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InPoint Commercial Real Estate Income sells common stock

InPoint Commercial Real Estate Income Inc. closed the sale of approximately 26,920 shares of its class P common stock for about $728,069.

The shares were sold in connection with the private placement of up to $500 million of class P shares to investors, which started Oct. 25, 2016.

As of May 30, the company has sold a total of approximately 3,049,388 class P shares to investors under the private placement for total gross proceeds of approximately $82.0 million.