InPoint Commercial Real Estate Income Inc. Suspends Distributions & SRP
Are you concerned about your investment in InPoint Commercial Real Estate Income? If so, the securities attorneys at the White Law Group may be able to help you recover your losses through FINRA arbitration.
The board of InPoint Commercial Real Estate Income Inc., a commercial mortgage real estate investment trust, has reportedly suspended the company’s public offering, share repurchase plan, distributions, and distribution reinvestment plan, indicating the global pandemic COVID-19 as the reason for the decision, according to SEC filings.
InPoint reportedly seeks to originate, acquire and manage a diversified credit portfolio secured by commercial real estate properties primarily within the United States.
The mortgage REIT, advised by an affiliate of Inland Real Estate Investment Corporation and sub-advised by an affiliate of Sound Point Capital Management LP., originated $65.4 million in floating-rate first mortgage loans during the first quarter of 2019.
The closure of non-essential businesses in order to limit the spread of the Coronavirus has had a huge impact on commercial real estate, affecting the ability of commercial and residential tenants to pay rent, according to the company.
Recovery of Investment Losses
The White Law Group is investigating FINRA arbitration claims involving broker dealers who may have improperly recommended mortgage REITs to investors.
Brokerage firms are required to perform due diligence on any investment they recommend, including mortgage REITs. They must ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
If you have suffered losses in a mortgage REIT such asInPoint Commercial Real Estate Income, please call the securities attorneys of The White Law Group at (888)637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, please visit https://www.whitesecuritieslaw.com.