InPoint Commercial Real Estate Income Inc. completed the sale of approximately 7,534 class P common shares for an aggregate purchase price of about $200,000.
The sale was made in connection with the private placement of up to $500 million of class P shares to accredited investors, which began Oct. 25, 2016. The maximum 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 commissions, fees and expenses.
InPoint has sold approximately 1,411,685 class P common shares to date for gross proceeds of about $37.6 million.
