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InPoint Commercial Real Estate completes sale of common stock

InPoint Commercial Real Estate Income Inc. has closed a sale of approximately 202,232 class P common shares for about $5.5 million.

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. InPoint has sold approximately 1,481,034 class P shares to date for gross proceeds of about $39.5 million in the offering as of Dec. 5.