Granite Point Mortgage Trust updates $651M JPMorgan facility

Granite Point Mortgage Trust Inc., through its wholly owned subsidiary GP Commercial JPM LLC, amended and restated its repurchase financing with JPMorgan Chase Bank.

Rhea-AI Filing Summary

Granite Point Mortgage Trust Inc., through its wholly owned subsidiary GP Commercial JPM LLC, amended and restated its repurchase financing with JPMorgan Chase Bank. The Facility Amendments increase the maximum size of the uncommitted master repurchase facility to $651 million, extend its stated maturity to July 28, 2028, and provide three 364-day options to further extend the final maturity date. The amendments also adjust principal payment waterfall mechanics and modify the financial covenants related to "Unrestricted Cash" and "Minimum Tangible Net Worth". Granite Point Mortgage Trust entered into a second amended and restated guaranty in favor of JPMorgan, continuing to guarantee obligations under this facility.

Filing Explained

The July amendments report a company-guaranteed financing obligation, but the $651 million figure is an uncommitted maximum, not disclosed borrowing.

Form 8-K reports specified material events; here, Granite Point Mortgage Trust discloses that its subsidiary entered a repurchase-facility amendment on July 28, 2026, followed by an amended and restated facility on July 31, 2026.

The filing places the arrangement under direct-financial-obligation reporting, and the company’s amended and restated guaranty in favor of JPMorgan means the disclosed structure includes a company guarantee of obligations under the facility.

The $651 million figure is the facility’s maximum amount, while the agreement is described as uncommitted; it therefore establishes a financing ceiling rather than a disclosed borrowing, and the filing does not state an amount drawn or proceeds received.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Maximum Facility Amount: $651 million Facility Maturity Date: July 28, 2028 Extension Options: three 364-day options +3 more

6 metrics

Maximum Facility Amount $651 million Maximum size of the uncommitted master repurchase facility after the Facility Amendments

Facility Maturity Date July 28, 2028 Stated maturity date of the amended repurchase facility

Extension Options three 364-day options Options to further extend the facility’s final maturity date

Series A Preferred Dividend Rate 7.00% Rate on Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock listed on NYSE

Amendment Date (MRA Amendment) July 28, 2026 Date GP Commercial JPM LLC entered into the MRA Amendment with JPMorgan

Amended Facility Date July 31, 2026 Date of the amended and restated Uncommitted Master Repurchase Facility

Key Terms

Master Repurchase Agreement, Uncommitted Master Repurchase Facility, Minimum Tangible Net Worth, Unrestricted Cash, +1 more

5 terms

Master Repurchase Agreement financial

"amendment to that certain previously disclosed Uncommitted Master Repurchase Agreement"

A master repurchase agreement is a standardized legal contract that governs repurchase (repo) transactions, where one party sells a security to another with a promise to buy it back later at a set price. Think of it like a short-term, collateralized loan or pawning an item: the security reduces the lender’s risk and the agreement sets the rules, including margin and default procedures. Investors care because these deals affect market liquidity, short-term funding costs and counterparty risk, which can influence asset prices and a firm’s ability to borrow.

Uncommitted Master Repurchase Facility financial

"Amended and Restated Uncommitted Master Repurchase Facility, dated as of July 31, 2026"

Minimum Tangible Net Worth financial

"modify the facility’s "Unrestricted Cash" and "Minimum Tangible Net Worth" financial covenants"

Unrestricted Cash financial

"modify the facility’s "Unrestricted Cash" and "Minimum Tangible Net Worth" financial covenants"

cumulative redeemable preferred stock financial

"7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01"

Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing action did Granite Point Mortgage Trust (GPMT) disclose with JPMorgan?

Granite Point Mortgage Trust amended and restated its master repurchase financing facility with JPMorgan through subsidiary GP Commercial JPM LLC. The changes cover facility size, maturity, payment waterfall mechanics, financial covenants, and an updated guaranty by Granite Point in favor of JPMorgan.

What is the new maximum facility amount for GPMT’s JPMorgan repurchase facility?

The Facility Amendments increase the maximum facility amount to $651 million. This limit applies to the uncommitted master repurchase facility between GP Commercial JPM LLC and JPMorgan Chase Bank and replaces the prior maximum amount under that agreement.

When does Granite Point Mortgage Trust’s amended JPMorgan facility now mature?

