. The initial maturity date of the JPM Repo Facility is May 6, 2021, with two successive one-year extensions at the Company’s option, which may be exercised upon the satisfaction of certain conditions. The JPM Repo Facility is subject to certain financial covenants. The Company was in compliance with all financial covenant requirements as of June 30, 2019.

The JPM Repo Facility and CF Repo Facility (collectively, the “Repo Facilities”) each act in the manner of a revolving credit facility that can be repaid as the Company’s assets are paid off and re-drawn as advances against new assets.

The tables below show the Company’s Repo Facilities as of June 30, 2019 and December 31, 2018:

June 30, 2019									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
CF Repo Facility	$	250,000	$	235,610	$	395	$	331,517		4.65	%		318
JPM Repo Facility		150,000		43,495		58		84,038		4.30	%		676
	$	400,000	$	279,105	$	453	$	415,555		4.59	%		374

December 31, 2018									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity

CF Repo Facility	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317
JPM Repo Facility		—		—		—		—		—			—
	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317

(1)	Excluding $89 and $77 of unamortized debt issuance costs at June 30, 2019 and December 31, 2018, respectively.

Real Estate Securities

The Company entered into two master repurchase agreements for real estate securities with separate counterparties and had the following balances outstanding as described in the table below:

							Weighted Average
	Amount Outstanding		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
As of June 30, 2019	$	82,756	$	75	$	115,721		3.87	%		19
As of December 31, 2018	$	61,871	$	128	$	84,646		3.79	%		9

The total amount outstanding as of June 30, 2019 and December 31, 2018 was with JP Morgan Securities LLC. In addition, the master repurchase agreements are subject to certain financial covenants. The Company was in compliance with all financial covenant requirements as of June 30, 2019 and December 31, 2018.

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

Note 6 – Stockholders’ Equity

During the six-months ended June 30, 2019, pursuant to the Private Offering, the Company issued 3,495,435 Class P Shares at an average price of $26.98 per share with total net proceeds of $87,995 after offering costs of $6,321. In addition, the Company incurred $267 in reimbursable deferred offering costs that were payable to the Advisor and Sub-Advisor from future stock issuances.

During the six-months ended June 30, 2018, the Company issued 1,725,216 Class P Shares at an average price of $27.14 per share with total net proceeds of $43,174 after offering costs of $3,654. In addition, the Company incurred $276 in reimbursable deferred offering costs that were payable to the Advisor and Sub-Advisor from future stock issuance.

On June 28, 2019, the Company terminated the Private Offering in anticipation of selling shares in conjunction with the IPO. The Company continued to accept Private Offering subscription proceeds through July 16, 2019 from subscription agreements executed no later than June 28, 2019.

During the six-months ended June 30, 2019 and 2018, the Company did not issue any or have any outstanding shares of Class A, Class T, Class S, Class D or Class I common stock.

The following table details the change in the Company’s outstanding shares of Class P Shares, including restricted common stock:

	Six-months ended June 30,
	2019			2018
Beginning balance		5,940,744			1,733,392
Issuance of Class P Shares		3,495,435			1,725,216
Issuance of restricted Class P Shares		2,400			—
Redemptions		(3,586	)		—
Ending balance		9,434,993			3,458,608

Distributions

During the six-months ended June 30, 2019 and 2018, the Company paid distributions on Class P Shares based on daily record dates, payable in arrears the following month, equal to a daily amount of 1/365^th of $1.92 per share. The table below presents the distributions paid and declared during the three and six months ended June 30, 2019 and 2018.

	Three-months ended June 30,				Six-months ended June 30,
	2019		2018		2019		2018
Distributions paid	$	3,762	$	1,271	$	6,684	$	2,153
Distributions declared	$	3,977	$	1,402	$	7,148	$	2,410

As of June 30, 2019 and December 31, 2018, distributions declared but not yet paid amounted to $1,405 and $941, respectively. As of June 30, 2019 and December 31, 2018, the Company had not declared or paid any distributions on Class A, Class T, Class S, Class D or Class I common stock.

Note 7 – Net Income Per Share

The following table is a summary of the basic and diluted net income per share computation for the three and six-months ended June 30, 2019 and 2018:

	Three-months ended June 30,				Six-months ended June 30,
	2019		2018		2019		2018
Net income	$	2,484	$	543	$	6,105	$	1,039
Weighted average shares outstanding, basic		8,287,246		2,920,697		7,486,495		2,522,468
Weighted average shares outstanding, diluted		8,287,480		2,920,781		7,486,628		2,522,535
Net income per share, basic and diluted	$	0.30	$	0.19	$	0.82	$	0.41

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

Note 8 – Commitments and Contingencies

In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. The Company has no knowledge of material legal or regulatory proceedings pending or known to be contemplated against the Company at this time.

The Company has made a commitment to advance additional funds under certain of its CRE loans if the borrower meets certain conditions. As of June 30, 2019 and December 31, 2018, the Company had 19 and 13 CRE loans, respectively, with a total remaining future funding commitment of $45,352 and $30,343, respectively. The Company would advance future funds at its discretion if requested by the borrower and the borrower meets certain requirements as specified in individual loan agreements.

Note 9 – Transactions with Related Parties

As of June 30, 2019, the Advisor had invested $1,000 in the Company through the purchase of 40,040 Class P Shares. The purchase price per Class P Share for the Advisor’s investment was $25.00, with no payment of selling commissions, dealer manager fees or organization and offering expenses. The Advisor has agreed pursuant to its subscription agreement that, for so long as it or its affiliate is serving as the Advisor, (i) it will not sell or transfer at least 8,000 of the Class P Shares that it has purchased, accounting for $200 of its investment, to an unaffiliated third party; (ii) it will not be eligible to submit a request for these 40,040 Class P Shares pursuant to the Company’s share repurchase program prior to the fifth anniversary of the date on which such Class P Shares were purchased (November 2021); and (iii) repurchase requests made for these Class P Shares will only be accepted (a) on the last business day of a calendar quarter, (b) after all repurchase requests from all other stockholders for such quarter have been accepted and (c) to the extent that such repurchases do not cause total repurchases in the quarter in which they are being repurchased to exceed that quarter’s repurchase cap.

As of June 30, 2019, Sound Point Capital Management, LP (“Sound Point”), an affiliate of the Sub-Advisor, had invested $3,000 in the Company through the purchase of 120,000 Class P Shares. The purchase price per Class P Share for this investment was $25.00, with no payment of selling commissions, dealer manager fees or organization and offering expenses. Sound Point has agreed pursuant to its subscription agreement that, for so long as the Sub-Advisor or its affiliate is serving as the Sub-Advisor, (i) it will not be eligible to submit a request for the repurchase of these 120,000 Class P Shares pursuant to the Company’s share repurchase program prior to the fifth anniversary of the date on which such Class P Shares were purchased (November 2021); and (ii) repurchase requests made for these Class P Shares will only be accepted (a) on the last business day of a calendar quarter, (b) after all repurchase requests from all other stockholders for such quarter have been accepted and (c) to the extent that such repurchases do not cause total repurchases in the quarter in which they are being repurchased to exceed that quarter’s repurchase cap.

The following table summarizes the Company’s related party transactions for the three and six-months ended June 30, 2019 and 2018 and the amount due to related parties at June 30, 2019 and December 31, 2018:

	Three-months ended June 30,				Six-months ended June 30,				Payable as of June 30,		Payable as of December 31,
	2019		2018		2019		2018		2019		2018
Organization and offering expense reimbursement⁽¹⁾	$	155	$	154	$	267	$	276	$	67	$	512
Selling commissions and dealer manager fee⁽²⁾		3,132		1,747		5,617		3,043		—		—
Advisory fee⁽³⁾		1,954		539		3,485		539		1,954		1,161
Operating expense reimbursement⁽⁴⁾		3		4		5		5		3		7
Total	$	5,244	$	2,444	$	9,374	$	3,863	$	2,024	$	1,680

(1)

The Company reimburses the Advisor, the Sub-Advisor and their respective affiliates for costs and other expenses related to the Private Offering, provided that aggregate reimbursements of such costs and expenses shall not exceed the organization and offering expenses paid by investors in connection with the sale of Class P Shares in the Private Offering. The Company also reimburses the Advisor, the Sub-Advisor and their respective affiliates for costs and other expenses related to the IPO, provided the Advisor has agreed to reimburse the Company to the extent that the organization and offering expenses that the Company incurs exceeds 15% of its gross proceeds from the IPO. Offering costs are offset against stockholders’ equity when paid. Unpaid amounts are recorded as deferred offering costs and included in due to related parties in these consolidated balance sheets.

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

(2)	The Dealer Manager received selling commissions up to 5%, and a dealer manager fee up to 3%, of the transaction price for each Class P Share sold in the Private Offering, the majority of which was paid to third-party broker-dealers.

(3)

The Company pays the Advisor an advisory fee comprised of (1) a fixed component and (2) a performance component. Pursuant to the Prior Advisory Agreement, (1) the fixed component of the advisory fee was paid quarterly in arrears in an amount equal to 1/4th of 1.5% of the average aggregate value of the Company’s assets over such quarter, where the value of each asset shall be the value determined in accordance with the Company’s valuation policies or, if such value has not yet been determined, the book value of the asset; and (2) the performance component of the advisory fee was calculated and paid annually with respect to the Class P Shares, such that for any year in which the Company’s total return per Class P Share exceeds 7% per annum, the Advisor received 20% of the excess total return allocable to the Class P Shares; provided that in no event did the performance component of the advisory fee exceed 15% of the aggregate total return allocable to Class P Shares for such year. The Advisor waived the advisory fee for all periods prior to April 1, 2018. On April 29, 2019, the Company, the Advisor and the Operating Partnership entered in the Advisory Agreement, which supersedes and replaces the Prior Advisory Agreement. Pursuant to the Advisory Agreement, (1) the fixed component of the advisory fee is paid in an amount equal to (i) prior to July 17, 2019 (the “NAV Pricing Date”), 1/4th of 1.5% per annum of the gross value of the Company’s assets, paid quarterly in arrears, and (ii) following the NAV Pricing Date, 1/12th of 1.25% per annum of the gross value of the Company’s assets, paid monthly in arrears, provided that any such monthly payment shall not exceed 1/12th of 2.5% of the Company’s NAV; and (2) the performance component of the advisory fee is calculated and paid annually, such that for any year in which the Company’s total return per share exceeds 7% per annum, the Advisor will receive 20% of the excess total return allocable to shares of the Company’s common stock; provided that in no event will the performance fee exceed 15% of the aggregate total return allocable to shares of the Company’s common stock for such year.

(4)

The Company reimburses the Advisor for expenses that it (or the Sub-Advisor acting on the Advisor’s behalf) incurs in connection with providing services to the Company, provided that the Company does not reimburse overhead costs, including rent and utilities or personnel costs (including salaries, bonuses, benefits and severance payments) and the Company will only reimburse the Advisor for fees payable to its affiliates if they are incurred for legal or marketing services rendered on the Company’s behalf.

Note 10 – Equity-Based Compensation

Under the Company’s Independent Director Restricted Share Plan, restricted shares generally vest over a three-year vesting period from the date of the grant, subject to the specific terms of the grant. Restricted shares are included in common stock outstanding on the date of vesting. The grant-date value of the restricted shares is amortized over the vesting period representing the requisite service period. On January 7, 2019, the Company granted each of its three independent directors 400 restricted Class P Shares for a total of 1,200 Class P Shares with a total value of $30. These restricted Class P Shares vest in equal one-third increments on January 7, 2020, 2021 and 2022. On March 1, 2018, the Company granted each of its three independent directors 400 restricted Class P Shares for a total of 1,200 Class P Shares with a total value of $30. These restricted Class P Shares vest in equal one-third increments on March 1, 2019, 2020 and 2021.

Compensation expense associated with the restricted shares issued to the independent directors was $5 and $10, in the aggregate, for the three and six-months ended June 30, 2019, respectively. Compensation expense associated with the restricted shares issued to the independent directors was $3 for both the three and six-months ended June 30, 2018. As of June 30, 2019, the Company had $42 of unrecognized compensation expense related to the unvested restricted shares, in the aggregate. The weighted average remaining period that compensation expense related to unvested restricted shares will be recognized is 2.09 years.

A summary table of the status of the restricted shares is presented below:

	Restricted Shares			Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value
Outstanding at December 31, 2018		1,200		$	30		$	30
Granted		1,200			30			30
Vested		(400	)		(10	)		(10	)
Converted		—			—			—
Forfeited		—			—			—
Outstanding at June 30, 2019		2,000		$	50		$	50

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

Note 11 – Fair Value of Financial Instruments

The following table presents the Company’s financial instruments carried at fair value in the consolidated balance sheets by their level in the fair value hierarchy (see Note 2 – Summary of Significant Accounting Policies included in the Annual Report) as of June 30, 2019 and December 31, 2018:

	June 30, 2019								December 31, 2018
	Total		Level I		Level II		Level III		Total		Level I		Level II		Level III
Real estate securities	$	133,691		—	$	133,691		—	$	91,218		—	$	91,218		—

The Company did not transfer any assets within fair value levels during the three and six months ended June 30, 2019 and 2018.

GAAP requires the disclosure of fair value information about financial instruments, whether or not they are recognized at fair value in the consolidated balance sheets, for which it is practicable to estimate that value. The following table details the carrying amount and estimated fair value of the Company’s financial instruments at the dates below:

	June 30, 2019				December 31, 2018
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial assets
Cash and cash equivalents	$	47,442	$	47,442	$	27,530	$	27,530
Restricted cash		474		474		967		967
Commercial mortgage loans, net		427,627		432,697		249,573		250,156
Total	$	475,543	$	480,613	$	278,070	$	278,653
Financial liabilities
Repurchase agreements - real estate securities	$	82,756	$	82,756	$	61,871	$	61,871
Repurchase agreements - commercial mortgage loans		279,016		279,016		164,333		164,333
Total	$	361,772	$	361,772	$	226,204	$	226,204

The following describes the Company’s methods for estimating the fair value for financial instruments:

•	The estimated fair value of cash and cash equivalents and restricted cash was based on the bank balance and was a Level 1 fair value measurement.

•

The estimated fair value of commercial mortgage loans, net is a Level 3 fair value measurement. The Sub-Advisor estimates the fair values of commercial loans by analyzing interest rate spreads on loans based on various factors including capitalization rates, occupancy rates, sponsorship, geographic concentration, collateral type, market conditions and actions of other lenders.

•

The estimated fair value of repurchase agreements is a Level 3 fair value measurement based on an expected present value technique. This method discounts future estimated cash flows using rates the Company determined best reflect current market interest rates that would be offered for repurchase agreements with similar characteristics and credit quality.

Note 12 – Subsequent Events

The Company has evaluated subsequent events through August 14, 2019, the date the financial statements were issued, and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements except for the following transactions:

InPoint Commercial Real Estate Income, Inc.

Notes to Consolidated Financial Statements

June 30, 2019

(Unaudited, dollar amounts in thousands, except share data)

Sale of Common Stock

As of August 13, 2019, the Company had received gross proceeds of $277,271 from the issuance of its common stock.

Distributions

Class P Shares

On August 13, 2019, the Company’s board of directors declared distributions payable to holders of record of Class P Shares as of the close of business on August 31, 2019 in an amount equal to 1/12th of $1.92 per share.

The table below sets forth the distributions paid after June 30, 2019 to holders of Class P shares in cash monthly in arrears:

Distribution Period

Month

Distribution Paid

Distribution Amount

June 2019

July 2019

1,405

July 2019

August 2019

1,644

Publicly Offered Shares

On July 2, 2019, the Company declared distributions for each publicly offered class of its common stock in the amount per share set forth below:

	Gross Distribution⁽¹⁾
Class A Common Stock	$	0.135
Class D Common Stock	$	0.135
Class I Common Stock	$	0.135
Class S Common Stock	$	0.135
Class T Common Stock	$	0.135

(1)

The gross distribution for the Class D, Class S and Class T common stock will be reduced by class-specific stockholder

servicing fees, resulting in a lower net distribution per share.

