ICR-PA on NYSE
InPoint Commercial Real Estate Income, Inc.
American real estate investment trust based in Oak Brook. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerICR-PA on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersOak Brook, United States2
- Incorporated inMD4
- Business address2901 Butterfield Road, Oak Brook, Il 605234
- Filer categoryNon-accelerated filer, Smaller reporting company4
- Legal formINCORPORATED2
- LEI549300Y1UHXUM1OZXN162
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O The Corporation Trust Incorporated, 21201 Baltimore, United States2
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InPoint Commercial Real Estate Income, Inc. (the “Company,” “we,” “our” or “us”) holds a diversified portfolio of CRE investments primarily comprised of CRE debt, including (a) primarily floating rate first mortgage loans and (b) subordinate mortgage and mezzanine loans. We may also invest in participations in loans secured by CRE, floating rate CRE securities, such as CMBS, senior unsecured debt of publicly traded real estate investment trusts (“REITs”) and select equity investments in single-tenant, net leased properties. Substantially all of our business is conducted through InPoint REIT Operating Partnership, LP (the “Operating Partnership”), a Delaware limited partnership. We are the sole general partner and directly or indirectly hold all of the limited partner interests in the Operating Partnership. We have elected to be taxed as a REIT for U.S. federal income tax purposes. We are…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$23.0M
Out of $23.0M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid100¢$12.6M
Out of $11.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest income | $38.0M | $58.1M | $68.3M |
| Less: Interest expense | -$24.0M | -$36.5M | -$42.2M |
| Net interest income | $14.0M | $21.6M | $26.1M |
| Revenue from real estate | $9.0M | $2.8M | $12.7M |
| Total income | $23.0M | $24.4M | $38.8M |
| Advisory fee | $3.1M | $3.2M | $3.4M |
| Amortization of debt finance costs | $1.3M | $1.5M | $1.9M |
| Directors compensation | $76.0K | $78.0K | $80.0K |
| Professional service fees | $1.1M | $936.0K | $286.0K |
| Real estate operating expenses | $5.6M | $1.8M | $11.7M |
| Provision for asset impairment | $0 | $0 | $6.9M |
| Depreciation and amortization | $5.4M | $1.5M | $514.0K |
| Other expenses | $1.2M | $1.4M | $1.7M |
| Total operating expenses | $17.9M | $10.4M | $26.5M |
| Reversal of (provision for) credit losses | $1.2M | -$2.3M | -$16.9M |
| Gain on sale of real estate | $0 | $0 | $206.0K |
| Net realized (loss) gain on disposition of commercial loans | -$7.9M | $929.0K | $0 |
| Total other loss | -$6.7M | -$1.4M | -$16.7M |
| Net (loss) income before income taxes | -$1.6M | $12.7M | -$4.4M |
| Income tax provision | $0 | $0 | -$22.0K |
| Net (loss) income | -$1.6M | $12.7M | -$4.4M |
| Gain on repurchase and retirement of preferred stock | $0 | $0 | $21.0K |
| Net (loss) income attributable to common stockholders | -$7.6M | $6.7M | -$10.4M |
| Net (loss) income per share attributable to common stockholders, basic | -$0.75 | $0.66 | -$1.03 |
| Net (loss) income per share attributable to common stockholders, diluted | -$0.75 | $0.66 | -$1.03 |
| Basic | 10.1M shares | 10.1M shares | 10.1M shares |
| Diluted | 10.1M shares | 10.1M shares | 10.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $76.6M | $64.5M | ||
| Restricted cash | $2.5M | $0 | ||
| Commercial mortgage loans at cost | $351.8M | $563.1M | ||
| Allowance for credit losses | -$3.9M | -$13.9M | -$21.8M | -$3.6M |
| Carrying Value | $347.9M | $549.2M | $722.0M | |
| Real estate owned, net of depreciation | $93.3M | $39.6M | ||
| Acquired lease intangible assets, net | $4.1M | $3.0M | ||
| Deferred debt finance costs | $438.0K | $453.0K | ||
| Accrued interest receivable | $1.2M | $2.7M | ||
| Prepaid expenses and other assets | $3.2M | $1.8M | ||
