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InPoint Commercial Real Estate Income completes common share sale

InPoint Commercial Real Estate Income Inc. completed the sale of 24,719 class P common shares for an aggregate purchase price of $674,000.

The sale of these shares was made in connection with a private placement of up to $500 million of the company's class P shares to accredited investors, which began Oct. 25, 2016.

The maximum total initial purchase price per class P share is $27.38, including a $25.00-per-share transaction price prior to the determination of the company's net asset value per share plus selling commissions, dealer manager fees and organization and offering expenses.

As of Dec. 26, InPoint Commercial Real Estate Income has sold class P common shares for gross proceeds of approximately $160.4 million.