The net distributions for each class of common stock (which represents the gross distributions less stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record as of the close of business on August 31, 2019 and will be paid on or about September 18, 2019. These distributions will be paid in cash or, for stockholders participating in the Company’s distribution reinvestment plan, reinvested in shares of the Company’s common stock.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Certain statements in this Quarterly Report on Form 10-Q constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Words such as “may,” “could,” “should,” “expect,” “intend,” “plan,” “goal,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “variables,” “potential,” “continue,” “expand,” “maintain,” “create,” “strategies,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, are intended to identify forward-looking statements.

These forward-looking statements are not historical facts but reflect the intent, belief or current expectations of the management of InPoint Commercial Real Estate Income, Inc. (which we refer to herein as the “Company,” “we,” “our” or “us”) based on their knowledge and understanding of the business and industry, the economy and other future conditions. These statements are not guarantees of future performance, and we caution stockholders not to place undue reliance on forward-looking statements. Actual results may differ materially from those expressed or forecasted in the forward-looking statements due to a variety of risks, uncertainties and other factors, including but not limited to the factors described below:

•	Market disruptions may adversely impact many aspects of our operating results and operating condition;

•	If we cannot generate sufficient cash flow from operations to fully fund distributions, some or all of our distributions may be paid from other sources, including from the proceeds from sales of our common stock, which will reduce the amount of cash we ultimately have to invest in assets;

•

There is no current public trading market for our common stock, and we do not expect that such a market will ever develop. Therefore, repurchase of shares by us will likely be the only way for stockholders to dispose of their shares and even if our stockholders are able to sell their shares by our share repurchase program, or otherwise, they may not be able to recover the amount of their investment in our shares;

•	Our charter generally limits the total amount we may borrow to 300% of our net assets, equivalent to 75% of the costs of our assets;

•	Inland InPoint Advisor, LLC (our “Advisor”) and SPCRE InPoint Advisors, LLC (our “Sub-Advisor”) may face conflicts of interest in allocating personnel and resources between their affiliates;

•	We do not have arm’s-length agreements with our Advisor, our Sub-Advisor or any affiliates of our Advisor or Sub-Advisor; and

•	If we fail to continue to qualify as a real estate investment trust (“REIT”), our operations and distributions to stockholders will be adversely affected.

Forward-looking statements in this Quarterly Report on Form 10-Q reflect our management’s view only as of the date of this Quarterly Report, and may ultimately prove to be incorrect or false. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results except as required by applicable law. We intend for these forward-looking statements to be covered by the applicable safe harbor provisions created by Section 27A of the Securities Act and Section 21E of the Exchange Act.

The following discussion and analysis relate to the three and six-months ended June 30, 2019 and 2018 and as of June 30, 2019 and December 31, 2018. You should read the following discussion and analysis along with our consolidated financial statements and the related notes included in this Quarterly Report on Form 10-Q. All dollar amounts are stated in thousands, except share data.

Overview

We are a Maryland corporation formed on September 13, 2016 to originate, acquire and manage an investment portfolio of commercial real estate (“CRE”) investments primarily comprised of (i) CRE debt, including floating-rate first mortgage loans, subordinate mortgage and mezzanine loans, and participations in such loans and (ii) floating-rate CRE securities such as commercial mortgage-backed securities (“CMBS”) and senior unsecured debt of publicly traded REITs. We may also invest in select equity investments in single-tenant, net leased properties. Substantially all of our business is conducted through InPoint Operating Partnership, LP (our “Operating Partnership”), of which we are the sole general partner. We are externally managed by our Advisor, an indirect subsidiary of Inland Real Estate Investment Corporation. Our Advisor has engaged the Sub-Advisor, a subsidiary of Sound Point CRE Management, LP, to perform certain services on behalf of the Advisor for us.

We have operated in a manner that allows us to qualify as a REIT for U.S. federal income tax purposes commencing with the taxable year ending December 31, 2017. Among other requirements, REITs are required to distribute to stockholders at least 90% of their annual REIT taxable income (computed without regard to the dividends-paid deduction and excluding net capital gain).

On October 25, 2016, we commenced a private offering (the “Private Offering”) of up to $500,000 in shares of our Class P common stock (“Class P Shares”). The most recently offered purchase price per Class P Share in the Private Offering equaled $25.00 plus applicable selling commissions, dealer manager fees and organization and offering expenses, resulting in a total purchase price of $27.38 per Class P Share if maximum selling commissions, dealer manager fees and organization and offering expenses were paid. Inland Securities Corporation, an affiliate of our Advisor (the “Dealer Manager”), was our dealer manager for the Private Offering. On June 28, 2019, we terminated the Private Offering. As of August 13, 2019, we had received and accepted investors’ subscriptions for and issued 10,258,094 Class P Shares in the Private Offering, resulting in gross proceeds of $276,681.

On May 3, 2019, we commenced an initial public offering of up to $2,350,000 in shares of our Class A, Class T, Class S, Class D and Class I common stock (the “IPO”) pursuant to our Registration Statement on Form S-11 (File No. 333-230465). Prior to July 17, 2019 (the “NAV Pricing Date”), the purchase price for each class of our common stock in our primary offering was $25.00 per share, plus applicable upfront selling commissions and dealer manager fees, and the per share purchase price for shares of our common stock in our distribution reinvestment plan was $25.00. Following the NAV Pricing Date, the purchase price per share for each class of common stock will vary and will generally equal our prior month’s net asset value (“NAV”) per share, as determined monthly, plus applicable upfront selling commissions and dealer manager fees. The Dealer Manager serves as our exclusive dealer manager for the IPO on a best efforts basis. As of August 13, 2019, we had received and accepted investors’ subscriptions for and issued 20,689 and 2,111 of Class T and Class I shares of common stock, respectively, in the IPO, resulting in gross proceeds of $590. As of August 13, 2019, $2,349,410 of our shares of common stock remained to be sold in the IPO.

Significant Accounting Policies and Use of Estimates

Disclosures discussing all significant accounting policies are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “Annual Report”), as filed with the Securities and Exchange Commission (the “SEC”) on March 12, 2019, under the heading “Note 2 – Summary of Significant Accounting Policies.” There have been no changes to the Company’s significant accounting policies for the six-months ended June 30, 2019.

Portfolio

We began operations in October 2016 and our objective is to originate, acquire and manage an investment portfolio of CRE debt and CRE securities that is primarily floating rate and diversified based on the type and location of collateral securing the underlying CRE debt and CRE securities. We anticipate our investment portfolio will be less diversified and have higher concentrations in asset class, collateral type and geographic location until our capital raise reaches levels that will allow for greater diversification.

The charts below summarize our portfolio as a percentage of par value by type of rate, loan type, collateral type and geographical region as of June 30, 2019 and December 31, 2018:

An investment’s region is defined according to the below map based on the location of underlying property.

The changes in our portfolio as of June 30, 2019 compared to December 31, 2018 were primarily due to the new loans originated and real estate securities purchased during the period. Due to the small number of investments in our portfolio, the changes in the portfolio composition may be significant. We anticipate that these changes will become less significant as our portfolio increases in size.

Commercial Mortgage Loans Held for Investment

	As of June 30, 2019			As of December 31, 2018

Principal balance of first mortgage loans	$	420,304		$	241,225
Number of first mortgage loans		25			16
Principal balance of credit loans	$	10,500		$	10,500
Number of credit loans		2			2
Total balance of loans	$	430,804		$	251,725
Total number of loans		27			18
Weighted average interest rate (1)		6.3	%		6.5	%
Weighted average yield (1)		6.3	%		6.6	%

(1)	Interest rate is the stated rate on the loan. Yield is the present value of all future principal and interest payments on the loan and does not include any origination fees or deferred commitment fees.

The increase in the size of our portfolio is due to investing capital received from the Private Offering and from increased leverage as we executed on our business strategy. The change in weighted average interest rate was due to change in portfolio composition through the additional loans originated. Due to the small number of loans in our portfolio, the weighted average interest rate may change significantly as we continue to originate loans in the future.

The table below presents information for each of our commercial mortgage loans as of June 30, 2019:

	Origination Date	Loan Type ⁽¹⁾	Principal Balance		Interest Rate ⁽²⁾	Yield ⁽²⁾	Original Maturity ⁽³⁾	Maximum Maturity ⁽³⁾	State	Property Type	LTV ⁽⁴⁾	Risk Rating ⁽⁵⁾
1	12/12/17	First mortgage		14,385	L+4.70%	7.1%	01/09/21	01/09/23	HI	Office	67%		2
2	12/13/17	First mortgage		15,451	L+4.50%	6.9%	12/09/20	12/09/22	VA	Office	55%		2
3	03/22/18	First mortgage		13,727	L+3.75%	6.1%	04/09/21	04/09/23	CO	Retail	74%		2
4	04/10/18	First mortgage		6,900	L+3.50%	5.9%	04/09/21	04/09/23	OR	Multifamily	72%		2
5	05/04/18	First mortgage		31,000	L+4.00%	6.4%	05/09/21	05/09/23	PA	Industrial	64%		2
6	05/17/18	First mortgage		6,689	L+4.50%	6.9%	06/09/21	06/09/23	NC	Multifamily	54%		2
7	06/26/18	First mortgage		21,203	L+3.10%	5.5%	07/09/20	07/09/23	TX	Multifamily	60%		2
8	08/21/18	First mortgage		15,524	L+3.65%	6.0%	09/09/21	09/09/23	AZ	Multifamily	80%		2
9	09/07/18	First mortgage		23,477	L+3.75%	6.1%	09/09/21	09/09/23	TX	Office	73%		2
10	09/19/18	First mortgage		8,398	L+3.70%	6.1%	10/09/21	10/09/23	TX	Multifamily	69%		2
11	10/12/18	First mortgage		18,627	L+4.00%	6.4%	10/09/20	10/09/23	TX	Multifamily	76%		2
12	10/30/18	First mortgage		6,643	L+3.85%	6.2%	11/09/21	11/09/23	TX	Multifamily	76%		2
13	11/16/18	First mortgage		5,200	L+3.90%	6.3%	12/09/21	12/09/23	CA	Multifamily	64%		2
14	11/20/18	First mortgage		26,145	L+3.30%	5.7%	12/09/20	12/09/23	FL	Multifamily	78%		2
15	12/13/18	First mortgage		24,500	L+5.05%⁽⁶⁾	7.4%	12/09/20	12/09/21	IL	Hospitality	72%		3
16	12/20/18	First mortgage		16,150	L+4.20%	6.6%	01/09/22	01/09/24	AL	Hospitality	64%		2
17	01/24/19	First mortgage		14,200	L+3.40%	5.8%	02/09/22	02/09/24	NV	Multifamily	76%		2
18	01/25/19	First mortgage		9,167	L+3.45%	5.8%	02/09/22	02/09/24	IL	Multifamily	78%		2
19	03/22/19	First mortgage		42,000	L+4.60%	7.0%	07/09/20	01/01/21	NY	Mixed Use	33%		2
20	04/11/19	First mortgage		15,761	L+3.30%	5.7%	04/09/22	04/09/24	CA	Industrial	79%		2
21	04/25/19	First mortgage		5,277	L+4.00%	6.4%	05/09/21	05/09/24	TX	Multifamily	58%		2
22	05/29/19	First mortgage		24,000	L+3.25%	5.7%	06/09/22	06/09/24	TX	Multifamily	68%		2
23	05/31/19	First mortgage		12,130	L+3.25%	5.6%	06/09/22	06/09/24	CA	Multifamily	70%		2
24	06/18/19	First mortgage		39,000	L+2.75%	5.1%	07/09/22	07/09/24	TX	Office	72%		2
25	06/18/19	First mortgage		4,750	L+3.60%	5.9%	07/09/22	07/09/24	CA	Mixed Use	54%		2
26	09/29/17	Credit		7,500	9.20%	9.2%	10/11/27	10/11/27	NJ	Office	80%		2
27	03/27/18	Credit		3,000	9.35%	9.3%	04/01/23	04/01/23	FL	Hospitality	68%		2
				430,804		6.3%					67%	2

(1)	First mortgage loans are first position mortgage loans and credit loans are mezzanine and subordinated loans.

(2)

Interest rate is the stated rate on the loan. Yield is the present value of all future principal and interest payments on the loan and does not include any origination fees or deferred commitment fees. The total is the weighted average rate as of June 30, 2019 using London Interbank Offered Rate (“LIBOR”) of 2.3980%.

(3)	Original maturity is the first maturity on the loan and the maximum maturity assumes all extension options are exercised.

(4)	Loan-to-value (“LTV”) was determined at loan origination and is not updated for subsequent property valuations or loan modifications. The total is the weighted average LTV.

(5)	Risk rating is the internal risk rating assigned by the Sub-Advisor. The total is the average rating for the portfolio. See “Note 3 – Commercial Mortgage Loans Held for Investment” which is included in our notes to consolidated financial statements included in this Quarterly Report on Form 10-Q.

(6)	Interest rate increases to L+5.30% on the payment date in January 2020.

Real Estate Securities

The table below provides a summary of our real estate securities portfolio:

	As of June 30, 2019			As of December 31, 2018
Outstanding balance (fair value)	$	133,691		$	91,218
Number of real estate securities	14			10
Weighted average interest rate ⁽¹⁾		5.8	%		5.7	%
Average years to maturity		1.2			1.3
Weighted average yield ⁽²⁾		6.5	%		5.6	%
Portfolio ratings % of total outstanding:
AAA		15.0	%		22.0	%
AA-		2.0	%		2.0	%
BB-		42.0	%		41.0	%
Unrated		41.0	%		35.0	%

(1)	The weighted average interest rate is based off the balance of the bonds outstanding and the applicable rates.

(2)	The weighted average yield is calculated as interest income divided by the average carrying value.

We entered into master repurchase agreements to fund our investment portfolio. As of June 30, 2019 and December 31, 2018, we had total borrowings of $361,772 (which is net of $89 of unamortized debt issuance costs) and $226,204 (which is net of $77 of unamortized debt issuance costs), respectively. During the six-months ended June 30, 2019 and the year ended December 31, 2018, we had weighted average borrowings of $277,374 and $99,221 and weighted average borrowing costs of 4.5% and 4.1%, respectively. The increase in borrowings combined with the proceeds from the Private Offering were used to fund the growth in our investment portfolio. The increase in the weighted average borrowing costs were primarily due to the change in LIBOR during the period.

The increase in the size of our portfolio is due to investing the proceeds of the Private Offering on a levered basis to purchase additional real estate securities. The change in weighted average interest rate, weighted average yield and average years to maturity were due to the change in the portfolio composition.

The change in the ratings of our real estate securities was due to the change in the composition of our assets as we invested the capital from the Private Offering. Our credit process evaluates the underlying quality of the loans securing the CMBS at the time of purchase and we continually review the credit performance while we own the CMBS. Our Sub-Advisor performs a quarterly asset review of all our investments and assigns an internal risk rating to each. Each real estate security had a credit rating of 2 as of June 30, 2019 and December 31, 2018. See “Note 4 – Real Estate Securities” which is included in our notes to consolidated financial statements included in this Quarterly Report on Form 10-Q for further information. Ratings by national rating agencies are subject to change and may not be continuously updated, and therefore we do not place reliance on these ratings.

Results of Operations

Comparison of the Three-Months Ended June 30, 2019 to the Three-Months Ended June 30, 2018

Net Interest Income

Net interest income is generated on our interest-earning assets less related interest-bearing liabilities. The following table presents the average balance of interest-earning assets less related interest-bearing liabilities, associated interest income and expense and corresponding yield earned and incurred for the periods indicated.

