Financing ·
Amends repurchase facility with JPMorgan to increase maximum amount to $727.0 million
GPMTGranite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc.'s subsidiary entered into amendments to its master repurchase agreement and guarantee agreement with JPMorgan Chase Bank, increasing the maximum facility amount to $727.0 million. The amendments also modify principal payment waterfall mechanics for newly added purchased assets and adjust the Minimum Interest Expense Coverage Ratio financial covenant. These assets were previously financed under facilities with Citibank and Morgan Stanley. Granite Point Mortgage Trust Inc. is a mortgage real estate investment trust that invests in commercial mortgage loans.