InPoint Commercial Real Estate Income, Inc. Announces Upsizing and Pricing of $87.5 Million of 6.75% Series A Cumulative Redeemable Preferred Stock Offering

OAK BROOK, Fig .– (BUSINESS WIRE) – InPoint Commercial Real Estate Income, Inc., a Maryland company (the “Company”), today announced the pricing of its accepted public offering of 3,500,000 shares of its 6.75% cumulatively redeemable Series A preferred stock of par value of $ 0.001 per share (the “Series A Preferred Stock”) at a public offering price of $ 25.00 per share. The company decided to expand the supply after the marketing period to meet the strong demand from potential investors. In addition, the company has given the syndicate banks a 30-day option to purchase an additional 525,000 shares of Series A preference shares to cover any over-allotments. The Series A preferred stock has a liquidation preference of $ 25.00 per share. The Company will generate gross proceeds of € 87.5 million from the sale of the Series A preference shares. The offering is expected to end on September 22, 2021, subject to customary closing conditions.

The Company intends to contribute the net proceeds from the Offering to its operating partnership, InPoint REIT Operating Partnership, LP, which in turn intends to use the net proceeds to acquire the targeted assets in accordance with its investment strategies and guidelines and for general corporate purposes.

The Series A Preferred Stock is expected to be listed on the New York Stock Exchange under the symbol “ICR PR A” and will trade within 30 days of the original date of issue.

Raymond James & Associates, Inc. is acting as sole book running manager.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of the Series A preferred shares identified in this press release in any state or jurisdiction in which such offer, solicitation or solicitation of the Selling would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. A registration statement in respect of the Series A Preferred Stock has been filed and has been declared effective by the Securities and Exchange Commission (the “SEC”).

The offer is made exclusively by means of a prospectus. Copies of the preliminary prospectus relating to the offering can be obtained free of charge from the SEC’s website at www.sec.gov or from Raymond James, Attn: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716 by phone at (800) 248-8863. The preliminary prospectus contains a description of these matters and other important information about the Company and should be read carefully before investing.

About InPoint Commercial Real Estate Income, Inc.

InPoint Commercial Real Estate Income, Inc. is a commercial mortgage loan real estate investment trust seeking to establish, acquire, and manage a diversified loan portfolio backed by commercial real estate primarily in the United States.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements about the company’s business, including, but not limited to, statements about the company’s plans, strategies, and objectives and the public offering of its preferred stock. You can generally identify forward-looking statements by the Company’s use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “anticipate”, “estimate”, “believe”, “continue”. or similar words. These statements incorporate the company’s plans and goals for future operations, including plans and goals for future growth and the availability of funds, and are based on current expectations that involve numerous risks and uncertainties. Assumptions relating to these statements include judgments, among other things, about future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the company. Although the company believes that the assumptions underlying the forward-looking statements and the forward-looking statements themselves are reasonable, all assumptions may be inaccurate and no guarantee can be given that these forward-looking statements will prove to be accurate and the actual results, Company’s performance and achievements could differ materially from those expressed or implied in these forward-looking statements. Given the significant uncertainties inherent in these forward-looking statements, inclusion of this information should not be taken as a representation by the company or any other person that the company’s goals and plans, as it deems appropriate, will be achieved. Factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, risks and uncertainties relating to the completion of the Offer on the expected terms, or the use of the intended use of the proceeds of the Offer , Market conditions, the fulfillment of customary closing conditions in connection with the offer, changes in economic conditions in general and the real estate markets in particular.

You should review the “Risk Factors” section of the Company’s prospectus, which is included in the Company’s Registration Statement on Form S-11 (File Number 333-258802) filed with the SEC and the risk factors included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the SEC on March 19, 2021; and the company’s quarterly report on Form 10-Q for the quarter ended March 31, 2021, as filed with the SEC on March 31, 2021 SEC to discuss the risks and uncertainties that the company believes are material to its business, results of operations, prospects, and financial condition. Unless otherwise required by federal securities laws, the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.