	Three-Months Ended June 30,
	2019						2018
	Average Carrying Value ⁽¹⁾			Interest Income/ Expense ⁽²⁾⁽⁶⁾		Weighted Average Yield/Financing Cost ⁽³⁾	Average Carrying Value ⁽¹⁾			Interest Income/ Expense ⁽²⁾		Weighted Average Yield/Financing Cost ⁽³⁾
Interest-earning assets:
Real estate securities	$	105,681		$	1,756	6.6%	$	45,695		$	580	5.0%
Commercial mortgage loans		364,194			6,477	7.0%		80,872			1,406	6.9%
Total/Weighted Average	$	469,875		$	8,233	6.9%	$	126,567		$	1,986	6.2%
Interest-bearing liabilities:
Repurchase agreements—securities	$	75,516		$	732	3.8%	$	30,950		$	238	3.0%
Repurchase agreements—commercial mortgage loans		235,163			2,777	4.7%		43,121			467	4.3%
Total/Weighted Average	$	310,679		$	3,509	4.5%	$	74,071		$	705	3.8%
Net interest income/spread				$	4,724	2.5%				$	1,281	2.4%
Average leverage %⁽⁴⁾		195.2	%					141.1	%
Weighted average levered yield⁽⁵⁾						11.7%						9.7%

(1)	Based on amortized cost for real estate securities and principal amount for repurchase agreements. Amounts are calculated based on the average daily balance.

(2)	Includes the effect of amortization of premium or accretion of discount.

(3)	Calculated as interest income or expense divided by average carrying value.

(4)	Calculated by dividing total average interest-bearing liabilities by total average equity (total average interest-earning assets less total average liabilities).

(5)	Calculated by taking the sum of (i) the net interest spread multiplied by the average leverage and (ii) the weighted average yield on interest-earning assets.

(6)	Interest income excludes $223 and $0 for the three-months ended June 30, 2019 and 2018, respectively, related to bank deposits and Treasury bills not included in the investment portfolio.

The increase in our weighted average interest-earning assets and interest-bearing liabilities was due to the investment of proceeds from the Private Offering and through increased leverage as we executed our business strategy. The change in the weighted average yield and finance cost was due to the change in the portfolio composition as we invest the proceeds from the Private Offering and the changes in interest rates tied to LIBOR.

Operating Expenses

Operating expenses for the three-months ended June 30, 2019 and 2018 consisted of the following:

	Three-Months Ended June 30,
	2019		2018
Advisory fee	$	1,954	$	539
Debt finance costs		226		122
Directors compensation		23		21
Professional service fees		159		90
Other expenses		83		56
Total operating expenses	$	2,445	$	828

Total operating expenses for the three-months ended June 30, 2019 and 2018 were $2,445 and $828, respectively. The increase in the advisory fee during the three-months ended June 30, 2019, compared to the three-months ended June 30, 2018 was due to the increase in our assets upon which the advisory fee is based. We, through our wholly owned subsidiary, have entered into master repurchase agreements and incurred costs which are deferred over the loan term. The increase in debt finance costs were due to additional fees incurred to enter into a new repurchase agreement, and increase the maximum advance amount and extend the term of another agreement.

Other Income (Loss)

For the three-months ended June 30, 2019 and 2018, we had net unrealized (loss) gain of $(18) and $90, respectively. The changes were the result of the changes in market conditions that affected the price of our securities.

Net Income

For the three-months ended June 30, 2019 and 2018, our net income was $2,484 and $543, or $0.30 and $0.19 per share (basic and diluted), respectively. The increase in net income was primarily due to the increase in net interest income as our investment portfolio increased due to investing the proceeds from the Private Offering and borrowings.

Comparison of the Six-Months Ended June 30, 2019 to the Six-Months Ended June 30, 2018

Net Interest Income

	Six-Months Ended June 30,
	2019						2018
	Average Carrying Value ⁽¹⁾			Interest Income/ Expense ⁽²⁾⁽⁶⁾		Weighted Average Yield/Financing Cost ⁽³⁾	Average Carrying Value ⁽¹⁾			Interest Income/ Expense ⁽²⁾		Weighted Average Yield/Financing Cost ⁽³⁾
Interest-earning assets:
Real estate securities	$	100,838		$	3,309	6.5%	$	36,746		$	796	4.3%
Commercial mortgage loans		321,391			11,417	7.1%		57,836			2,020	6.9%
Total/Weighted Average	$	422,229		$	14,726	6.9%	$	94,582		$	2,816	5.9%
Interest-bearing liabilities:
Repurchase agreements—securities	$	71,371		$	1,374	3.8%	$	23,105		$	327	2.8%
Repurchase agreements—commercial mortgage loans		206,003			4,890	4.7%		22,348			481	4.3%
Total/Weighted Average	$	277,374		$	6,264	4.5%	$	45,453		$	808	3.5%
Net interest income/spread				$	8,462	2.4%				$	2,008	2.4%
Average leverage %⁽⁴⁾		191.5	%					92.5	%
Weighted average levered yield ⁽⁵⁾						11.6%						8.1%

(1)	Based on amortized cost for real estate securities and principal amount for repurchase agreements. Amounts are calculated based on the average daily balance.

(2)	Includes the effect of amortization of premium or accretion of discount.

(3)	Calculated as interest income or expense divided by average carrying value.

(4)	Calculated by dividing total average interest-bearing liabilities by total average equity (total average interest-earning assets less total average liabilities).

(5)	Calculated by taking the sum of (i) the net interest spread multiplied by the average leverage and (ii) the weighted average yield on interest-earning assets.

(6)	Interest income excludes $321 and $0 for the six-months ended June 30, 2019 and 2018, respectively, related to bank deposits and Treasury bills not included in the investment portfolio.

Operating Expenses

Operating expenses for the six-months ended June 30, 2019 and 2018 consisted of the following:

	Six-Months Ended June 30,
	2019		2018
Advisory fee	$	3,485	$	539
Debt finance costs		422		187
Directors compensation		43		42
Professional service fees		309		207
Other expenses		166		115
Total operating expenses	$	4,425	$	1,090

Total operating expenses for the six-months ended June 30, 2019 and 2018 were $4,425 and $1,090, respectively. The increase in the advisory fee during the six-months ended June 30, 2019, compared to the six-months ended June 30, 2018 was due to the increase in our assets upon which the advisory fee is based. We, through a wholly owned subsidiary, entered into master repurchase agreements and incurred costs which are deferred over the loan term. The increase in debt finance costs was due to additional fees incurred to enter into a new repurchase agreement and increase the maximum advance amount and to extend the term of another agreement.

Other Income

For the six-months ended June 30, 2019 and 2018, other income was $1,747 and $121, respectively, due to net unrealized gains created by our real estate securities. The changes were the result of the changes in market conditions that affected the price of our securities.

Net Income

For the six-months ended June 30, 2019 and 2018, our net income was $6,105 and $1,039, or $0.82 and $0.41 per share (basic and diluted), respectively. The increase in net income was primarily due to the increase in net interest income as our investment portfolio increased due to investing the proceeds from the Private Offering and borrowings.

Non-GAAP Financial Measures

Funds from Operations and Modified Funds from Operations

We use Funds from Operations (“FFO”), a widely accepted metric, to evaluate our performance. FFO provides a supplemental measure to compare our performance and operations to other REITs. Due to certain unique operating characteristics of real estate companies, the National Association of Real Estate Investment Trusts (“NAREIT”) has promulgated a standard known as FFO, which it believes more accurately reflects the operating performance of a REIT. As defined by NAREIT, FFO means net income computed in accordance with generally accepted accounting principles (“GAAP”), excluding gains (or losses) from sales of operating property, plus depreciation and amortization and after adjustments for unconsolidated entities. In addition, NAREIT has further clarified the FFO definition to add-back impairment write-downs of depreciable real estate or of investments in unconsolidated entities that are driven by measurable decreases in the fair value of depreciable real estate and to exclude the earnings impacts of cumulative effects of accounting changes. We have adopted the NAREIT definition for computing FFO.

Our business plan is to operate as a mortgage REIT with our portfolio consisting of CRE debt and CRE securities. We will typically have no FFO adjustments to our net income or loss computed in accordance with GAAP. Although we have the ability to acquire real property, we have not acquired any at this time and as such have not had any FFO adjustments to our net income or loss computed in accordance with GAAP.

Due to the unique features of publicly registered, non-listed REITs, the Institute for Portfolio Alternatives (“IPA”), an industry trade group, published a standardized measure known as Modified Funds from Operations (“MFFO”), which the IPA has promulgated as a supplemental measure for publicly registered non-listed REITs and which may be another appropriate supplemental measure to reflect the operating performance of a non-listed REIT.

The IPA defines MFFO as FFO adjusted for acquisition fees and expenses, amounts relating to straight line rents and amortization of premiums on debt investments, non-recurring impairments of real estate-related investments, mark-to-market adjustments included in net income, non-recurring gains or losses included in net income from the extinguishment or sale of debt, hedges, foreign exchange, derivatives or securities holdings where trading of such holdings is not a fundamental attribute of the business plan, unrealized gains or losses resulting from consolidation from, or deconsolidation to, equity accounting, and after adjustments for consolidated and unconsolidated partnerships and joint ventures.

We define MFFO in accordance with the concepts established by the IPA and adjust FFO for certain items, such as amortization of premium and discounts on real estate securities. We purchase real estate securities at a premium or discount to par value, and in accordance with GAAP, record the amortization of premium/accretion of the discount to interest income. We believe that excluding the amortization of premiums and discounts provides better insight to the expected contractual cash flows. In addition, we adjust FFO for unrealized gains or losses on real estate securities. Any mark-to-market or fair value adjustments are based on general market or overall industry conditions and may be temporary in nature.

Because MFFO may be a recognized measure of operating performance within the non-listed REIT industry, MFFO and the adjustments used to calculate it may be useful in order to evaluate our performance against other non-listed REITs. Like FFO, MFFO is not equivalent to our net income or loss as determined under GAAP, as detailed in the table below, and MFFO may not be a useful measure of the impact of long-term operating performance on value if we continue to acquire a significant amount of investments.

Our presentation of FFO and MFFO may not be comparable to other similarly titled measures presented by other REITs. We believe that the use of FFO and MFFO provides a more complete understanding of our operating performance to stockholders and to management, and when compared year over year, reflects the impact on our operations from trends in operating costs, general and administrative expenses, and interest costs. Neither FFO nor MFFO is intended to be an alternative to “net income” or to “cash flows

from operating activities” as determined by GAAP as a measure of our capacity to pay distributions. Management uses FFO and MFFO to compare our operating performance to that of other REITs and to assess our operating performance.

Neither the SEC, any other regulatory body nor NAREIT has passed judgment on the acceptability of the adjustments that we use to calculate FFO or MFFO. In the future, the SEC, another regulatory body or NAREIT may decide to standardize the allowable adjustments across the non-listed REIT industry and we would have to adjust our calculation and characterization of FFO or MFFO.

Our FFO and MFFO are calculated as follows:

	Three-months ended June 30,						Six-months ended June 30,
	2019			2018			2019			2018
GAAP net income	$	2,484		$	543		$	6,105		$	1,039
Funds from operations	$	2,484		$	543		$	6,105		$	1,039

Amortization of (discount) premium on real estate securities		(206	)		(51	)		(383	)		(51	)
Unrealized (gain) loss on real estate securities		18			(90	)		(1,790	)		(121	)
Amortization of debt financing costs		226			122			422			187
Modified funds from operations	$	2,522		$	524		$	4,354		$	1,054

Net Asset Value

Prior to the NAV Pricing Date, the purchase price for each class of our common stock was $25.00 per share, plus applicable upfront selling commissions and dealer manager fees. Following the NAV Pricing Date, the purchase price per share for each class of our common stock will generally equal our prior month’s NAV per share, as determined monthly, plus applicable selling commissions and dealer manager fees. Our NAV for each class of shares is based on the net asset values of our investments, the addition of any other assets (such as cash on hand) and the deduction of any liabilities, including the allocation/accrual of any performance participation and any stockholder servicing fees applicable to such class of shares.

The following table provides a breakdown of the major components of our NAV:

Components of NAV	As of June 30, 2019
Commercial mortgage loans	$	432,697
Real estate securities		133,691
Cash and cash equivalents and restricted cash		47,916
Other assets		7,719
Repurchase agreements - commercial mortgage loans		(279,016	)
Repurchase agreements - real estate securities		(82,756	)
Payable for securities purchased		(18,001	)
Due to related parties		(2,024	)
Distributions payable		(1,405	)
Interest payable		(528	)
Accrued stockholder servicing fees		—
Other liabilities		(1,365	)
Net asset value	$	236,928
Number of outstanding shares		9,435
Aggregate NAV per share	$	25.1116

The following table reconciles stockholders’ equity per our consolidated balance sheet to our NAV:

Reconciliation of Stockholders’ Equity to NAV	As of June 30, 2019
Stockholders' equity per GAAP	$	229,144
Adjustments:
Unamortized stockholder servicing fee		—
Unamortized offering costs		2,714
Fair market value loan adjustment		5,070
Net asset value	$	236,928

Liquidity and Capital Resources

Liquidity is a measurement of our ability to meet potential cash requirements, including ongoing commitments to pay distributions to our stockholders, fund investments, originate loans, repay borrowings, and other general business needs including the payment of our operating and administrative expenses. Our primary sources of funds for liquidity consist of the net proceeds from the Private Offering, net cash provided by operating activities, proceeds from repurchase agreements and other financing arrangements and future issuances of equity and/or debt securities.

We currently believe that we have sufficient liquidity and capital resources available for all anticipated uses, including the acquisition of additional investments, required debt service and the payment of distributions to stockholders.

Cash Flow Analysis

	Six-months Ended June 30,						Change
	2019			2018			2019 vs. 2018
Net cash provided by operating activities	$	3,426		$	1,359		$	2,067
Net cash used in investing activities	$	(199,471	)	$	(120,634	)	$	(78,837	)
Net cash provided by financing activities	$	215,464		$	130,772		$	84,692

We held cash, cash equivalents and restricted cash of $47,916 and $28,497 as of June 30, 2019 and December 31, 2018, respectively. Our cash, cash equivalents and restricted cash increased due to normal fluctuations and were primarily related to the net proceeds from the Private Offering and from the net proceeds from our repurchase agreements that were not used to purchase investments.

Our operating activities generated net cash of $3,426 and $1,359 for the six-months ended June 30, 2019 and 2018, respectively. The increase in cash from operating activities was due to the increase in the size of our investment portfolio.

Our investing activities used net cash of $199,471 and $120,634 for the six-months ended June 30, 2019 and 2018, respectively. The primary driver of the change was due to the origination of mortgage loans and purchase of real estate securities as we invested the proceeds of the Private Offering on a levered basis.

Our financing activities provided net cash of $215,464 and $130,772 for the six-months ended June 30, 2019 and 2018, respectively. The contributions came from $135,580 in net proceeds from our repurchase agreement financing and $87,995 in net proceeds from the issuance of our common stock for the six-months ended June 30, 2019. For the six-months ended June 30, 2018, the contributions came from $90,405 in net proceeds from our repurchase agreement financing and $43,174 in net proceeds from the issuance of our common stock.

Repurchase Agreements

Commercial Mortgage Loans

On February 15, 2018, we, through our wholly owned subsidiary, entered into a master repurchase agreement (the “CF Repo Facility”) with Column Financial, Inc. as administrative agent for certain of its affiliates. The CF Repo Facility had an initial advance amount of $100,000 subject to a maximum advance amount of $250,000. We increased the advance amount in August 2018 to $175,000, and in January 2019 to the maximum of $250,000. The initial term of the CF Repo Facility was 12 months and we extended the maturity date in May 2019 to May 2020. The CF Repo Facility is used to finance eligible loans and acts in the manner of a revolving credit facility that can be repaid as our assets are paid off and re-drawn as advances against new assets. Advances under the

CF Repo Facility accrue interest at a per annum rate equal to LIBOR plus 2.25%. The CF Repo Facility is generally subject to certain financial covenants. We were in compliance with all financial covenant requirements as of June 30, 2019 and December 31, 2018.

