GPMT

Granite Point Mortgage Trust Inc. (GPMT) operates as a real estate investment trust that originates, invests in, and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Headquartered in New York City, the company focuses on directly originating, structuring, and underwriting loans secured by high-quality institutional commercial real estate properties across the United States. GPMT's portfolio primarily consists of floating-rate bridge loans and other transitional financing for a diverse range of commercial property types, including office buildings, multifamily residential properties, retail centers, and industrial facilities. As an externally managed REIT, the company is managed by Pine River Capital Management L.P., which provides the platform, resources, and expertise necessary to source and manage investments. GPMT's investment strategy emphasizes sponsor quality, property location, and potential for value creation through repositioning or lease-up. The company targets middle-market borrowers and properties in major metropolitan markets, typically with loan sizes ranging from $10 million to $150 million. GPMT operates with a disciplined underwriting approach focused on capital preservation while generating attractive risk-adjusted returns for shareholders. The company has built relationships with experienced real estate sponsors and investors, positioning itself as a reliable source of customized financing solutions in the commercial real estate lending market.