Granite Point Mortgage Trust is a real estate investment firm and lending platform. The firm primarily focuses on directly originating, investing in and managing senior floating-rate mortgage loans and other debt and debt-like commercial real estate investments. The firm specializes in mezzanine loans, B-notes and preferred equity in the top-50 metropolitan areas in the United States.
Granite Point Mortgage Trust was founded in 2017 and is based in New York, NY.
High-Level Lending Parameters
Loan Amounts: $25-150 million
Loan-to-Value: Up to 75%
Lending Terms: 3 to5 years
Interest Rate: LIBOR + 3.5% to 5.5%
Markets: Primary markets in the U.S.
Asset Classes: All property types
- Industrial/Office: A $81.8 million floating-rate bridge loan for the acquisition of an 11-building industrial flex and office portfolio in Denver, Colorado
- Residential Development: A $75.6 million bridge loan for the development of a townhouse rental property in Long Island City, Queens
- Industrial: A $52.2 million loan for the acquisition of an industrial property in northern New Jersey