On May 6, 2019, we, through our wholly owned subsidiary, entered into an uncommitted master repurchase agreement (the “JPM Repo Facility”) with JPMorgan Chase Bank, National Association. The JPM Repo Facility provides up to $150.0 million in advances that we expect to use to finance the acquisition or origination of eligible loans and participation interests therein. Advances under the JPM Repo Facility accrue interest at per annum rates equal to the sum of (i) the applicable LIBOR index rate plus (ii) a margin of between 1.75% to 2.25%, depending on the attributes of the purchased assets. The initial maturity date of the JPM Repo Facility is May 6, 2021, with two successive one-year extensions at our option, which may be exercised upon the satisfaction of certain conditions. The JPM Repo Facility is subject to certain financial covenants. We were in compliance with all financial covenant requirements as of June 30, 2019.

The JPM Repo Facility and CF Repo Facility (collectively, the “Repo Facilities”) act in the manner of a revolving credit facility that can be repaid as our assets are paid off and re-drawn as advances against new assets.

The tables below show our Repo Facilities as of June 30, 2019 and December 31, 2018:

June 30, 2019									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
CF Repo Facility	$	250,000	$	235,610	$	395	$	331,517		4.65	%		318
JPM Repo Facility		150,000		43,495		58		84,038		4.30	%		676
	$	400,000	$	279,105	$	453	$	415,555		4.59	%		374

December 31, 2018									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity

CF Repo Facility	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317
JPM Repo Facility		—		—		—		—		—			—
	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317

(1)	Excluding $89 and $77 of unamortized debt issuance costs at June 30, 2019 and December 31, 2018, respectively.

Real Estate Securities

As of June 30, 2019 and December 31, 2018, we had entered into two master repurchase agreements for real estate securities with separate counterparties and had the following balances outstanding as described in the table below:

							Weighted Average
	Amount Outstanding		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
As of June 30, 2019	$	82,756	$	75	$	115,721		3.87	%		19
As of December 31, 2018	$	61,871	$	128	$	84,646		3.79	%		9

Distributions

During the six-months ended June 30, 2019 and 2018, we paid distributions on Class P Shares based on daily record dates, payable in arrears the following month, equal to a daily amount of 1/365^th of $1.92 per share. The table below presents the distributions paid and declared during the six-months ended June 30, 2019 and 2018.

	Distributions
Year	Paid (1)		Declared		Cash Flow From Operations
2019	$	6,684	$	7,148	$	3,426
2018	$	2,153	$	2,410	$	1,359

(1)	For the six-months ended June 30, 2019 and 2018, 48.7% and 36.9% of distributions were paid from the net proceeds of our Private Offering, respectively.

During the six-month periods ended June 30, 2019 and 2018, we did not declare or pay any distributions on our Class A, Class T, Class S, Class D or Class I common stock.

Contractual Obligations and Commitments

Our contractual obligations, excluding expected interest payments, as of June 30, 2019 and December 31, 2018 are summarized as follows:

As of June 30, 2019	Less than 1 Year		1 to 3 Years		3 to 5 Years		More than 5 Years		Total
Borrowings under repurchase agreements - real estate securities	$	82,756		—		—		—	$	82,756
Borrowings under repurchase agreements - commercial mortgage loans (1)		279,105		—		—		—		279,105
Total	$	361,861		—		—		—	$	361,861

As of December 31, 2018
Borrowings under repurchase agreements - real estate securities	$	61,871		—		—		—	$	61,871
Borrowings under repurchase agreements - commercial mortgage loans (1)		164,410		—		—		—		164,410
Total	$	226,281		—		—		—	$	226,281

(1)	Excluding $89 and $77 of unamortized debt issuance costs at June 30, 2019 and December 31, 2018, respectively.

We have made a commitment to advance additional funds under certain of our CRE loans if the borrower meets certain conditions. As of June 30, 2019 and December 31, 2018, we had 19 and 13 CRE loans, respectively, with a total remaining future funding commitment of $45,352 and $30,343, respectively. The future funding commitments are advanced at our discretion if the borrower has requested the advance and has met certain loan specific requirements.

Critical Accounting Policies

Disclosures discussing all critical accounting policies are set forth in our Annual Report under the heading “Summary of Critical Accounting Policies.” There have been no changes to our critical accounting policies during the six-months ended June 30, 2019.

Off-Balance Sheet Arrangements

We currently have no off-balance sheet arrangements that are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Subsequent Events

For information related to subsequent events, reference is made to “Note 12 – Subsequent Events” which is included in our notes to consolidated financial statements included in this Quarterly Report on Form 10-Q.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Credit Risk

Our investments are subject to a high degree of credit risk. Credit risk is the exposure to loss from loan defaults. Default rates are subject to a wide variety of factors, including, but not limited to, borrower financial condition, property performance, property management, supply/demand factors, construction trends, consumer behavior, regional economics, interest rates, the strength of the U.S. economy, and other factors beyond our control. All loans are subject to a certain probability of default. We manage credit risk through the underwriting and investment structuring process, acquiring our investments at the appropriate discount to face value, if any, and establishing loss assumptions. We also carefully monitor the performance of the loans, as well as external factors that may affect their value.

Interest Rate Risk

Our market risk arises primarily from interest rate risk relating to interest rate fluctuations. Many factors including governmental monetary and tax policies, domestic and international economic and political considerations and other factors beyond our control contribute to interest rate risk. To meet our short and long-term liquidity requirements, we may borrow funds at fixed and variable rates. Our interest rate risk management objectives are to limit the impact of interest rate changes in earnings and cash flows and to lower our overall borrowing costs. To achieve these objectives, from time to time, we may enter into interest rate hedge contracts such as swaps, collars and treasury lock agreements in order to mitigate our interest rate risk with respect to various debt instruments. While hedging activities may insulate us against adverse changes in interest rates, they may also limit our ability to participate in benefits of lower interest rates with respect to our portfolio of investments with fixed interest rates. During the six-months ended June 30, 2019 and 2018, we did not engage in interest rate hedging activities. We do not hold or issue derivative contracts for trading or speculative purposes. We do not have any foreign denominated investments, and thus, we are not exposed to foreign currency fluctuations.

As of June 30, 2019, and December 31, 2018, our investment portfolio was 98% variable rate investments based on LIBOR for various terms. Borrowings under our master services agreements were short-term and at a variable rate. The following table quantifies the potential changes in interest income net of interest expense should interest rates increase or decrease by 25 or 50 basis points, assuming that our current balance sheet was to remain constant and no actions were taken to alter our existing interest rate sensitivity:

	Estimated Percentage Change in Interest Income Net of Interest Expense
Change in Rates	June 30, 2019			December 31, 2018
(-) 50 Basis Points		(0.62	)%		(3.98	)%
(-) 25 Basis Points		(0.82	)%		(2.32	)%
Base Interest Rate		0.00	%		0.00	%
(+) 25 Basis Points		2.57	%		2.32	%
(+) 50 Basis Points		5.14	%		4.64	%

Item 4. Controls and Procedures

Controls and Procedures

Our management has evaluated, with the participation of our principal executive and principal financial officers, the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on that evaluation, the principal executive and principal financial officers have concluded that our disclosure controls and procedures were effective as of the end of the period covered by this Quarterly Report on Form 10-Q.

Changes in Internal Control over Financial Reporting

There were no changes to our internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) or Rule 15d-15(f)) during the three-months ended June 30, 2019 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Part II - Other Information

Item 1. Legal Proceedings

In the ordinary course of business, we may become subject to litigation. We have no knowledge of material legal proceedings pending or known to be contemplated against us at this time.

Item 1A. Risk Factors

Not applicable as we are a smaller reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Recent Sales of Unregistered Equity Securities (Dollar amounts in thousands)

On October 25, 2016, we commenced the Private Offering of up to $500,000 in our Class P Shares. The Class P Shares were offered and sold pursuant to an exemption from the registration requirements of the Securities Act, in accordance with Rule 506(b) of Regulation D, and in compliance with any applicable state securities laws. During the three-months ended June 30, 2019, we received and accepted investors’ subscriptions for and issued 1,910,423 Class P Shares in the Private Offering resulting in gross offering proceeds of $51,636. During the period from July 1, 2019 to July 16, 2019, we received and accepted investors’ subscriptions for and issued 820,089 Class P Shares in the Private Offering resulting in gross offering proceeds of $21,948. On June 28, 2019, we terminated the Private Offering. As of August 13, 2019, we have issued 10,258,094 Class P Shares resulting in gross offering proceeds of $276,681. Inland Securities Corporation served as our dealer manager for the Private Offering.

Except as set forth above, we have not sold any securities which were not registered under the Securities Act during the period covered by this report.

Use of Proceeds

On May 3, 2019, our Registration Statement on Form S-11 (File No. 333-230465), covering the IPO of up to $2,350,000 in shares of Class A, Class T, Class S, Class D and Class I common stock, was declared effective under the Securities Act. As of June 30, 2019, we had not received any proceeds from the IPO. Inland Securities Corporation serves as our dealer manager for the IPO.

Repurchases of Common Stock

We have adopted a share repurchase plan, whereby on a monthly basis, stockholders may request that we repurchase all or any portion of their shares. The total amount of aggregate repurchases of shares will be limited to no more than 2% of our aggregate NAV per month as of the last day of the previous calendar month and no more than 5% of our aggregate NAV per calendar quarter as of the last day of the previous calendar month. Stockholders may not request that we repurchase their shares for at least one year, provided we can waive the holding period in the event of death. As of the commencement of the IPO, holders of Class P common stock from the Private Offering could not submit requests to have their shares repurchased prior to the NAV Pricing Date, except in the event of a death or qualifying disability.

Due to the illiquid nature of investments in real estate, we may not have sufficient liquid resources to fund repurchase requests. We may choose to repurchase all, some or none of the shares that have been requested to be repurchased at the end of any particular month, in our discretion, subject to any limitations in the share repurchase plan. Further, our board of directors may modify, suspend or terminate the share repurchase plan.

During the three months ended June 30, 2019, we repurchased shares of our common stock in the following amounts, which represented all of the share repurchase requests received for the same period:

Period	Total Number of Shares Repurchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs⁽¹⁾
April 1 — April 30, 2019		3,586	$	25.00		3,586	—
May 1 — May 31, 2019		—	$	—		—	—
June 1 — June 30, 2019		—	$	—		—	—
		3,586	$	25.00		3,586	—

(1) Repurchases are limited as described above.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

Not Applicable.

Item 6. Exhibits

The representations, warranties and covenants made by us in any agreement filed as an exhibit to this Quarterly Report on Form 10-Q are made solely for the benefit of the parties to the agreement, including, in some cases, for the purpose of allocating risk among the parties to the agreement, and should not be deemed to be representations, warranties or covenants to, or with, you. Moreover, these representations, warranties and covenants should not be relied upon as accurately describing or reflecting the current state of our affairs.

The exhibits filed in response to Item 601 of Regulation S-K are listed on the Exhibit Index attached hereto and are incorporated herein by reference.

Exhibit No.		Description

3.1		Articles of Amendment and Restatement of InPoint Commercial Real Estate Income, Inc. (filed as Exhibit 3.1 to the Registrant’s Registration Statement on Form 10 filed May 2, 2017 and incorporated by reference)
3.2		Articles of Amendment of InPoint Commercial Real Estate Income, Inc. (filed as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed April 30, 2019 and incorporated by reference)
3.3		Articles Supplementary of InPoint Commercial Real Estate Income, Inc. (filed as Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed April 30, 2019 and incorporated by reference)
3.4*		Certificate of Correction of InPoint Commercial Real Estate Income, Inc.
3.5		Bylaws of InPoint Commercial Real Estate Income, Inc. (filed as Exhibit 3.2 to the Registrant’s Registration Statement on Form 10 filed May 2, 2017 and incorporated by reference)
4.1		Distribution Reinvestment Plan (filed as Exhibit 4.1 to the Registrant’s Registration Statement on Form S-11 filed April 30, 2019 and incorporated by reference)
10.1		First Amended and Restated Advisory Agreement dated as of April 29, 2019 by and among InPoint Commercial Real Estate Income, Inc., InPoint REIT Operating Partnership, LP, and Inland InPoint Advisor, LLC (filed as Exhibit 10.1 to the Registrant’s Registration Statement on Form S-11 filed April 30, 2019 and incorporated by reference)
10.2		First Amended and Restated Sub-Advisory Agreement dated as of April 29, 2019 between Inland InPoint Advisor, LLC and SPCRE InPoint Advisors, LLC (filed as Exhibit 10.2 to the Registrant’s Registration Statement on Form S-11 filed April 30, 2019 and incorporated by reference)
10.3		Dealer Manager Agreement dated as of April 29, 2019 by and between InPoint Commercial Real Estate Income, Inc. and Inland Securities Corporation (filed as Exhibit 1.1 to the Registrant’s Current Report on Form 8-K filed April 30, 2019 and incorporated by reference)
10.4		Uncommitted Master Repurchase Agreement, dated as of May 6, 2019, by and between JPMorgan Chase Bank, National Association and InPoint JPM Loan, LLC (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed May 7, 2019 and incorporated by reference).
10.5		Guarantee Agreement, dated as of May 6, 2019, by InPoint Commercial Real Estate Income, Inc. in favor JPMorgan Chase Bank, National Association (filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed May 7, 2019 and incorporated by reference).
31.1*		Certification of the Principal Executive Officer of the Company, pursuant to Securities Exchange Act Rule 13a-14 and 15d-14 as adopted pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
31.2*		Certification of the Principal Financial Officer of the Company, pursuant to Securities Exchange Act Rule 13a-14 and 15d-14 as adopted pursuant to Section 302 of the Sarbanes‑Oxley Act of 2002
32.1*		Certification of the Principal Executive Officer of the Company pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
32.2*		Certification of the Principal Financial Officer of the Company pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002
101		The following financial information from our Quarterly Report on Form 10-Q for the period ended June 30, 2019, filed with the Securities and Exchange Commission on August 14, 2019 is formatted in Extensible Business Reporting Language (“XBRL”): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Operations; (iii) Consolidated Statements of Changes in Stockholders’ Equity; (iv) Consolidated Statements of Cash Flows; and (v) Notes to Consolidated Financial Statements (tagged as blocks of text)

*	Filed as part of this Quarterly Report on Form 10-Q

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

By:	/s/ Mitchell A. Sabshon
Name:	Mitchell A. Sabshon
Title:	Chief Executive Officer and Chairman
	(principal executive officer)
Date:	August 14, 2019

By:	/s/ Catherine L. Lynch
Name:	Catherine L. Lynch
Title:	Chief Financial Officer
	(principal financial officer)
Date:	August 14, 2019

EX-3.4 2 ck0001690012-ex34_440.htm EX-3.4 ck0001690012-ex34_440.htm

EXHIBIT 3.4

INPOINT COMMERCIAL REAL ESTATE INCOME, INC.

CERTIFICATE OF CORRECTION

InPoint Commercial Real Estate Income, Inc., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland (the “SDAT”) that:

FIRST: The title of the document being corrected is the Articles of Amendment and Restatement (the “Articles”).

SECOND: The sole party to the Articles is the Corporation.

THIRD: The Articles were filed with the SDAT on October 17, 2016.

