$ICR-PA
InPoint Commercial Real Estate Income, Inc.

2020 Q3 Form 10-Q Financial Statement

#000156459020053491 Filed on November 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $6.049M $5.730M
YoY Change 5.57%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.521M $2.269M
YoY Change 55.18%
Operating Profit
YoY Change
Interest Expense $1.983M $3.734M
YoY Change -46.89% 193.78%
% of Operating Profit
Other Income/Expense, Net $3.528M -$205.0K
YoY Change -1820.98% -161.01%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $6.056M $3.256M
YoY Change 86.0% 142.99%
Net Earnings / Revenue 100.12% 56.82%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 11.63M 10.12M
Diluted Shares Outstanding 11.63M 10.12M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $52.83M $37.21M $47.52M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $703.3M
YoY Change 89.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $325.0M $447.2M
YoY Change 94.63%
SHAREHOLDERS EQUITY
Retained Earnings -$46.67M -$9.807M -$9.107M
YoY Change 412.43% 53.62% 160.42%
Common Stock $287.5M $266.0M $256.8M
YoY Change 11.94% 78.91% 116.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $240.8M $256.2M $247.7M
YoY Change
Total Liabilities & Shareholders Equity $565.8M $703.3M $615.0M
YoY Change -8.0% 89.05% 136.56%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $6.056M $3.256M
YoY Change 86.0% 142.99%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 ck0001690012 Loan Fees Payable
LoanFeesPayable
231000
CY2019Q4 ck0001690012 Loan Fees Payable
LoanFeesPayable
55000
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
12790000
CY2020Q3 ck0001690012 Receivable For Real Estate Securities Sold
ReceivableForRealEstateSecuritiesSold
12066000
CY2019Q4 ck0001690012 Repurchase Agreements Secured By Real Estate Securities
RepurchaseAgreementsSecuredByRealEstateSecurities
107489000
CY2019Q4 ck0001690012 Repurchase Agreements Secured By Commercial Mortgage Loans
RepurchaseAgreementsSecuredByCommercialMortgageLoans
335805000
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
265963000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-9807000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
256166000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
703319000
CY2019Q4 ck0001690012 Stock Issuance Costs
StockIssuanceCosts
22718000
us-gaap Interest Income Operating
InterestIncomeOperating
24511000
CY2020Q3 ck0001690012 Revenue From Real Estate Owned
RevenueFromRealEstateOwned
365000
us-gaap Revenues
Revenues
14513000
ck0001690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
3973000
ck0001690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
5086000
CY2019Q3 ck0001690012 Debt Finance Costs
DebtFinanceCosts
271000
ck0001690012 Debt Finance Costs
DebtFinanceCosts
961000
ck0001690012 Debt Finance Costs
DebtFinanceCosts
692000
CY2020Q3 ck0001690012 Directors Compensation
DirectorsCompensation
25000
CY2019Q3 ck0001690012 Directors Compensation
DirectorsCompensation
22000
ck0001690012 Directors Compensation
DirectorsCompensation
73000
ck0001690012 Directors Compensation
DirectorsCompensation
66000
CY2020Q3 us-gaap Professional Fees
ProfessionalFees
246000
us-gaap Professional Fees
ProfessionalFees
492000
CY2020Q3 ck0001690012 Real Estate Owned Operating Expenses
RealEstateOwnedOperatingExpenses
944000
ck0001690012 Real Estate Owned Operating Expenses
RealEstateOwnedOperatingExpenses
944000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
122000
CY2020Q3 ck0001690012 Repurchase Agreements Secured By Commercial Mortgage Loans
RepurchaseAgreementsSecuredByCommercialMortgageLoans
301330000
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16717000
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
429000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
157869000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
504702000
us-gaap Operating Expenses
OperatingExpenses
8512000
us-gaap Net Income Loss
NetIncomeLoss
-30796000
us-gaap Net Income Loss
NetIncomeLoss
9361000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8407450
us-gaap Profit Loss
ProfitLoss
-30796000
CY2020Q3 us-gaap Interest Income Operating
InterestIncomeOperating
7667000
CY2019Q3 us-gaap Interest Income Operating
InterestIncomeOperating
9464000
us-gaap Interest Expense
InterestExpense
8628000
CY2020Q3 us-gaap Interest Expense
InterestExpense
1983000
CY2019Q3 us-gaap Interest Expense
InterestExpense
3734000
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5684000
us-gaap Interest Income Operating
InterestIncomeOperating
26782000
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5730000
CY2020Q3 ck0001690012 Stock Issuance Costs
StockIssuanceCosts
24852000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
14513000
us-gaap Interest Expense
InterestExpense
9998000
CY2020Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
230000
CY2020Q3 us-gaap Liabilities
Liabilities
324998000
CY2019Q3 us-gaap Revenues
Revenues
5730000
CY2020Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2013000
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
866000
CY2020Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3611000
CY2020Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
287476000
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-46667000
us-gaap Revenues
Revenues
18519000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
240820000
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
565818000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18154000
CY2020Q3 us-gaap Revenues
Revenues
6049000
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
183000
us-gaap Professional Fees
ProfessionalFees
1758000
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
122000
CY2020Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
209000
CY2019Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
192000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
681000
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
3521000
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
2269000
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-375000
CY2020Q3 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
13404000
CY2019Q3 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-205000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
235000
CY2020Q3 us-gaap Dividends
Dividends
2539000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8000
ck0001690012 Revenue From Real Estate Owned
RevenueFromRealEstateOwned
365000
CY2020Q3 ck0001690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
1572000
CY2019Q3 ck0001690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
1601000
CY2020Q3 ck0001690012 Debt Finance Costs
DebtFinanceCosts
403000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
247711000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
358000
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-43000
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3528000
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-205000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-40803000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1542000
