Granite Point Mortgage Trust Inc.

Providing Long-term, Fundamental Value for Investors

Granite Point Mortgage Trust Inc. is a commercial real estate finance company that focuses on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments.

About Our Company

A High Credit Quality and Well-diversified Portfolio

Our investment portfolio is comprised of 99% senior first mortgages and over 98% floating rate loans, with $3.6 billion1 in total commitments, and is broadly diversified across several property types, geographies, and sponsors.

1Includes maximum loan commitments. Principal balance of $3.4 billion.

View Our Portfolio
90

Number of Loans

$3.6B

Total Loan Commitments

$3.4B

UPB

L+/S+3.61%

Weighted-average Cash Coupon

L+/S+4.05%

Weighted-average All-in Yield

62.9%

Stabilized LTV at Origination

As of Sep. 30, 2022 • 10-Q Q3 2022

Recent Transactions

We focus on originating transactions that involve investing in and managing properties of various types across a wide range of locations. The following are select case studies1 that exemplify the breadth of our diverse, high-quality portfolio.

1 For illustrative purposes only.

Loan Type

Floating-Rate Senior Loan

Investment Date

03/2022

Collateral

586,590 SF Industrial Property

Location

Leominster, MA

Committed Amount

$50 million

Coupon

S + 3.25%

Stabilized LTV

60.8%

Investment Rationale

Acquisition with ability to renew anchor tenant or lease to new tenants at higher rental rates.

Loan Type

Floating-Rate Senior Loan

Investment Date

10/2021

Collateral

264 Unit Garden Style Multifamily Property

Location

Jonesboro, AR

Committed Amount

$32 million

Coupon

L + 3.15%

Stabilized LTV

63.1%

Investment Rationale

Acquisition with opportunity to increase rents based on strong demographic/economic trends and as pandemic concessions burn-off.

Loan Type

Floating-Rate Senior Loan

Investment Date

10/2021

Collateral

618,301 SF Industrial Property

Location

Atlanta, GA

Committed Amount

$26 million

Coupon

L + 3.15%

Stabilized LTV

64.5%

Investment Rationale

Acquisition with strong in-place cash flow supported by a long term lease.

Loan Type

Floating-Rate Senior Loan

Investment Date

02/2022

Collateral

194,575 SF Office Building

Location

Greenwood Village, CO

Committed Amount

$23 million

Coupon

S + 3.90%

Stabilized LTV

60.2%

Investment Rationale

Refinancing of a recently renovated, well-located office building with opportunity to increase rents and occupancy to market levels.

Loan Type

Floating-Rate Senior Loan

Investment Date

11/2021

Collateral

258,385 SF Mixed-use Property

Location

Pittsburgh, PA

Committed Amount

$53 million

Coupon

L + 3.40%

Stabilized LTV

63.5%

Investment Rationale

Well-located landmark property with multifamily, office, event space and parking. Sponsor to finish capital plan and increase rents to market level.

Loan Type

Floating-Rate Senior Loan

Investment Date

11/2021

Collateral

323 Unit Garden Style Multifamily Property

Location

Hoover, AL

Committed Amount

$33 million

Coupon

L + 3.18%

Stabilized LTV

68.1%

Investment Rationale

Acquisition with opportunity to renovate unit interiors, exteriors and amenities and increase rents to market levels.

Led by Commercial Real Estate Finance Veterans

Our executive team consists of seasoned professionals who possess broad investment management expertise, extensive industry relationships, and on average over 20 years of experience in the commercial real estate debt markets – much of that time working together.

Investor Relations