FOURTH: The definition of “Net Asset Value per Class P Common Share” in Article IV of the Articles as previously filed with the SDAT is set forth below:

Net Asset Value per Class P Common Share. The term “Net Asset Value per Class P Common Share” shall mean the net asset value of the Corporation allocable to the Class P Common Shares, calculated as described in the Memorandum, as may be amended from time to time, divided by the number of outstanding Class P Common Shares.

FIFTH: The definition of “Net Asset Value per Class P Common Share” in Article IV of the Articles as corrected hereby is set forth below:

Net Asset Value per Class P Common Share. The term “Net Asset Value per Class P Common Share” shall mean the net asset value of the Corporation allocable to the Class P Common Shares, calculated as described in the Memorandum, as may be amended from time to time, or in any more recent public filing made by the Corporation with the SEC, divided by the number of outstanding Class P Common Shares.

SIXTH: The undersigned Chief Executive Officer of the Corporation acknowledges this Certificate of Correction to be the corporate act of the Corporation and as to all matters or facts required to be verified under oath, the undersigned acknowledges that to the best of his knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.

[Remainder of page intentionally left blank.]

= 1 LEGAL02/39011578v2

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Correction to be signed in its name and on its behalf by its Chief Executive Officer and attested to by its Vice President and Secretary on this 5th day of June, 2019.


ATTEST:	INPOINT COMMERCIAL REAL ESTATE INCOME, INC.
By: /s/ Roderick S. Curtis	By: /s/ Mitchell A. Sabshon (SEAL)
Name: Roderick S. Curtis Title: Vice President and Secretary	Name: Mitchell A. Sabshon Title: Chief Executive Officer

= 1 LEGAL02/39011578v2

EX-31.1 3 ck0001690012-ex311_7.htm EX-31.1 ck0001690012-ex311_7.htm

EXHIBIT 31.1

Certification of Principal Executive Officer

I, Mitchell A. Sabshon, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of InPoint Commercial Real Estate Income, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



By:	/s/ Mitchell A. Sabshon
Name:	Mitchell A. Sabshon
Title:	Chief Executive Officer and Chairman
Date:	August 14, 2019

EX-31.2 4 ck0001690012-ex312_9.htm EX-31.2 ck0001690012-ex312_9.htm

EXHIBIT 31.2

Certification of Principal Financial Officer

I, Catherine L. Lynch, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of InPoint Commercial Real Estate Income, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(a)

(b)

(c)

(d)

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



By:	/s/ Catherine L. Lynch
Name:	Catherine L. Lynch
Title:	Chief Financial Officer
Date:	August 14, 2019

EX-32.1 5 ck0001690012-ex321_8.htm EX-32.1 ck0001690012-ex321_8.htm

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of InPoint Commercial Real Estate Income, Inc. (the “Company”) for the quarterly period ended June 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Mitchell A. Sabshon, Chief Executive Officer of the Company, certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



By:	/s/ Mitchell A. Sabshon
Name:	Mitchell A. Sabshon
Title:	Chief Executive Officer and Chairman
Date:	August 14, 2019

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2 6 ck0001690012-ex322_6.htm EX-32.2 ck0001690012-ex322_6.htm

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of InPoint Commercial Real Estate Income, Inc. (the “Company”) for the quarterly period ended June 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Catherine L. Lynch, Chief Financial Officer of the Company, certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of her knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



By:	/s/ Catherine L. Lynch
Name:	Catherine L. Lynch
Title:	Chief Financial Officer
Date:	August 14, 2019

GRAPHIC 7 gvou5ujicysr000003.jpg GRAPHIC begin 644 gvou5ujicysr000003.jpg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

XML 19 R2.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 47,442	$ 27,530
Restricted cash	474	967
Real estate securities at fair value	133,691	91,218
Commercial mortgage loans at cost, net of allowance for loan loss of $0	427,627	249,573
Deferred debt finance costs	1,381	518
Deferred offering costs	2,126	1,201
Accrued interest receivable	1,484	994
Other assets	14	22
Total assets	614,239	372,023
Liabilities:
Payable for securities purchased	18,001
Loan fees payable	100	100
Due to related parties	2,024	1,680
Interest payable	528	427
Distributions payable	1,405	941
Accrued expenses	1,265	399
Total liabilities	385,095	229,751
Stockholders’ Equity:
Additional paid in capital (net of offering costs of $18,045 and $11,724 at June 30, 2019 and December 31, 2018, respectively)	236,562	148,650
Distributions in excess of earnings	(7,427)	(6,384)
Total stockholders’ equity	229,144	142,272
Total liabilities and stockholders’ equity	614,239	372,023
Class P Common Stock
Stockholders’ Equity:
Class P common stock, $0.001 par value, 500,000,000 and 450,000,000 shares authorized, 9,434,993 and 5,940,744 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	9	6
Real Estate Securities
Liabilities:
Repurchase agreements	82,756	61,871
Interest payable	75	128
Commercial Mortgage Loans
Liabilities:
Repurchase agreements	$ 279,016	$ 164,333

XML 20 R3.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Allowance for loan loss	$ 0	$ 0
Additional paid in capital, offering costs	$ 18,045,000	$ 11,724,000
Class P Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	450,000,000
Common stock, shares, issued	9,434,993	5,940,744
Common stock, shares, outstanding	9,434,993	5,940,744
Class A Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	0
Common stock, shares, issued	0	0
Common stock, shares, outstanding	0	0
Class T Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	0
Common stock, shares, issued	0	0
Common stock, shares, outstanding	0	0
Class S Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	0
Common stock, shares, issued	0	0
Common stock, shares, outstanding	0	0
Class D Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	0
Common stock, shares, issued	0	0
Common stock, shares, outstanding	0	0
Class I Common Stock
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	0
Common stock, shares, issued	0	0
Common stock, shares, outstanding	0	0

XML 21 R4.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Interest income	$ 8,456	$ 1,986	$ 15,047	$ 2,816
Less: Interest expense	(3,509)	(705)	(6,264)	(808)
Net interest income	4,947	1,281	8,783	2,008
Operating expenses:
Advisory fee	1,954	539	3,485	539
Debt finance costs	226	122	422	187
Directors compensation	23	21	43	42
Professional service fees	159	90	309	207
Other expenses	83	56	166	115
Total operating expenses	2,445	828	4,425	1,090
Other income (loss):
Unrealized gain (loss) in value of real estate securities	(18)	90	1,790	121
Realized loss on the sale of real estate securities			(43)
Total other income (loss)	(18)	90	1,747	121
Net income	$ 2,484	$ 543	$ 6,105	$ 1,039
Net income per share basic and diluted	$ 0.30	$ 0.19	$ 0.82	$ 0.41
Weighted average number of shares
Basic	8,287,246	2,920,697	7,486,495	2,522,468
Diluted	8,287,480	2,920,781	7,486,628	2,522,535

XML 22 R5.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock Common Class P	Additional Paid in Capital	Distributions in Excess of Earnings
Balance at Dec. 31, 2017	$ 41,984	$ 1	$ 43,428	$ (1,445)
Proceeds from issuance of common stock	46,828	2	46,826
Offering costs	(3,654)		(3,654)
Net income	1,039			1,039
Distributions declared ($0.48 per share for three-months ended June 30, 2019 and 2018 & $0.96 per share for six-months ended June 30, 2019 and 2018 respectively)	(2,410)			(2,410)
Equity based compensation	3		3
Balance at Jun. 30, 2018	83,790	3	86,603	(2,816)
Balance at Mar. 31, 2018	60,047	3	62,001	(1,957)
Proceeds from issuance of common stock	26,678		26,678
Offering costs	(2,079)		(2,079)
Net income	543			543
Distributions declared ($0.48 per share for three-months ended June 30, 2019 and 2018 & $0.96 per share for six-months ended June 30, 2019 and 2018 respectively)	(1,402)			(1,402)
Equity based compensation	3		3
Balance at Jun. 30, 2018	83,790	3	86,603	(2,816)
Balance at Dec. 31, 2018	142,272	6	148,650	(6,384)
Proceeds from issuance of common stock	94,316	3	94,313
Offering costs	(6,321)		(6,321)
Net income	6,105			6,105
Distributions declared ($0.48 per share for three-months ended June 30, 2019 and 2018 & $0.96 per share for six-months ended June 30, 2019 and 2018 respectively)	(7,148)			(7,148)
Redemptions	(90)		(90)
Equity based compensation	10		10
Balance at Jun. 30, 2019	229,144	9	236,562	(7,427)
Balance at Mar. 31, 2019	182,383	8	188,309	(5,934)
Proceeds from issuance of common stock	51,636	1	51,635
Offering costs	(3,297)		(3,297)
Net income	2,484			2,484
Distributions declared ($0.48 per share for three-months ended June 30, 2019 and 2018 & $0.96 per share for six-months ended June 30, 2019 and 2018 respectively)	(3,977)			(3,977)
Redemptions	(90)		(90)
Equity based compensation	5		5
Balance at Jun. 30, 2019	$ 229,144	$ 9	$ 236,562	$ (7,427)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

XML 23 R6.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Stockholders Equity [Abstract]
Distributions declared per share	$ 0.48	$ 0.48	$ 0.96	$ 0.96

XML 24 R7.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 6,105	$ 1,039
Adjustments to reconcile net income to cash provided by operations:
Net realized loss on real estate securities	43
Net unrealized gain on real estate securities	(1,790)	(121)
Amortization of equity based compensation	10	3
Amortization of debt finance costs to operating expense	422	187
Amortization of debt finance costs to interest expense	40	22
Amortization of bond discount	(383)	(51)
Amortization of origination fees	(645)	(77)
Amortization of deferred exit fees	(280)	(27)
Changes in assets and liabilities:
Accrued interest receivable	(489)	(311)
Accrued expenses	(491)	(23)
Loan fees payable		85
Due to related parties	775	536
Other assets	8	(11)
Accrued interest payable	101	108
Net cash provided by operating activities	3,426	1,359
Cash flows from investing activities:
Origination of commercial loans	(181,557)	(83,236)
Origination fees received on commercial loans	1,951	711
Principal repayments of commercial loans	2,477
Purchase of real estate securities	(32,459)	(41,341)
Real estate securities sold	9,211	2,996
Real estate securities principal pay-down	906	236
Net cash used in investing activities	(199,471)	(120,634)
Cash flows from financing activities:
Proceeds from issuance of common stock	94,316	46,828
Redemptions of common stock	(90)
Payment of offering costs	(6,321)	(3,654)
Proceeds from repurchase agreements	613,365	232,475
Principal repayments of repurchase agreements	(477,785)	(142,070)
Debt finance costs	(1,337)	(654)
Distributions paid	(6,684)	(2,153)
Net cash provided by financing activities	215,464	130,772
Net change in cash, cash equivalents and restricted cash	19,419	11,497
Cash, cash equivalents and restricted cash at beginning of period	28,497	1,406
Cash, cash equivalents and restricted cash at end of period	47,916	12,903
Supplemental disclosure of cash flow information:
Change in deferred offering costs and accrued offering expenses, included in due to related parties	(431)	(335)
Interest paid	6,162	701
Distributions payable	1,405	$ 517
Payable for securities purchased	18,001
Accrued interest receivable on securities purchased	(1)
Purchase of real estate securities	$ (18,000)

XML 25 R8.htm IDEA: XBRL DOCUMENT

Organization and Business Operations

6 Months Ended

Jun. 30, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Organization and Business Operations

Note 1 – Organization and Business Operations

On April 29, 2019, the Company also filed articles supplementary with SDAT to reclassify and designate: (i) 500,000,000 authorized but unissued Class P common shares as Class A common shares; (ii) 500,000,000 authorized but unissued Class P common shares as Class D common shares; (iii) 500,000,000 authorized but unissued Class P common shares as Class I common shares; (iv) 500,000,000 authorized but unissued Class P common shares as Class S common shares; and (v) 500,000,000 authorized but unissued Class P common shares as Class T common shares.

XML 26 R9.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 – Summary of Significant Accounting Policies

Basis of Accounting

Certain amounts in prior period consolidated financial statements have been reclassified to conform with the current period presentation.

Cash, Cash Equivalents and Restricted Cash

	June 30,		December 31,
	2019		2018
Cash and cash equivalents	$	47,442	$	27,530
Restricted cash		474		967
Total cash, cash equivalents, and restricted cash	$	47,916	$	28,497

Accounting Pronouncements Recently Issued but Not Yet Effective

XML 27 R10.htm IDEA: XBRL DOCUMENT

Commercial Mortgage Loans Held for Investment

6 Months Ended

Jun. 30, 2019

Mortgage Loans On Real Estate [Abstract]

Commercial Mortgage Loans Held for Investment

Note 3 – Commercial Mortgage Loans Held for Investment

The tables below show the Company’s commercial mortgage loans held for investment as of June 30, 2019 and December 31, 2018:

June 30, 2019

	Number of Loans		Principal Balance		Unamortized (fees)/costs, net			Carrying Value		Weighted Average Interest Rate			Weighted Average Years to Maturity
First mortgage loans		25	$	420,304	$	(3,177	)	$	417,127		6.2	%		2.0
Credit loans		2		10,500		—			10,500		9.2	%		7.0
Total and average		27	$	430,804	$	(3,177	)	$	427,627		6.3	%		2.1

December 31, 2018

	Number of Loans		Principal Balance		Unamortized (fees)/costs, net			Carrying Value		Weighted Average Interest Rate			Weighted Average Years to Maturity
First mortgage loans		16	$	241,225	$	(2,152	)	$	239,073		6.4	%		2.2
Credit loans		2		10,500		—			10,500		9.2	%		7.5
Total and average		18	$	251,725	$	(2,152	)	$	249,573		6.5	%		2.5

Credit Characteristics

Investment Grade	Investment Grade Definition
1	Investment exceeding fundamental performance expectations and/or capital gain expected. Trends and risk factors since time of investment are favorable.
2	Performing consistent with expectations and a full return of principal and interest expected. Trends and risk factors are neutral to favorable.
3	Performing investment requiring closer monitoring. Trends and risk factors show some deterioration. Collection of principal and interest is still expected.
4	Underperforming investment with the potential of some interest loss but still expecting a positive return on investment. Trends and risk factors are negative.
5	Underperforming investment with expected loss of interest and some principal.

All investments are assigned an initial risk rating of 2 at origination or acquisition.

XML 28 R11.htm IDEA: XBRL DOCUMENT

Real Estate Securities

6 Months Ended

Jun. 30, 2019

Investments Debt And Equity Securities [Abstract]

Real Estate Securities

Note 4 – Real Estate Securities

The tables below show the Company’s real estate securities as of June 30, 2019 and December 31, 2018:

June 30, 2019

Number of Positions		External Credit Rating	Collateral	Weighted Average Interest Rate			Weighted Average Years to Maturity	Par Value		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value		Realized Losses
3		AAA	Hospitality, Office		3.2	%	0.6	$	20,284	$	20,204	$	42	$	(4	)	$	20,242	$	(43	)
1		AA-	Hospitality		3.4	%	1.0		2,000		1,999		—		(1	)		1,998		—
7		BB-	Retail, Hospitality, Mixed Use, Multifamily		4.9	%	1.4		56,378		56,328		287		(21	)		56,594		—
3		Unrated	Hospitality		7.6	%	1.3		55,275		54,614		243		—			54,857		—
	14				5.8	%	1.2	$	133,937	$	133,145	$	572	$	(26	)	$	133,691	$	(43	)

December 31, 2018

Number of Positions		External Credit Rating	Collateral	Weighted Average Interest Rate			Weighted Average Years to Maturity	Par Value		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
2		AAA	Hospitality		3.4	%	0.7	$	20,310	$	20,310	$	—	$	(277	)	$	20,033
1		AA-	Hospitality		3.5	%	1.4		2,000		1,998		—		(31	)		1,967
5		BB-	Retail, Hospitality		5.3	%	1.6		38,512		38,438		—		(460	)		37,978
2		Unrated	Hospitality		7.7	%	1.4		32,700		31,715		—		(475	)		31,240
	10				5.7	%	1.3	$	93,522	$	92,461	$	—	$	(1,243	)	$	91,218

As June 30, 2019 and December 31, 2018, each of the CMBS were assigned an internal risk rating of 2.