us-gaap Operating Expenses
OperatingExpenses
6694000
CY2020Q3 ck0001690012 Reversal Of Provision For Loan And Lease Losses
ReversalOfProvisionForLoanAndLeaseLosses
54000
ck0001690012 Reversal Of Provision For Loan And Lease Losses
ReversalOfProvisionForLoanAndLeaseLosses
-5711000
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-5499000
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
1585000
CY2020Q3 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-9930000
us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-29218000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
6056000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3256000
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.52
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.32
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.67
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.11
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11630987
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10116083
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11537483
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8407217
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11631431
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10116516
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11537483
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
237530000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
229144000
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24488000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3796000
CY2019Q3 us-gaap Dividends
Dividends
4936000
CY2019Q3 ck0001690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-1000
CY2019Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
451000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24262000
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
2135000
us-gaap Dividends
Dividends
6064000
ck0001690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-127000
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
763000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
142272000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
118804000
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
10117000
us-gaap Dividends
Dividends
12084000
ck0001690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-1000
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
541000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15000
us-gaap Profit Loss
ProfitLoss
9361000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
5711000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
128000
ck0001690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
23000
ck0001690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
15000
ck0001690012 Amortization Of Debt Finance Costs To Operating Expense
AmortizationOfDebtFinanceCostsToOperatingExpense
961000
ck0001690012 Amortization Of Debt Finance Costs To Operating Expense
AmortizationOfDebtFinanceCostsToOperatingExpense
692000
ck0001690012 Amortization Of Debt Finance Costs To Interest Expense
AmortizationOfDebtFinanceCostsToInterestExpense
60000
ck0001690012 Amortization Of Debt Finance Costs To Interest Expense
AmortizationOfDebtFinanceCostsToInterestExpense
61000
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
307000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37639000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28497000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52828000
ck0001690012 Non Cash Change In Deferred Offering Costs And Accrued Offering Expenses Included In Due To Related Parties
NonCashChangeInDeferredOfferingCostsAndAccruedOfferingExpensesIncludedInDueToRelatedParties
-505000
ck0001690012 Amortization Of Deferred Exit Fees Due To Related Party
AmortizationOfDeferredExitFeesDueToRelatedParty
208000
us-gaap Interest Paid Net
InterestPaidNet
9050000
us-gaap Interest Paid Net
InterestPaidNet
9939000
ck0001690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
420000
ck0001690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
82000
ck0001690012 Distribution Reinvestment
DistributionReinvestment
127000
ck0001690012 Distribution Reinvestment
DistributionReinvestment
1000
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
594000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
1228000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
1411000
ck0001690012 Amortization Of Deferred Exit Fees
AmortizationOfDeferredExitFees
-62000
ck0001690012 Amortization Of Deferred Exit Fees
AmortizationOfDeferredExitFees
406000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-389000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
452000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
503000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
711000
ck0001690012 Increase Decrease In Loans Fees Payable
IncreaseDecreaseInLoansFeesPayable
176000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-127770000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
230698000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-532000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
142000
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
687000
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
13000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
679000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-59000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10250000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6649000
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
59990000
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
254725000
us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
1951000
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
85080000
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
74478000
us-gaap Proceeds From Sale Of Loans And Leases Held For Investment
ProceedsFromSaleOfLoansAndLeasesHeldForInvestment
9625000
ck0001690012 Acquisition Of Real Estate Owned
AcquisitionOfRealEstateOwned
637000
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
50459000
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
96453000
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
9211000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2178000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1215000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
132709000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-218329000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24261000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
118804000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
763000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
541000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1714000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
10035000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
578182000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
925238000
ck0001690012 Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
720180000
ck0001690012 Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
789908000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
