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): September 15, 2026 |
InPoint Commercial Real Estate Income, Inc.
(Exact name of Registrant as Specified in Its Charter)
|
|
|
|
|
Maryland |
001-40833 |
32-0506267 |
(State or Other Jurisdiction
of Incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
|
|
|
|
|
2901 Butterfield Road |
|
Oak Brook, Illinois |
|
60523 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
|
Registrant’s Telephone Number, Including Area Code: (800) 826-8228 |
(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
|
6.75% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share |
|
ICR PR A |
|
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
Determination of August 31, 2026 NAV per Share
InPoint Commercial Real Estate Income, Inc. (the “Company,” “we,” “our”) calculates net asset value (“NAV”) per share in accordance with the valuation guidelines that have been approved by its Board of Directors. Our NAV per share, which is updated as of the last calendar day of each month, is posted on our website at www.inland-investments.com/inpoint. The “Net Asset Value Calculation and Valuation Guidelines” section of the prospectus for our public offering (SEC Registration No. 333-264540), as supplemented, contains details regarding how our NAV is determined. Inland InPoint Advisor, LLC, our Advisor, is ultimately responsible for determining our NAV. We have included a breakdown of the components of total NAV attributable to common stock and NAV per share for August 31, 2026.
The following table provides a breakdown of the major components of our total NAV attributable to all classes of our common stock in the aggregate as of August 31, 2026 ($ and shares in thousands, except per share data):
|
|
|
|
|
Components of NAV |
|
August 31, 2026 |
|
Commercial mortgage loans |
|
$ |
301,721 |
|
Real estate owned |
|
|
153,598 |
|
Real estate securities |
|
|
9,751 |
|
Cash and cash equivalents and restricted cash |
|
|
21,363 |
|
Other assets |
|
|
6,206 |
|
Repurchase agreements - commercial mortgage loans |
|
|
(182,616 |
) |
Loan participations sold |
|
|
(46,594 |
) |
Mortgage loan payable |
|
|
(24,123 |
) |
Due to related parties |
|
|
(1,728 |
) |
Distributions payable |
|
|
(1,052 |
) |
Interest payable |
|
|
(3,594 |
) |
Accrued stockholder servicing fees (1) |
|
|
(292 |
) |
Other liabilities |
|
|
(4,505 |
) |
Preferred stock |
|
|
(89,611 |
) |
Net asset value attributable to common stock |
|
$ |
138,524 |
|
Number of outstanding shares |
|
|
10,120 |
|
Aggregate NAV per share |
|
$ |
13.6882 |
|
(1)Stockholder servicing fees only apply to Class T, Class S, and Class D shares. For purposes of NAV, we recognize the stockholder servicing fee as a reduction of NAV on a monthly basis as such fee is paid. Under GAAP, we accrued the full cost of the stockholder servicing fee as an offering cost at the time we sold Class T, Class S, and Class D shares. As of August 31, 2026, we had accrued under GAAP $645 of stockholder servicing fees payable to Inland Securities Corporation (the “Dealer Manager”) related to the Class T and Class D shares sold. As of August 31, 2026, we had not sold any Class S shares; therefore, we had not accrued any stockholder servicing fees payable to the Dealer Manager related to Class S shares. The Dealer Manager does not retain any of these fees, all of which are retained by, or reallowed (paid) to, participating broker-dealers and servicing broker-dealers for ongoing stockholder services performed by such broker-dealers. Our public offering officially terminated on November 1, 2025.
The following table provides our total NAV attributable to common stock and NAV for each class of common stock in each case as of August 31, 2026 ($ and shares in thousands, except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAV Per Share |
|
Class P |
|
|
Class A |
|
|
Class T |
|
|
Class S |
|
|
Class D |
|
|
Class I |
|
|
Total |
|
Net asset value attributable to common stock |
|
$ |
117,103 |
|
|
$ |
10,237 |
|
|
$ |
4,029 |
|
|
$ |
— |
|
|
$ |
661 |
|
|
$ |
6,491 |
|
|
$ |
138,524 |
|
Number of outstanding shares |
|
|
8,563 |
|
|
|
746 |
|
|
|
290 |
|
|
|
— |
|
|
|
48 |
|
|
|
473 |
|
|
|
10,120 |
|
NAV per share as of August 31, 2026 |
|
$ |
13.6758 |
|
|
$ |
13.7250 |
|
|
$ |
13.8766 |
|
|
$ |
— |
|
|
$ |
13.7632 |
|
|
$ |
13.7269 |
|
|
$ |
13.6882 |
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
|
|
|
|
INPOINT COMMERCIAL REAL ESTATE INCOME, INC. |
|
|
|
|
Date: |
September 15, 2026 |
By: |
/s/ Catherine L. Lynch |
|
|
|
Catherine L. Lynch
Chief Financial Officer |