XML 29 R12.htm IDEA: XBRL DOCUMENT

Repurchase Agreements

6 Months Ended

Jun. 30, 2019

Banking And Thrift [Abstract]

Repurchase Agreements

Note 5 – Repurchase Agreements

Commercial Mortgage Loans

On May 6, 2019, the Company, through a wholly owned subsidiary, entered into an uncommitted master repurchase agreement (the “JPM Repo Facility”) with JPMorgan Chase Bank, National Association. The JPM Repo Facility provides up to $150.0 million in advances that the Company expects to use to finance the acquisition or origination of eligible loans and participation interests therein. Advances under the JPM Repo Facility accrue interest at per annum rates equal to the sum of (i) the applicable LIBOR index rate plus (ii) a margin of between 1.75% to 2.25%, depending on the attributes of the purchased assets. The initial maturity date of the JPM Repo Facility is May 6, 2021, with two successive one-year extensions at the Company’s option, which may be exercised upon the satisfaction of certain conditions. The JPM Repo Facility is subject to certain financial covenants. The Company was in compliance with all financial covenant requirements as of June 30, 2019.

The tables below show the Company’s Repo Facilities as of June 30, 2019 and December 31, 2018:

June 30, 2019									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
CF Repo Facility	$	250,000	$	235,610	$	395	$	331,517		4.65	%		318
JPM Repo Facility		150,000		43,495		58		84,038		4.30	%		676
	$	400,000	$	279,105	$	453	$	415,555		4.59	%		374

December 31, 2018									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity

CF Repo Facility	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317
JPM Repo Facility		—		—		—		—		—			—
	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317

(1)	Excluding $89 and $77 of unamortized debt issuance costs at June 30, 2019 and December 31, 2018, respectively.

Real Estate Securities

The Company entered into two master repurchase agreements for real estate securities with separate counterparties and had the following balances outstanding as described in the table below:

							Weighted Average
	Amount Outstanding		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
As of June 30, 2019	$	82,756	$	75	$	115,721		3.87	%		19
As of December 31, 2018	$	61,871	$	128	$	84,646		3.79	%		9

XML 30 R13.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Stockholders' Equity

Note 6 – Stockholders’ Equity

During the six-months ended June 30, 2019 and 2018, the Company did not issue any or have any outstanding shares of Class A, Class T, Class S, Class D or Class I common stock.

The following table details the change in the Company’s outstanding shares of Class P Shares, including restricted common stock:

	Six-months ended June 30,
	2019			2018
Beginning balance		5,940,744			1,733,392
Issuance of Class P Shares		3,495,435			1,725,216
Issuance of restricted Class P Shares		2,400			—
Redemptions		(3,586	)		—
Ending balance		9,434,993			3,458,608

Distributions

	Three-months ended June 30,				Six-months ended June 30,
	2019		2018		2019		2018
Distributions paid	$	3,762	$	1,271	$	6,684	$	2,153
Distributions declared	$	3,977	$	1,402	$	7,148	$	2,410

XML 31 R14.htm IDEA: XBRL DOCUMENT

Net Income Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Net Income Per Share

Note 7 – Net Income Per Share

The following table is a summary of the basic and diluted net income per share computation for the three and six-months ended June 30, 2019 and 2018:

	Three-months ended June 30,				Six-months ended June 30,
	2019		2018		2019		2018
Net income	$	2,484	$	543	$	6,105	$	1,039
Weighted average shares outstanding, basic		8,287,246		2,920,697		7,486,495		2,522,468
Weighted average shares outstanding, diluted		8,287,480		2,920,781		7,486,628		2,522,535
Net income per share, basic and diluted	$	0.30	$	0.19	$	0.82	$	0.41

XML 32 R15.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 8 – Commitments and Contingencies

XML 33 R16.htm IDEA: XBRL DOCUMENT

Transactions with Related Parties

6 Months Ended

Jun. 30, 2019

Transactions with Related Parties

Note 9 – Transactions with Related Parties

	Three-months ended June 30,				Six-months ended June 30,				Payable as of June 30,		Payable as of December 31,
	2019		2018		2019		2018		2019		2018
Organization and offering expense reimbursement⁽¹⁾	$	155	$	154	$	267	$	276	$	67	$	512
Selling commissions and dealer manager fee⁽²⁾		3,132		1,747		5,617		3,043		—		—
Advisory fee⁽³⁾		1,954		539		3,485		539		1,954		1,161
Operating expense reimbursement⁽⁴⁾		3		4		5		5		3		7
Total	$	5,244	$	2,444	$	9,374	$	3,863	$	2,024	$	1,680

(1)

(2)	The Dealer Manager received selling commissions up to 5%, and a dealer manager fee up to 3%, of the transaction price for each Class P Share sold in the Private Offering, the majority of which was paid to third-party broker-dealers.

(3)

(4)

XML 34 R17.htm IDEA: XBRL DOCUMENT

Equity-Based Compensation

6 Months Ended

Jun. 30, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Equity-Based Compensation

Note 10 – Equity-Based Compensation

A summary table of the status of the restricted shares is presented below:

	Restricted Shares			Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value
Outstanding at December 31, 2018		1,200		$	30		$	30
Granted		1,200			30			30
Vested		(400	)		(10	)		(10	)
Converted		—			—			—
Forfeited		—			—			—
Outstanding at June 30, 2019		2,000		$	50		$	50

XML 35 R18.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Note 11 – Fair Value of Financial Instruments

	June 30, 2019								December 31, 2018
	Total		Level I		Level II		Level III		Total		Level I		Level II		Level III
Real estate securities	$	133,691		—	$	133,691		—	$	91,218		—	$	91,218		—

The Company did not transfer any assets within fair value levels during the three and six months ended June 30, 2019 and 2018.

	June 30, 2019				December 31, 2018
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial assets
Cash and cash equivalents	$	47,442	$	47,442	$	27,530	$	27,530
Restricted cash		474		474		967		967
Commercial mortgage loans, net		427,627		432,697		249,573		250,156
Total	$	475,543	$	480,613	$	278,070	$	278,653
Financial liabilities
Repurchase agreements - real estate securities	$	82,756	$	82,756	$	61,871	$	61,871
Repurchase agreements - commercial mortgage loans		279,016		279,016		164,333		164,333
Total	$	361,772	$	361,772	$	226,204	$	226,204

The following describes the Company’s methods for estimating the fair value for financial instruments:

•	The estimated fair value of cash and cash equivalents and restricted cash was based on the bank balance and was a Level 1 fair value measurement.

•

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

XML 36 R19.htm IDEA: XBRL DOCUMENT

Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

Note 12 – Subsequent Events

Sale of Common Stock

As of August 13, 2019, the Company had received gross proceeds of $277,271 from the issuance of its common stock.

Distributions

Class P Shares

The table below sets forth the distributions paid after June 30, 2019 to holders of Class P shares in cash monthly in arrears:

Distribution Period

Month

Distribution Paid

Distribution Amount

June 2019

July 2019

1,405

July 2019

August 2019

1,644

Publicly Offered Shares

On July 2, 2019, the Company declared distributions for each publicly offered class of its common stock in the amount per share set forth below:

	Gross Distribution⁽¹⁾
Class A Common Stock	$	0.135
Class D Common Stock	$	0.135
Class I Common Stock	$	0.135
Class S Common Stock	$	0.135
Class T Common Stock	$	0.135

(1)

The gross distribution for the Class D, Class S and Class T common stock will be reduced by class-specific stockholder

servicing fees, resulting in a lower net distribution per share.

XML 37 R20.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Basis of Accounting

Certain amounts in prior period consolidated financial statements have been reclassified to conform with the current period presentation.

Cash, Cash Equivalents and Restricted Cash

	June 30,		December 31,
	2019		2018
Cash and cash equivalents	$	47,442	$	27,530
Restricted cash		474		967
Total cash, cash equivalents, and restricted cash	$	47,916	$	28,497

Accounting Pronouncements Recently Issued but Not Yet Effective

XML 38 R21.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

	June 30,		December 31,
	2019		2018
Cash and cash equivalents	$	47,442	$	27,530
Restricted cash		474		967
Total cash, cash equivalents, and restricted cash	$	47,916	$	28,497

XML 39 R22.htm IDEA: XBRL DOCUMENT

Commercial Mortgage Loans Held for Investment (Tables)

6 Months Ended

Jun. 30, 2019

Mortgage Loans On Real Estate [Abstract]

Schedule of Commercial Mortgage Loans Held for Investment

The tables below show the Company’s commercial mortgage loans held for investment as of June 30, 2019 and December 31, 2018:

June 30, 2019

	Number of Loans		Principal Balance		Unamortized (fees)/costs, net			Carrying Value		Weighted Average Interest Rate			Weighted Average Years to Maturity
First mortgage loans		25	$	420,304	$	(3,177	)	$	417,127		6.2	%		2.0
Credit loans		2		10,500		—			10,500		9.2	%		7.0
Total and average		27	$	430,804	$	(3,177	)	$	427,627		6.3	%		2.1

December 31, 2018

	Number of Loans		Principal Balance		Unamortized (fees)/costs, net			Carrying Value		Weighted Average Interest Rate			Weighted Average Years to Maturity
First mortgage loans		16	$	241,225	$	(2,152	)	$	239,073		6.4	%		2.2
Credit loans		2		10,500		—			10,500		9.2	%		7.5
Total and average		18	$	251,725	$	(2,152	)	$	249,573		6.5	%		2.5

Summary of Investment Grade of Loans Loss

Investment Grade	Investment Grade Definition
1	Investment exceeding fundamental performance expectations and/or capital gain expected. Trends and risk factors since time of investment are favorable.
2	Performing consistent with expectations and a full return of principal and interest expected. Trends and risk factors are neutral to favorable.
3	Performing investment requiring closer monitoring. Trends and risk factors show some deterioration. Collection of principal and interest is still expected.
4	Underperforming investment with the potential of some interest loss but still expecting a positive return on investment. Trends and risk factors are negative.
5	Underperforming investment with expected loss of interest and some principal.

XML 40 R23.htm IDEA: XBRL DOCUMENT

Real Estate Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments Debt And Equity Securities [Abstract]

Summary of Company's Real Estate Securities

The tables below show the Company’s real estate securities as of June 30, 2019 and December 31, 2018:

June 30, 2019

Number of Positions		External Credit Rating	Collateral	Weighted Average Interest Rate			Weighted Average Years to Maturity	Par Value		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value		Realized Losses
3		AAA	Hospitality, Office		3.2	%	0.6	$	20,284	$	20,204	$	42	$	(4	)	$	20,242	$	(43	)
1		AA-	Hospitality		3.4	%	1.0		2,000		1,999		—		(1	)		1,998		—
7		BB-	Retail, Hospitality, Mixed Use, Multifamily		4.9	%	1.4		56,378		56,328		287		(21	)		56,594		—
3		Unrated	Hospitality		7.6	%	1.3		55,275		54,614		243		—			54,857		—
	14				5.8	%	1.2	$	133,937	$	133,145	$	572	$	(26	)	$	133,691	$	(43	)

December 31, 2018

Number of Positions		External Credit Rating	Collateral	Weighted Average Interest Rate			Weighted Average Years to Maturity	Par Value		Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
2		AAA	Hospitality		3.4	%	0.7	$	20,310	$	20,310	$	—	$	(277	)	$	20,033
1		AA-	Hospitality		3.5	%	1.4		2,000		1,998		—		(31	)		1,967
5		BB-	Retail, Hospitality		5.3	%	1.6		38,512		38,438		—		(460	)		37,978
2		Unrated	Hospitality		7.7	%	1.4		32,700		31,715		—		(475	)		31,240
	10				5.7	%	1.3	$	93,522	$	92,461	$	—	$	(1,243	)	$	91,218

XML 41 R24.htm IDEA: XBRL DOCUMENT

Repurchase Agreements (Tables)

6 Months Ended

Jun. 30, 2019

Commercial Mortgage Loans

Repurchase Agreement [Line Items]

Schedule of Outstanding Repurchase Agreements

The tables below show the Company’s Repo Facilities as of June 30, 2019 and December 31, 2018:

June 30, 2019									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
CF Repo Facility	$	250,000	$	235,610	$	395	$	331,517		4.65	%		318
JPM Repo Facility		150,000		43,495		58		84,038		4.30	%		676
	$	400,000	$	279,105	$	453	$	415,555		4.59	%		374

December 31, 2018									Weighted Average
	Committed Financing		Amount Outstanding⁽¹⁾		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity

CF Repo Facility	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317
JPM Repo Facility		—		—		—		—		—			—
	$	175,000	$	164,410	$	299	$	225,075		4.71	%		317

(1)	Excluding $89 and $77 of unamortized debt issuance costs at June 30, 2019 and December 31, 2018, respectively.

Real Estate Securities

Repurchase Agreement [Line Items]

Schedule of Outstanding Repurchase Agreements

The Company entered into two master repurchase agreements for real estate securities with separate counterparties and had the following balances outstanding as described in the table below:

							Weighted Average
	Amount Outstanding		Accrued Interest Payable		Collateral Pledged		Interest Rate			Days to Maturity
As of June 30, 2019	$	82,756	$	75	$	115,721		3.87	%		19
As of December 31, 2018	$	61,871	$	128	$	84,646		3.79	%		9

XML 42 R25.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Schedule of Change in Outstanding Shares Including Restricted Common Stock

The following table details the change in the Company’s outstanding shares of Class P Shares, including restricted common stock:

	Six-months ended June 30,
	2019			2018
Beginning balance		5,940,744			1,733,392
Issuance of Class P Shares		3,495,435			1,725,216
Issuance of restricted Class P Shares		2,400			—
Redemptions		(3,586	)		—
Ending balance		9,434,993			3,458,608

Schedule of Distributions Paid and Declared

The table below presents the distributions paid and declared during the three and six months ended June 30, 2019 and 2018.

	Three-months ended June 30,				Six-months ended June 30,
	2019		2018		2019		2018
Distributions paid	$	3,762	$	1,271	$	6,684	$	2,153
Distributions declared	$	3,977	$	1,402	$	7,148	$	2,410

XML 43 R26.htm IDEA: XBRL DOCUMENT

Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Summary of Basic and Diluted Net Income Per Share

The following table is a summary of the basic and diluted net income per share computation for the three and six-months ended June 30, 2019 and 2018:

	Three-months ended June 30,				Six-months ended June 30,
	2019		2018		2019		2018
Net income	$	2,484	$	543	$	6,105	$	1,039
Weighted average shares outstanding, basic		8,287,246		2,920,697		7,486,495		2,522,468
Weighted average shares outstanding, diluted		8,287,480		2,920,781		7,486,628		2,522,535
Net income per share, basic and diluted	$	0.30	$	0.19	$	0.82	$	0.41

XML 44 R27.htm IDEA: XBRL DOCUMENT

Transactions with Related Parties (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Related Party Transactions

	Three-months ended June 30,				Six-months ended June 30,				Payable as of June 30,		Payable as of December 31,
	2019		2018		2019		2018		2019		2018
Organization and offering expense reimbursement⁽¹⁾	$	155	$	154	$	267	$	276	$	67	$	512
Selling commissions and dealer manager fee⁽²⁾		3,132		1,747		5,617		3,043		—		—
Advisory fee⁽³⁾		1,954		539		3,485		539		1,954		1,161
Operating expense reimbursement⁽⁴⁾		3		4		5		5		3		7
Total	$	5,244	$	2,444	$	9,374	$	3,863	$	2,024	$	1,680

(1)

(2)	The Dealer Manager received selling commissions up to 5%, and a dealer manager fee up to 3%, of the transaction price for each Class P Share sold in the Private Offering, the majority of which was paid to third-party broker-dealers.