| Total assets | $529.2M | $661.3M | ||
| Repurchase agreements | $223.4M | $360.7M | ||
| Loan participations sold, net | $47.0M | $48.5M | ||
| Mortgage loan payable, net | $23.9M | $0 | ||
| Acquired lease intangible liabilities, net | $598.0K | $404.0K | ||
| Due to related parties | $1.2M | $1.4M | ||
| Accrued interest payable | $2.6M | $2.3M | ||
| Distributions payable | $1.1M | $1.1M | ||
| Accrued expenses and other liabilities | $3.2M | $2.3M | ||
| Total liabilities | $303.0M | $416.7M | ||
| 6.75% Series A Cumulative Redeemable Preferred Stock, $0.001 par value, 4,025,000 shares authorized, 3,544,553 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $4.0K | $4.0K | ||
| Additional paid in capital | $341.4M | $339.5M | ||
| Accumulated deficit | -$115.1M | -$95.0M | ||
| Total stockholders' equity | $226.2M | $244.6M | $250.6M | $278.6M |
| Total liabilities and stockholders equity | $529.2M | $661.3M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $76.6M | $64.5M | ||
| Restricted cash | $2.5M | $0 | ||
| Commercial mortgage loans at cost | $351.8M | $563.1M | ||
| Allowance for credit losses | -$3.9M | -$13.9M | -$21.8M | -$3.6M |
| Carrying Value | $347.9M | $549.2M | $722.0M | |
| Real estate owned, net of depreciation | $93.3M | $39.6M | ||
| Acquired lease intangible assets, net | $4.1M | $3.0M | ||
| Deferred debt finance costs | $438.0K | $453.0K | ||
| Accrued interest receivable | $1.2M | $2.7M | ||
| Prepaid expenses and other assets | $3.2M | $1.8M | ||
| Total assets | $529.2M | $661.3M | ||
| Repurchase agreements | $223.4M | $360.7M | ||
| Loan participations sold, net | $47.0M | $48.5M | ||
| Mortgage loan payable, net | $23.9M | $0 | ||
| Acquired lease intangible liabilities, net | $598.0K | $404.0K | ||
| Due to related parties | $1.2M | $1.4M | ||
| Accrued interest payable | $2.6M | $2.3M | ||
| Distributions payable | $1.1M | $1.1M | ||
| Accrued expenses and other liabilities | $3.2M | $2.3M | ||
| Total liabilities | $303.0M | $416.7M | ||
| 6.75% Series A Cumulative Redeemable Preferred Stock, $0.001 par value, 4,025,000 shares authorized, 3,544,553 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | $4.0K | $4.0K | ||
| Additional paid in capital | $341.4M | $339.5M | ||
| Accumulated deficit | -$115.1M | -$95.0M | ||
| Total stockholders' equity | $226.2M | $244.6M | $250.6M | $278.6M |
| Total liabilities and stockholders equity | $529.2M | $661.3M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | -$1.6M | $12.7M | -$4.4M |
| (Reversal of) provision for credit losses | -$1.2M | $2.3M | $16.9M |
| Provision for asset impairment | $0 | $0 | $6.9M |
| Depreciation and amortization expense | $5.4M | $1.5M | $514.0K |
| Gain on sale of real estate | $0 | $0 | -$206.0K |
| Reduction in the carrying amount of the right-of-use asset | $0 | $0 | $30.0K |
| Net realized loss (gain) on disposition of commercial loans | $7.9M | -$929.0K | $0 |
| Amortization of acquired above- and below-market leases, net | -$77.0K | -$36.0K | $0 |
| Amortization of equity-based compensation | $30.0K | $30.0K | $31.0K |
| Amortization of debt finance costs to operating expense | $1.3M | $1.5M | $1.9M |
| Amortization of debt finance costs to interest expense | $87.0K | $0 | $3.0K |
| Amortization of origination fees | $0 | $0 | -$15.0K |
| Amortization of deferred exit fees | $0 | $0 | $36.0K |
| Amortization of loan extension fees | -$881.0K | -$529.0K | -$652.0K |
| Accrued interest receivable | $891.0K | $542.0K | -$162.0K |
| Accrued expenses and other liabilities | $933.0K | $1.7M | -$7.4M |
| Accrued interest payable | $344.0K | $735.0K | $715.0K |
| Due to related parties | -$411.0K | $6.0K | $47.0K |
| Prepaid expenses and other assets | -$1.4M | -$1.5M | $1.9M |
| Net cash provided by operating activities | $11.4M | $18.0M | $16.2M |
| Origination/funding of commercial loans | -$2.0M | -$10.2M | -$23.1M |
| Loan extension fees received on commercial loans | $665.0K | $520.0K | $637.0K |