786000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1487000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6770000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11373000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15189000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19018000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47515000
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1650000
ck0001690012 Receivables For Real Estate Securities Sold
ReceivablesForRealEstateSecuritiesSold
12066000
ck0001690012 Payable For Real Estate Securities Purchased
PayableForRealEstateSecuritiesPurchased
1500000
ck0001690012 Deferred Interest Capitalized On Commercial Loan
DeferredInterestCapitalizedOnCommercialLoan
258000
ck0001690012 Number Of Loans Risk Rated Four
NumberOfLoansRiskRatedFour
3
CY2020Q3 ck0001690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
20
CY2019Q4 ck0001690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
22
CY2020Q2 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
-375000
us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
5711000
CY2020Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1
ck0001690012 Number Of Commercial Mortgage Backed Securities Risk Rated Three
NumberOfCommercialMortgageBackedSecuritiesRiskRatedThree
1
ck0001690012 Number Of Commercial Mortgage Backed Securities Risk Rated Five
NumberOfCommercialMortgageBackedSecuritiesRiskRatedFive
1
CY2019 ck0001690012 Number Of Commercial Mortgage Backed Securities Risk Rated Two
NumberOfCommercialMortgageBackedSecuritiesRiskRatedTwo
17
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
465000
CY2020Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
0
ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2019 ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
ck0001690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
19
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
249573000
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
59990000
CY2019 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
329155000
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
85080000
CY2019 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
74478000
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
1374000
CY2019 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
2403000
CY2019 ck0001690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
30
ck0001690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
7
CY2019 ck0001690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
2
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
10000000
CY2019 ck0001690012 Mortgage Loans On Real Estate Origination Fees
MortgageLoansOnRealEstateOriginationFees
1951000
ck0001690012 Mortgage Loans On Real Estate Deferred Interest Capitalized On Commercial Loan
MortgageLoansOnRealEstateDeferredInterestCapitalizedOnCommercialLoan
258000
us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
18789000
CY2020Q2 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
10000000
CY2020Q2 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
9625000
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
285
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
444
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
433
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
233
ck0001690012 Advisory Agreement Date
AdvisoryAgreementDate
2016-10-25
CY2019Q2 ck0001690012 Shares Authorized
SharesAuthorized
3050000000
CY2019Q2 ck0001690012 Shares Authorized
SharesAuthorized
500000000
CY2019Q2 ck0001690012 Common Stock Shares Authorized Value
CommonStockSharesAuthorizedValue
500000
CY2019Q2 ck0001690012 Common Stock Shares Authorized Value
CommonStockSharesAuthorizedValue
3050000
us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Cash and cash equivalents include funds on deposit with financial institutions, including demand deposits with financial institutions with original maturities of three months or less.
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52828000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37639000
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
29
CY2020Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
447069000
CY2020Q3 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
-325000
srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.055
ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y9M18D
CY2019 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
32
CY2019Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
506402000
CY2019Q4 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
-1700000
CY2019 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.057
CY2019 ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P2Y2M12D
CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
268000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1611000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1611000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1611000
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1731000
CY2020Q3 ck0001690012 Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
273377000
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
280209000
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
263492000
CY2020Q3 ck0001690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
53890000
CY2019Q4 ck0001690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
54620000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2019Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2020Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2019Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Company is the lessee under one ground lease. The ground lease, which commenced on April 1, 1999, was assumed as part of a property acquired through a deed-in-lieu of foreclosure transaction on August 20, 2020 and extends through March 31, 2098. The lease is classified as a finance lease. Under the ground lease, the Company is prohibited from mortgaging the land but is not prohibited from making a leasehold mortgage for property constructed on the land. The Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081 provided that twelve months’ notice is provided to the lessor prior to those respective dates.
ck0001690012 Lessee Finance Lease Commencement Date
LesseeFinanceLeaseCommencementDate
1999-04-01
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2098-03-31
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
16827000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2020Q3 ck0001690012 Lessee Finance Lease Interest Rate
LesseeFinanceLeaseInterestRate
0.1137
ck0001690012 Lessee Finance Lease Termination Description
LesseeFinanceLeaseTerminationDescription
Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6000
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
158000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
158000
CY2020Q3 ck0001690012 Finance Lease Cost
FinanceLeaseCost
164000
ck0001690012 Finance Lease Cost
FinanceLeaseCost
164000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
6000

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