(3)

(4)

XML 45 R28.htm IDEA: XBRL DOCUMENT

Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Restricted Shares

A summary table of the status of the restricted shares is presented below:

	Restricted Shares			Weighted Average Grant Date Fair Value			Aggregate Intrinsic Value
Outstanding at December 31, 2018		1,200		$	30		$	30
Granted		1,200			30			30
Vested		(400	)		(10	)		(10	)
Converted		—			—			—
Forfeited		—			—			—
Outstanding at June 30, 2019		2,000		$	50		$	50

XML 46 R29.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Financial Instruments Carried at Fair Value in Consolidated Balance Sheets

	June 30, 2019								December 31, 2018
	Total		Level I		Level II		Level III		Total		Level I		Level II		Level III
Real estate securities	$	133,691		—	$	133,691		—	$	91,218		—	$	91,218		—

Schedule of Carrying Amount and Estimated Fair Value of Company's Financial Instruments

The following table details the carrying amount and estimated fair value of the Company’s financial instruments at the dates below:

	June 30, 2019				December 31, 2018
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial assets
Cash and cash equivalents	$	47,442	$	47,442	$	27,530	$	27,530
Restricted cash		474		474		967		967
Commercial mortgage loans, net		427,627		432,697		249,573		250,156
Total	$	475,543	$	480,613	$	278,070	$	278,653
Financial liabilities
Repurchase agreements - real estate securities	$	82,756	$	82,756	$	61,871	$	61,871
Repurchase agreements - commercial mortgage loans		279,016		279,016		164,333		164,333
Total	$	361,772	$	361,772	$	226,204	$	226,204

XML 47 R30.htm IDEA: XBRL DOCUMENT

Subsequent Events (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Declared Distributions for Publicly Offered Class of Common Stock

On July 2, 2019, the Company declared distributions for each publicly offered class of its common stock in the amount per share set forth below:

	Gross Distribution⁽¹⁾
Class A Common Stock	$	0.135
Class D Common Stock	$	0.135
Class I Common Stock	$	0.135
Class S Common Stock	$	0.135
Class T Common Stock	$	0.135

(1)

The gross distribution for the Class D, Class S and Class T common stock will be reduced by class-specific stockholder

servicing fees, resulting in a lower net distribution per share.

Class P Common Stock

Subsequent Dividends Paid In Cash Monthly in Arrears

The table below sets forth the distributions paid after June 30, 2019 to holders of Class P shares in cash monthly in arrears:

Distribution Period

Month

Distribution Paid

Distribution Amount

June 2019

July 2019

1,405

July 2019

August 2019

1,644

XML 48 R31.htm IDEA: XBRL DOCUMENT

Organization and Business Operations - Additional Information (Details) - USD ($)				3 Months Ended		6 Months Ended
	Aug. 13, 2019	Mar. 22, 2019	Oct. 25, 2016	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Apr. 29, 2019	Apr. 28, 2019	Dec. 31, 2018
Organization And Business Operations [Line Items]
Advisory agreement date						Oct. 25, 2016
Issuance of common stock, shares				$ 51,636,000	$ 26,678,000	$ 94,316,000	$ 46,828,000
Shares authorized								3,050,000,000	500,000,000
Common stock shares authorized								$ 3,050	$ 500
Preferred Stock
Organization And Business Operations [Line Items]
Shares authorized								50,000,000
Maximum \| Initial Public Offering
Organization And Business Operations [Line Items]
Issuance of common stock, shares		$ 2,350,000
Common Class P
Organization And Business Operations [Line Items]
Shares authorized				500,000,000		500,000,000		3,000,000,000		450,000,000
Common Class P \| Maximum
Organization And Business Operations [Line Items]
Shares issued value, private offering			$ 500,000
Common Class P \| Subsequent Event
Organization And Business Operations [Line Items]
Shares issued, private offering	10,258,094
Gross proceeds from issuance of private offering	$ 276,681
Common Class A
Organization And Business Operations [Line Items]
Shares authorized				500,000,000		500,000,000		500,000,000		0
Common Class D
Organization And Business Operations [Line Items]
Shares authorized				500,000,000		500,000,000		500,000,000		0
Common Class I
Organization And Business Operations [Line Items]
Shares authorized				500,000,000		500,000,000		500,000,000		0
Common Class S
Organization And Business Operations [Line Items]
Shares authorized				500,000,000		500,000,000		500,000,000		0
Common Class T
Organization And Business Operations [Line Items]
Shares authorized				500,000,000		500,000,000		500,000,000		0

XML 49 R32.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Additional Information (Details)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Cash and cash equivalents, description	Cash and cash equivalents include funds on deposit with financial institutions, including demand deposits with financial institutions with original maturities of three months or less.

XML 50 R33.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 47,442	$ 27,530
Restricted cash	474	967
Total cash, cash equivalents, and restricted cash	$ 47,916	$ 28,497

XML 51 R34.htm IDEA: XBRL DOCUMENT

Commercial Mortgage Loans Held for Investment - Schedule of Commercial Mortgage Loans held for Investment (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019 USD ($) Loan	Dec. 31, 2018 USD ($) Loan
Mortgage Loans On Real Estate [Line Items]
Number of Loans \| Loan	27	18
Principal Balance	$ 430,804	$ 251,725
Unamortized (fees)/costs, net	(3,177)	(2,152)
Carrying Value	$ 427,627	$ 249,573
Weighted Average Interest Rate	6.30%	6.50%
Weighted Average Years to Maturity	2 years 1 month 6 days	2 years 6 months
First Mortgage Loans [Member]
Mortgage Loans On Real Estate [Line Items]
Number of Loans \| Loan	25	16
Principal Balance	$ 420,304	$ 241,225
Unamortized (fees)/costs, net	(3,177)	(2,152)
Carrying Value	$ 417,127	$ 239,073
Weighted Average Interest Rate	6.20%	6.40%
Weighted Average Years to Maturity	2 years	2 years 2 months 12 days
Credit Loans [Member]
Mortgage Loans On Real Estate [Line Items]
Number of Loans \| Loan	2	2
Principal Balance	$ 10,500	$ 10,500
Carrying Value	$ 10,500	$ 10,500
Weighted Average Interest Rate	9.20%	9.20%
Weighted Average Years to Maturity	7 years	7 years 6 months

XML 52 R35.htm IDEA: XBRL DOCUMENT

Commercial Mortgage Loans Held for Investment - Summary of Investment Grade of Loans Loss (Details) - Commercial Mortgage Loans	6 Months Ended
	Jun. 30, 2019
Investment Grade One
Financing Receivable Recorded Investment [Line Items]
Description of Investment Grade	Investment exceeding fundamental performance expectations and/or capital gain expected. Trends and risk factors since time of investment are favorable.
Investment Grade Two
Financing Receivable Recorded Investment [Line Items]
Description of Investment Grade	Performing consistent with expectations and a full return of principal and interest expected. Trends and risk factors are neutral to favorable.
Investment Grade Three
Financing Receivable Recorded Investment [Line Items]
Description of Investment Grade	Performing investment requiring closer monitoring. Trends and risk factors show some deterioration. Collection of principal and interest is still expected.
Investment Grade Four
Financing Receivable Recorded Investment [Line Items]
Description of Investment Grade	Underperforming investment with the potential of some interest loss but still expecting a positive return on investment. Trends and risk factors are negative.
Investment Grade Five
Financing Receivable Recorded Investment [Line Items]
Description of Investment Grade	Underperforming investment with expected loss of interest and some principal.

XML 53 R36.htm IDEA: XBRL DOCUMENT

Commercial Mortgage Loans Held for Investment - Additional Information (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2019 USD ($) Loan Rating	Dec. 31, 2018 USD ($) Loan Rating
Mortgage Loans On Real Estate [Abstract]
Weighted average risk rating \| Rating	2	2
Allowance for loan losses \| $	$ 0	$ 0
Number of loans risk rated two	26	17
Number of loans risk rated three	1	1

XML 54 R37.htm IDEA: XBRL DOCUMENT

Real Estate Securities - Summary of Company's Real Estate Securities (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2019 USD ($) Investment	Dec. 31, 2018 USD ($) Investment
Schedule Of Available For Sale Securities [Line Items]
Number of Positions \| Investment	14	10
Weighted Average Interest Rate	5.80%	5.70%
Weighted Average Years to Maturity	1 year 2 months 12 days	1 year 3 months 18 days
Par Value	$ 133,937,000	$ 93,522,000
Amortized Cost	133,145,000	92,461,000
Unrealized Gains	572,000
Unrealized Losses	(26,000)	(1,243,000)
Real estate securities at fair value	133,691,000	$ 91,218,000
Realized Losses	$ (43,000)
AAA
Schedule Of Available For Sale Securities [Line Items]
Number of Positions \| Investment	3	2
Collateral	Hospitality, Office	Hospitality
Weighted Average Interest Rate	3.20%	3.40%
Weighted Average Years to Maturity	7 months 6 days	8 months 12 days
Par Value	$ 20,284,000	$ 20,310,000
Amortized Cost	20,204,000	20,310,000
Unrealized Gains	42,000
Unrealized Losses	(4,000)	(277,000)
Real estate securities at fair value	20,242,000	$ 20,033,000
Realized Losses	$ (43,000)
AA-
Schedule Of Available For Sale Securities [Line Items]
Number of Positions \| Investment	1	1
Collateral	Hospitality	Hospitality
Weighted Average Interest Rate	3.40%	3.50%
Weighted Average Years to Maturity	1 year	1 year 4 months 24 days
Par Value	$ 2,000,000	$ 2,000,000
Amortized Cost	1,999,000	1,998,000
Unrealized Losses	(1,000)	(31,000)
Real estate securities at fair value	$ 1,998,000	$ 1,967,000
BB-
Schedule Of Available For Sale Securities [Line Items]
Number of Positions \| Investment	7	5
Collateral	Retail, Hospitality, Mixed Use, Multifamily	Retail, Hospitality
Weighted Average Interest Rate	4.90%	5.30%
Weighted Average Years to Maturity	1 year 4 months 24 days	1 year 7 months 6 days
Par Value	$ 56,378,000	$ 38,512,000
Amortized Cost	56,328,000	38,438,000
Unrealized Gains	287,000
Unrealized Losses	(21,000)	(460,000)
Real estate securities at fair value	$ 56,594,000	$ 37,978,000
Unrated
Schedule Of Available For Sale Securities [Line Items]
Number of Positions \| Investment	3	2
Collateral	Hospitality	Hospitality
Weighted Average Interest Rate	7.60%	7.70%
Weighted Average Years to Maturity	1 year 3 months 18 days	1 year 4 months 24 days
Par Value	$ 55,275,000	$ 32,700,000
Amortized Cost	54,614,000	31,715,000
Unrealized Gains	243,000
Unrealized Losses		(475,000)
Real estate securities at fair value	$ 54,857,000	$ 31,240,000

XML 55 R38.htm IDEA: XBRL DOCUMENT

Real Estate Securities - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019 USD ($) Investment Security	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) Rating Investment Security	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($) Rating Investment Security
Schedule Of Available For Sale Securities [Line Items]
Number of investments \| Investment	14		14		10
Carrying value of investments	$ 133,691,000		$ 133,691,000		$ 91,218,000
Unrealized loss	26,000		26,000		1,243,000
Available for sale securities amortized cost	133,145,000		133,145,000		92,461,000
Par Value	133,937,000		133,937,000		$ 93,522,000
Unrealized gain	$ 572,000		$ 572,000
Number of positions in unrealized loss for a period greater than 12 months \| Investment	0		0		0
Realized gains or losses	$ (43,000)	$ 0	$ (43,000)	$ 0
Real estate securities sold	$ 9,211,000		$ 9,211,000	$ 2,996,000
Weighted average risk rating \| Rating			2		2
Commercial Mortgage Loans
Schedule Of Available For Sale Securities [Line Items]
Number of investments \| Investment	14		14		10
Carrying value of investments	$ 133,691,000		$ 133,691,000		$ 91,218,000
Unrealized loss	$ 26,000		$ 26,000		$ 1,243,000
Number of available for sale securities purchased at a discount \| Security	5		5		3
Available for sale securities amortized cost	$ 792,000		$ 792,000		$ 1,061,000
Par Value	133,937,000		133,937,000		93,522,000
Unrealized gain	572,000		572,000
Discount or premium	$ 0		$ 0		$ 0
Weighted average risk rating \| Rating			2		2

XML 56 R39.htm IDEA: XBRL DOCUMENT

Repurchase Agreements - Additional Information (Details)		1 Months Ended		6 Months Ended
	May 06, 2019 USD ($)	Feb. 28, 2019	Aug. 31, 2018 USD ($)	Jun. 30, 2019 Agreement	Jan. 31, 2019 USD ($)	Jul. 31, 2018 USD ($)
Commercial Mortgage Loans \| CF Repo Facility
Repurchase Agreement [Line Items]
Repurchase agreement in advances loan			$ 175,000,000		$ 250,000,000	$ 100,000,000
Repurchase agreement, maximum possible adjustment in loans						$ 250,000,000
Extended maturity date		2020-05
Commercial Mortgage Loans \| CF Repo Facility \| LIBOR
Repurchase Agreement [Line Items]
Interest rate			2.25%
Commercial Mortgage Loans \| JP Morgan Repo Facility
Repurchase Agreement [Line Items]
Repurchase agreement in advances loan	$ 150,000,000
Initial maturity date	May 06, 2021
Line of credit facility successive term option to extension period, description	two successive one-year extensions
Commercial Mortgage Loans \| JP Morgan Repo Facility \| Minimum [Member]
Repurchase Agreement [Line Items]
Interest rate	1.75%
Commercial Mortgage Loans \| JP Morgan Repo Facility \| Maximum
Repurchase Agreement [Line Items]
Interest rate	2.25%
Real Estate Securities
Repurchase Agreement [Line Items]
Number of master repurchase agreements \| Agreement				2

XML 57 R40.htm IDEA: XBRL DOCUMENT

Repurchase Agreements - Schedule of Outstanding Repurchase Agreements (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Assets Sold Under Agreements To Repurchase [Line Items]
Accrued Interest Payable	$ 528	$ 427
Weighted Average Interest Rate	5.80%	5.70%
Commercial Mortgage Loans
Assets Sold Under Agreements To Repurchase [Line Items]
Amount Outstanding	$ 279,016	$ 164,333
Commercial Mortgage Loans \| CF Repo Facility
Assets Sold Under Agreements To Repurchase [Line Items]
Committed Financing	250,000	175,000
Amount Outstanding	235,610	164,410
Accrued Interest Payable	395	299
Collateral Pledged	$ 331,517	$ 225,075
Weighted Average Interest Rate	4.65%	4.71%
Weighted Average Days to Maturity	318 days	317 days
Commercial Mortgage Loans \| JPM Repo Facility
Assets Sold Under Agreements To Repurchase [Line Items]
Committed Financing	$ 150,000
Amount Outstanding	43,495
Accrued Interest Payable	58
Collateral Pledged	$ 84,038
Weighted Average Interest Rate	4.30%
Weighted Average Days to Maturity	676 days
Commercial Mortgage Loans \| Repo Facility
Assets Sold Under Agreements To Repurchase [Line Items]
Committed Financing	$ 400,000	$ 175,000
Amount Outstanding	279,105	164,410
Accrued Interest Payable	453	299
Collateral Pledged	$ 415,555	$ 225,075
Weighted Average Interest Rate	4.59%	4.71%
Weighted Average Days to Maturity	374 days	317 days
Real Estate Securities
Assets Sold Under Agreements To Repurchase [Line Items]
Amount Outstanding	$ 82,756	$ 61,871
Accrued Interest Payable	75	128
Collateral Pledged	$ 115,721	$ 84,646
Weighted Average Interest Rate	3.87%	3.79%
Weighted Average Days to Maturity	19 days	9 days