| Principal repayments of commercial loans | $99.6M | $123.6M | $107.5M |
| Proceeds from sale of commercial loan | $39.1M | $13.7M | $0 |
| Real estate capital expenditures | -$931.0K | $0 | -$496.0K |
| Proceeds from sale of real estate | $0 | $0 | $11.9M |
| Net cash provided by investing activities | $136.3M | $127.6M | $96.5M |
| Proceeds from issuance of common stock | $0 | $0 | $342.0K |
| Repurchase of preferred stock | $0 | $0 | -$83.0K |
| Payment of offering costs | -$36.0K | -$121.0K | -$282.0K |
| Reimbursement Of Offering Costs | $1.8M | ||
| Proceeds from repurchase agreements | $0 | $11.8M | $360.0M |
| Principal repayments of repurchase agreements | -$137.3M | -$108.6M | -$390.6M |
| Proceeds From Mortgage Loan Payable | $24.5M | ||
| Principal repayments of credit facility | $0 | -$9.5M | -$8.9M |
| Proceeds from sale of loan participations | $66.0K | $0 | $435.0K |
| Principal repayments of loan participations | -$1.6M | -$8.9M | -$28.7M |
| Debt finance costs | -$2.0M | -$1.3M | -$1.7M |
| Distributions paid to common stockholders | -$12.6M | -$12.6M | -$12.5M |
| Distributions paid to preferred stockholders | -$6.0M | -$6.0M | -$6.0M |
| Net cash used in financing activities | -$133.2M | -$135.2M | -$88.0M |
| Net change in cash, cash equivalents and restricted cash | $14.6M | $10.4M | $24.7M |
| Amortization of deferred exit fees due to related party | $661.0K | -$593.0K | -$176.0K |
| Interest paid | $23.2M | $37.0M | $41.9M |
| Net assets acquired upon foreclosure of commercial loans | $59.0M | $43.6M | $0 |
| Deferred interest capitalized on real estate loan | $631.0K | ||
| Accrued stockholder servicing fee due to related party | -$36.0K | -$34.0K | -$39.0K |
| Accrued capital expenditures | $0 | -$62.0K | $0 |
| Distribution reinvestment | $0 | $0 | $85.0K |
No quarter-by-quarter statement was filed.
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Leadership
Who has led InPoint Commercial Real Estate Income, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerDenise C. Kramer Dec 4, 2024 to Dec 4, 202416
- Chief executive officerMitchell A. Sabshon Jun 30, 2017 to Mar 4, 202017
- PresidentDonald J. Mackinnon Jun 30, 2017 to Nov 4, 202018
- Chief financial officerCatherine L. Lynch Jun 30, 2017 to Jun 30, 201719
Board members and other officers (10)
- Chief Investment OfficerMatthew Donnelly Feb 24, 2022 to Feb 24, 202220
- SecretaryCathleen M. Hrtanek Mar 17, 2022 to Mar 17, 202221
- CIOAndrew Winer Jun 30, 2017 to May 4, 201822
- VP and SecretaryRoderick S. Curtis Jun 30, 2017 to Jun 30, 201723
- Board memberDenise C. Kramer Dec 4, 2024 to Dec 4, 202416
- Board memberCynthia Foster Jun 30, 2017 to now24
- Board memberDonald J. Mackinnon Jun 30, 2017 to Nov 4, 202018
- Board memberMitchell A. Sabshon Jun 30, 2017 to Mar 4, 202017
- Board memberNorman Feinstein Jun 30, 2017 to now25
- Board memberRobert N. Jenkins Jun 30, 2017 to now26
Timeline
Filings
253 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 140 major events, 22 insider forms, 71 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Sep 29, 20268-K EDGAR
- Sep 21, 20268-K EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 15, 20268-K EDGAR
- Sep 14, 2026DEFA14A EDGAR
- Sep 14, 20268-K EDGAR
- Aug 28, 20268-K EDGAR
- Aug 17, 2026DEFA14A EDGAR
- Aug 14, 2026DEFA14A EDGAR
- Aug 14, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 4, 2026DEFA14A EDGAR
- Jul 30, 2026DEFA14A EDGAR
- Jul 30, 20268-K EDGAR
- Jul 15, 20268-K EDGAR
- Jun 30, 2026DEFA14A EDGAR
- Jun 30, 2026DEFA14A EDGAR
The 253 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARDonald J. Mackinnon, President
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- 21SEC EDGARCathleen M. Hrtanek, Secretary
- 22SEC EDGARAndrew Winer, CIO
- 23SEC EDGARRoderick S. Curtis, VP and Secretary
- 24SEC EDGARCynthia Foster, Board member
- 25SEC EDGARNorman Feinstein, Board member
- 26SEC EDGARRobert N. Jenkins, Board member