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InPoint Commercial Real Estate completes sale of common stock

InPoint Commercial Real Estate Income Inc in January finished a sale of approximately 330,269 class P common shares for proceeds of about $8.9 million.

The sale was connected to the private placement of up to $500 million of class P shares to accredited investors that began on Oct. 25, 2016.

The company has now sold approximately 2,070,077 class P shares for gross proceeds of about $55.5 million as of Feb. 2.