The amended repurchase facility now has a stated maturity date of July 28, 2028. In addition, the Facility Amendments provide three separate 364-day options to further extend the final maturity date, subject to the terms of the agreement.

Which financial covenants were modified for GPMT in the JPMorgan facility amendments?

The Facility Amendments modify the financial covenants relating to "Unrestricted Cash" and "Minimum Tangible Net Worth". These covenant changes adjust how Granite Point Mortgage Trust must maintain certain balance-sheet measures under the repurchase facility terms.

What guarantee did Granite Point Mortgage Trust provide in connection with the facility amendments?

Granite Point Mortgage Trust entered into a Second Amended and Restated Guarantee Agreement in favor of JPMorgan. This updated guaranty continues the company’s guarantee of obligations arising under the amended and restated uncommitted master repurchase facility.

Who are the counterparties to GPMT’s amended repurchase facility?

The amended and restated repurchase facility is between GP Commercial JPM LLC, a Granite Point subsidiary, and JPMorgan Chase Bank, National Association. Granite Point Mortgage Trust Inc. supports the facility through its separate amended and restated guarantee agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001703644false00017036442026-07-282026-07-280001703644us-gaap:CommonStockMemberexch:XNYS2026-07-282026-07-280001703644us-gaap:SeriesAPreferredStockMemberexch:XNYS2026-07-282026-07-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 28, 2026

Granite Point Mortgage Trust Inc.

(Exact name of registrant as specified in its charter)

Maryland

001-38124

61-1843143

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

1114 Avenue of the Americas, Suite 3020
New York,			NY			10036
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 364-5500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act  (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange on which registered:

Common Stock, par value $0.01 per share

GPMT

NYSE

7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share

GPMTPrA

NYSE

 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

JPMorgan Repurchase Facility

On July 28, 2026, GP Commercial JPM LLC (“GPC”), a wholly owned subsidiary of Granite Point Mortgage Trust Inc. (the “Company”), entered into an amendment (the “MRA Amendment”) to that certain previously disclosed Uncommitted Master Repurchase Agreement (as amended, the “MRA”), dated as of December 3, 2015, between GPC and JPMorgan Chase Bank, National Association (“JPMorgan”) and, in connection therewith, the Company entered into an amendment and restatement (the “2nd A&R Guaranty”) of that certain Amended and Restated Guarantee Agreement, dated as of June 28, 2017, in favor of JPMorgan. On July 31, 2026, GPC entered into an amendment and restatement of the MRA (collectively, with the MRA Amendment and the 2nd A&R Guaranty, the “Facility Amendments”). Among other things, the Facility Amendments (i) increase the maximum facility amount to $651 million, (ii) extend the facility’s maturity date to July 28, 2028, and provide three 364-day options to further extend the facility’s final maturity date; (iii) adjust the facility’s principal payment waterfall mechanics; (iv) modify the facility’s “Unrestricted Cash” and “Minimum Tangible Net Worth” financial covenants and (v) update outdated language.

The foregoing descriptions of the Facility Amendments do not purport to be complete and are qualified in their entirety by reference to the full text of the Facility Amendments, which are filed herewith as Exhibit 10.1, 10.2 and 10.3, and are incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
10.1						Amendment No. 14 to Master Repurchase Agreement, dated as of July 28, 2026, between GP Commercial JPM LLC and JPMorgan Chase Bank, National Association, and acknowledged and agreed to by Granite Point Mortgage Trust Inc.
10.2						Second Amended and Restated Guarantee Agreement, dated as of July 28, 2026, made by Granite Point Mortgage Trust Inc. in favor of JPMorgan Chase Bank, National Association.
10.3*						Amended and Restated Uncommitted Master Repurchase Facility, dated as of July 31, 2026, between GP Commercial JPM LLC and JPMorgan Chase Bank, National Association.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

*Certain schedules and similar attachments have been omitted in reliance on Instruction 4 of Item 1.01 of Form 8-K and Item 601(a)(5) of Regulation S-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			GRANITE POINT MORTGAGE TRUST INC.
			By:			/s/ MICHAEL J. KARBER
						Michael J. Karber
						General Counsel and Secretary
Date: August 3, 2026

Filing Exhibits & Attachments

7 documents

Agreements & Contracts

• EX-10.1 EX-10.1 37.1 KB
• EX-10.2 EX-10.2 104.8 KB
• EX-10.3 EX-10.3 796.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.3 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 16.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 29.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 17.3 KB