XML 58 R41.htm IDEA: XBRL DOCUMENT

Repurchase Agreements - Schedule of Outstanding Repurchase Agreements (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Commercial Mortgage Loans \| Repo Facility
Assets Sold Under Agreements To Repurchase [Line Items]
Unamortized debt issuance costs	$ 89	$ 77

XML 59 R42.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Class Of Stock [Line Items]
Proceeds from issuance of common stock	$ 94,316,000	$ 46,828,000
Common stock, offering costs	6,321,000	3,654,000
Deferred offering costs	2,126,000		$ 1,201,000
Distributions payable	$ 1,405,000	$ 517,000	$ 941,000
Common Class A
Class Of Stock [Line Items]
Common stock, shares, issued	0	0	0
Common stock, shares, outstanding	0	0	0
Distributions declared or paid	$ 0		$ 0
Common Class T
Class Of Stock [Line Items]
Common stock, shares, issued	0	0	0
Common stock, shares, outstanding	0	0	0
Distributions declared or paid	$ 0		$ 0
Common Class S
Class Of Stock [Line Items]
Common stock, shares, issued	0	0	0
Common stock, shares, outstanding	0	0	0
Distributions declared or paid	$ 0		$ 0
Common Class D
Class Of Stock [Line Items]
Common stock, shares, issued	0	0	0
Common stock, shares, outstanding	0	0	0
Distributions declared or paid	$ 0		$ 0
Common Class I
Class Of Stock [Line Items]
Common stock, shares, issued	0	0	0
Common stock, shares, outstanding	0	0	0
Distributions declared or paid	$ 0		$ 0
Class P Common Stock
Class Of Stock [Line Items]
Common stock, shares issued	3,495,435	1,725,216
Common stock, shares, issued	9,434,993		5,940,744
Common stock, shares, outstanding	9,434,993	3,458,608	5,940,744	1,733,392
Daily distribution amount	$ 0.005260274	$ 0.005260274
Distributions declared per share	$ 1.92	$ 1.92
Class P Common Stock
Class Of Stock [Line Items]
Common stock, shares issued	3,495,435	1,725,216
Common stock issued, average price per share	$ 26.98	$ 27.14
Proceeds from issuance of common stock	$ 87,995,000	$ 43,174,000
Common stock, offering costs	6,321,000	3,654,000
Deferred offering costs	267,000	$ 276,000
Distributions payable	$ 1,405,000		$ 941,000

XML 60 R43.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Change in Outstanding Shares Including Restricted Common Stock (Details) - Common Class P - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Class Of Stock [Line Items]
Beginning balance	5,940,744	1,733,392
Issuance of Class P Shares	3,495,435	1,725,216
Issuance of restricted Class P Shares	2,400
Redemptions	(3,586)
Ending balance	9,434,993	3,458,608

XML 61 R44.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Distributions Paid and Declared (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Dividends Payable [Line Items]
Distributions paid			$ 6,684	$ 2,153
Class P Common Stock
Dividends Payable [Line Items]
Distributions paid	$ 3,762	$ 1,271	6,684	2,153
Distributions declared	$ 3,977	$ 1,402	$ 7,148	$ 2,410

XML 62 R45.htm IDEA: XBRL DOCUMENT

Net Income Per Share - Summary of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income	$ 2,484	$ 543	$ 6,105	$ 1,039
Weighted average shares outstanding, basic	8,287,246	2,920,697	7,486,495	2,522,468
Weighted average shares outstanding, diluted	8,287,480	2,920,781	7,486,628	2,522,535
Net income per share, basic and diluted	$ 0.30	$ 0.19	$ 0.82	$ 0.41

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

XML 63 R46.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies - Additional Information (Details) $ in Thousands	Jun. 30, 2019 USD ($) Loan	Dec. 31, 2018 USD ($) Loan
Commitments And Contingencies Disclosure [Abstract]
Number of commercial real estate loans \| Loan	19	13
Commercial real estate, remaining future funding commitment \| $	$ 45,352	$ 30,343

XML 64 R47.htm IDEA: XBRL DOCUMENT

Transactions with Related Parties - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Related Party Transaction [Line Items]
Proceeds from issuance of common stock	$ 94,316,000	$ 46,828,000
Class P Common Stock
Related Party Transaction [Line Items]
Proceeds from issuance of common stock	87,995,000	$ 43,174,000
Advisor \| Class P Common Stock
Related Party Transaction [Line Items]
Proceeds from issuance of common stock	$ 1,000,000
Common stock, shares, issued	40,040
Common stock, purchase price per share	$ 25.00
Payment of selling commissions	$ 0
Payment of dealer manager fees	0
Payment of organization and offering expenses	$ 0
Subscription agreement, minimum number of shares to be held	8,000
Subscription agreement, value of minimum number of shares to be held	$ 200,000
Description of subscription agreement	The Advisor has agreed pursuant to its subscription agreement that, for so long as it or its affiliate is serving as the Advisor, (i) it will not sell or transfer at least 8,000 of the Class P Shares that it has purchased, accounting for $200 of its investment, to an unaffiliated third party; (ii) it will not be eligible to submit a request for these 40,040 Class P Shares pursuant to the Company’s share repurchase program prior to the fifth anniversary of the date on which such Class P Shares were purchased (November 2021); and (iii) repurchase requests made for these Class P Shares will only be accepted (a) on the last business day of a calendar quarter, (b) after all repurchase requests from all other stockholders for such quarter have been accepted and (c) to the extent that such repurchases do not cause total repurchases in the quarter in which they are being repurchased to exceed that quarter’s repurchase cap
Sub-Advisor \| Class P Common Stock
Related Party Transaction [Line Items]
Proceeds from issuance of common stock	$ 3,000,000
Common stock, shares, issued	120,000
Common stock, purchase price per share	$ 25.00
Payment of selling commissions	$ 0
Payment of dealer manager fees	0
Payment of organization and offering expenses	$ 0
Description of subscription agreement	Sound Point has agreed pursuant to its subscription agreement that, for so long as the Sub-Advisor or its affiliate is serving as the Sub-Advisor, (i) it will not be eligible to submit a request for the repurchase of these 120,000 Class P Shares pursuant to the Company’s share repurchase program prior to the fifth anniversary of the date on which such Class P Shares were purchased (November 2021); and (ii) repurchase requests made for these Class P Shares will only be accepted (a) on the last business day of a calendar quarter, (b) after all repurchase requests from all other stockholders for such quarter have been accepted and (c) to the extent that such repurchases do not cause total repurchases in the quarter in which they are being repurchased to exceed that quarter’s repurchase cap.

XML 65 R48.htm IDEA: XBRL DOCUMENT

Transactions with Related Parties - Summary of Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Advisory fee	$ 1,954	$ 539	$ 3,485	$ 539
Total, payable	2,024		2,024		$ 1,680
Advisor
Related Party Transaction [Line Items]
Organization and offering expense reimbursement	155	154	267	276
Selling commissions and dealer manager fee	3,132	1,747	5,617	3,043
Advisory fee	1,954	539	3,485	539
Operating expense reimbursement	3	4	5	5
Total	5,244	$ 2,444	9,374	$ 3,863
Organization and offering expense reimbursement, payable	67		67		512
Advisory fee, payable	1,954		1,954		1,161
Operating expense reimbursement, payable	3		3		7
Total, payable	$ 2,024		$ 2,024		$ 1,680

XML 66 R49.htm IDEA: XBRL DOCUMENT

Transactions with Related Parties - Summary of Related Party Transactions (Parenthetical) (Details) - Advisor				6 Months Ended
	Jul. 17, 2019	Jul. 16, 2019	Apr. 29, 2019	Jun. 30, 2019
Related Party Transaction [Line Items]
Percentage of average aggregate value of assets				0.375%
Percentage of excess total return			20.00%	20.00%
Subsequent Event
Related Party Transaction [Line Items]
Percentage of gross value of assets	0.104%	0.375%
Minimum [Member]
Related Party Transaction [Line Items]
Percentage of minimum total return per share			7.00%	7.00%
Percentage of aggregate total return			15.00%	15.00%
Maximum
Related Party Transaction [Line Items]
Percentage of selling commission				5.00%
Percentage of dealer manager fee				3.00%
Maximum \| Subsequent Event
Related Party Transaction [Line Items]
Percentage of net asset value of assets	0.208%
Class P Common Stock \| Minimum [Member]
Related Party Transaction [Line Items]
Percentage of gross proceeds from issuance of initial public offering				15.00%

XML 67 R50.htm IDEA: XBRL DOCUMENT

Equity-Based Compensation - Additional Information (Details) $ in Thousands			3 Months Ended		6 Months Ended
	Jan. 07, 2019 USD ($) Director shares	Mar. 01, 2018 USD ($) Director shares	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)
Restricted Shares \| Independent Directors \| RSP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense \| $			$ 5	$ 3	$ 10	$ 3
Unrecognized compensation cost \| $			$ 42		$ 42
Weighted average remaining period that compensation expense recognizable					2 years 1 month 2 days
Common Stock \| Director Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of independent directors \| Director	3	3
Restricted shares value \| $	$ 30	$ 30
Restricted shares description	These restricted Class P Shares vest in equal one-third increments on January 7, 2020, 2021 and 2022	These restricted Class P Shares vest in equal one-third increments on March 1, 2019, 2020 and 2021
Common Stock \| Director Stock Awards \| Year 1
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted shares award vest percentage	33.33%	33.33%
Common Stock \| Director Stock Awards \| Year 2
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted shares award vest percentage	33.33%	33.33%
Common Stock \| Director Stock Awards \| Year 3
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted shares award vest percentage	33.33%	33.33%
Common Stock \| Director Stock Awards \| Independent Director One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted shares	400	400
Common Stock \| Director Stock Awards \| Independent Director Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted shares	400	400
Common Stock \| Director Stock Awards \| Independent Director Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted shares	400	400
Common Stock \| Director Stock Awards \| Independent Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted shares	1,200	1,200

XML 68 R51.htm IDEA: XBRL DOCUMENT

Equity-Based Compensation - Summary of the Restricted Shares (Details) - Restricted Shares	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding beginning balance, Shares \| shares	1,200
Granted, Shares \| shares	1,200
Vested, Shares \| shares	(400)
Outstanding ending balance, Shares \| shares	2,000
Outstanding beginning balance, Weighted average grant date fair value	$ 30
Granted, Weighted average grant date fair value	30
Vested, Weighted average grant date fair value	(10)
Outstanding ending balance, Weighted average grant date fair value	50
Outstanding beginning balance, Aggregate intrinsic value	30
Granted, Aggregate intrinsic value	30
Vested, Aggregate intrinsic value	(10)
Outstanding ending balance, Aggregate intrinsic value	$ 50

XML 69 R52.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Instruments - Financial Instruments Carried at Fair Value in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate securities at fair value	$ 133,691	$ 91,218
Fair Value Measurements, Recurring \| Real Estate Securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate securities at fair value	133,691	91,218
Fair Value Measurements, Recurring \| Real Estate Securities \| Level II
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate securities at fair value	$ 133,691	$ 91,218

XML 70 R53.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair value assets transfers from level 1 to level 2 amount	$ 0	$ 0	$ 0	$ 0
Fair value assets transfers from level 2 to level 1 amount	0	0	0	0
Fair value assets transfers to level 3 amount	0	0	0	0
Fair value assets transfers out of level 3 amount	$ 0	$ 0	$ 0	$ 0

XML 71 R54.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Instruments - Schedule of Carrying Amount and Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Amount
Financial assets
Cash and cash equivalents	$ 47,442	$ 27,530
Restricted cash	474	967
Commercial mortgage loans, net	427,627	249,573
Total	475,543	278,070
Financial liabilities
Total	361,772	226,204
Carrying Amount \| Real Estate Securities
Financial liabilities
Repurchase agreements	82,756	61,871
Carrying Amount \| Commercial Mortgage Loans
Financial liabilities
Repurchase agreements	279,016	164,333
Estimated Fair Value
Financial assets
Cash and cash equivalents	47,442	27,530
Restricted cash	474	967
Commercial mortgage loans, net	432,697	250,156
Total	480,613	278,653
Financial liabilities
Total	361,772	226,204
Estimated Fair Value \| Real Estate Securities
Financial liabilities
Repurchase agreements	82,756	61,871
Estimated Fair Value \| Commercial Mortgage Loans
Financial liabilities
Repurchase agreements	$ 279,016	$ 164,333

XML 72 R55.htm IDEA: XBRL DOCUMENT

Subsequent Events - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands			6 Months Ended
	Aug. 13, 2019	Jul. 02, 2019	Jun. 30, 2019	Jun. 30, 2018
Subsequent Event [Line Items]
Proceeds from issuance of common stock			$ 94,316	$ 46,828
Common Stock
Subsequent Event [Line Items]
Proceeds from issuance of common stock			$ 87,995	$ 43,174
Class P Common Stock
Subsequent Event [Line Items]
Distributions declared per share			$ 1.92	$ 1.92
Subsequent Event
Subsequent Event [Line Items]
Proceeds from issuance of common stock	$ 277,271
Subsequent Event \| Common Stock
Subsequent Event [Line Items]
Distribution Period End Date		Aug. 31, 2019
Dividends declared		Jul. 02, 2019
Dividends payable date to be paid		Sep. 18, 2019
Subsequent Event \| Class P Common Stock
Subsequent Event [Line Items]
Distribution Period Start Date	Aug. 13, 2019
Distribution Period End Date	Aug. 31, 2019
Dividend payable distribution amount	$ 0.16
Distributions declared per share	$ 1.92

XML 73 R56.htm IDEA: XBRL DOCUMENT

Subsequent Events - Subsequent Distributions Paid in Cash Monthly in Arrears (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Subsequent Event [Line Items]
Distribution Amount	$ 1,405	$ 941	$ 517
Class P Common Stock \| June 2019
Subsequent Event [Line Items]
Distribution Period	June 2019
Month Distribution Paid	2019-07
Distribution Amount	$ 1,405
Class P Common Stock \| July 2019
Subsequent Event [Line Items]
Distribution Period	July 2019
Month Distribution Paid	2019-08
Distribution Amount	$ 1,644

XML 74 R57.htm IDEA: XBRL DOCUMENT

Subsequent Events - Schedule of Declared Distributions for Publicly Offered Class of Common Stock (Details) - $ / shares		3 Months Ended		6 Months Ended
	Jul. 02, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Subsequent Event [Line Items]
Gross Distribution		$ 0.48	$ 0.48	$ 0.96	$ 0.96
Common Class A \| Subsequent Event
Subsequent Event [Line Items]
Gross Distribution	$ 0.135
Common Class D \| Subsequent Event
Subsequent Event [Line Items]
Gross Distribution	0.135
Common Class I \| Subsequent Event
Subsequent Event [Line Items]
Gross Distribution	0.135
Common Class S \| Subsequent Event
Subsequent Event [Line Items]
Gross Distribution	0.135
Common Class T \| Subsequent Event
Subsequent Event [Line Items]
Gross Distribution	$ 0.135

EXCEL 75 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Aug. 13, 2019
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	ck0001690012
Entity Registrant Name	InPoint Commercial Real Estate Income, Inc.
Entity Central Index Key	0001690012
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity File Number	000-55782
Entity Tax Identification Number	320506267
Entity Address, Address Line One	2901 Butterfield Road
Entity Address, City or Town	Oak Brook
Entity Address, State or Province	Illinois
Entity Address, Postal Zip Code	60523
City Area Code	800
Local Phone Number	826-8228
Common Class P
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		10,249,238
Common Class A
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Common Class T
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		20,689
Common Class I
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		2,111
Common Class S
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Common Class D
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0