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

2021 Q1 Form 10-Q Financial Statement

#000156459021027928 Filed on May 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $5.425M $6.394M
YoY Change -15.15%
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 $272.0K
YoY Change
% of Gross Profit
Operating Expenses $4.060M $1.565M
YoY Change 159.42% -21.0%
Operating Profit
YoY Change
Interest Expense $1.894M $3.962M
YoY Change -52.2% 43.81%
% of Operating Profit
Other Income/Expense, Net -$42.69M
YoY Change -2518.53%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $1.365M -$37.86M
YoY Change -103.61% -1145.8%
Net Earnings / Revenue 25.16% -592.09%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 11.64M 11.35M
Diluted Shares Outstanding 11.64M 11.35M

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $52.64M $72.11M $46.68M
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 $569.2M $555.0M
YoY Change -21.09%
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 $330.8M $314.7M $483.1M
YoY Change -31.53% -29.61% 78.17%
SHAREHOLDERS EQUITY
Retained Earnings -$48.78M -$47.25M -$51.19M
YoY Change -4.71% 381.83% 762.66%
Common Stock $287.2M $287.5M $288.0M
YoY Change -0.28% 8.1% 52.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $238.5M $240.3M $236.9M
YoY Change
Total Liabilities & Shareholders Equity $569.2M $555.0M $719.9M
YoY Change -20.93% -21.09% 58.74%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income $1.365M -$37.86M
YoY Change -103.61% -1145.8%
Depreciation, Depletion And Amortization $272.0K
YoY Change
Cash From Operating Activities $2.155M $4.982M
YoY Change -56.74% 199.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$33.19M -$48.49M
YoY Change -31.55% -37.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $124.0K -$23.50M
YoY Change -100.53% -155.06%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.57M 52.54M
YoY Change -77.97% -31.8%
NET CHANGE
Cash From Operating Activities 2.155M 4.982M
Cash From Investing Activities -33.19M -48.49M
Cash From Financing Activities 11.57M 52.54M
Net Change In Cash -19.46M 9.036M
YoY Change -315.39% 505.22%
FREE CASH FLOW
Cash From Operating Activities $2.155M $4.982M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 ck0001690012 Loan Fees Payable
LoanFeesPayable
361000
CY2021Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
4009000
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2020Q1 us-gaap Interest Expense
InterestExpense
3962000
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
296000
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2020Q4 ck0001690012 Loan Fees Payable
LoanFeesPayable
401000
CY2021Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2294000
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2093000
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6394000
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei City Area Code
CityAreaCode
800
CY2021Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1014000
CY2021Q1 dei Local Phone Number
LocalPhoneNumber
826-8228
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1001000
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
902000
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
1168000
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
IL
CY2021Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1183000
CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Oak Brook
CY2021Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
60523
CY2021Q1 us-gaap Interest Receivable
InterestReceivable
1241000
CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
32-0506267
CY2021Q1 us-gaap Assets
Assets
569239000
CY2021Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q4 us-gaap Assets
Assets
554991000
CY2021Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
2901 Butterfield Road
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1012000
CY2021Q1 ck0001690012 Stock Issuance Costs
StockIssuanceCosts
25240000
CY2021Q1 us-gaap Interest Income Operating
InterestIncomeOperating
6451000
CY2021Q1 us-gaap Interest Expense
InterestExpense
1894000
CY2021Q1 ck0001690012 Revenue From Real Estate Owned
RevenueFromRealEstateOwned
868000
CY2021Q1 us-gaap Revenues
Revenues
5425000
CY2020Q1 us-gaap Revenues
Revenues
6394000
CY2021Q1 ck0001690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
737000
CY2020Q1 ck0001690012 Related Party Transaction Advisory Fee
RelatedPartyTransactionAdvisoryFee
844000
CY2021Q1 ck0001690012 Debt Finance Costs
DebtFinanceCosts
431000
CY2021Q1 ck0001690012 Directors Compensation
DirectorsCompensation
21000
CY2020Q1 ck0001690012 Directors Compensation
DirectorsCompensation
24000
CY2021Q1 ck0001690012 Real Estate Owned Operating Expenses
RealEstateOwnedOperatingExpenses
2155000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
272000
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
4060000
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
1565000
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4500000
CY2020Q1 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-38187000
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-42687000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1365000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-37858000
CY2021Q1 ck0001690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
10000
CY2021Q1 ck0001690012 Repurchase Agreements Secured By Commercial Mortgage Loans
RepurchaseAgreementsSecuredByCommercialMortgageLoans
305943000
CY2020Q4 ck0001690012 Repurchase Agreements Secured By Commercial Mortgage Loans
RepurchaseAgreementsSecuredByCommercialMortgageLoans
290699000
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
16865000
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
292000
CY2020Q1 ck0001690012 Amortization Of Equity Based Compensation
AmortizationOfEquityBasedCompensation
8000
CY2021Q1 ck0001690012 Amortization Of Debt Finance Costs To Operating Expense
AmortizationOfDebtFinanceCostsToOperatingExpense
431000
CY2020Q1 ck0001690012 Amortization Of Debt Finance Costs To Operating Expense
AmortizationOfDebtFinanceCostsToOperatingExpense
254000
CY2021Q1 ck0001690012 Amortization Of Debt Finance Costs To Interest Expense
AmortizationOfDebtFinanceCostsToInterestExpense
13000
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.34
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11349448
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11349581
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
276000
CY2021Q1 us-gaap Dividends
Dividends
2892000
CY2021Q1 ck0001690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-120000
CY2021Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
125000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
236851000
CY2020Q1 us-gaap Debt Securities Realized Gain Loss
DebtSecuritiesRealizedGainLoss
-38187000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
272000
CY2021Q1 ck0001690012 Reduction In The Carrying Amount Of The Right Of Use Asset
ReductionInTheCarryingAmountOfTheRightOfUseAsset
18000
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4726000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-37858000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
1365000
CY2021Q1 us-gaap Liabilities
Liabilities
330780000
CY2021Q1 us-gaap Professional Fees
ProfessionalFees
224000
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
218000
CY2021Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
220000
CY2020Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
225000
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-48780000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
569239000
CY2020Q1 us-gaap Interest Income Operating
InterestIncomeOperating
10356000
CY2021Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
287228000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
238459000
CY2020Q4 ck0001690012 Stock Issuance Costs
StockIssuanceCosts
24964000
CY2021Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
475414000
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
867000
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
32236000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
441814000
CY2021Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2021Q1 dei Entity File Number
EntityFileNumber
000-55782
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3593000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52644000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72107000
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
32474000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5507000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5525000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16790000
CY2020Q4 us-gaap Liabilities
Liabilities
314735000
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
287498000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-47253000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
240256000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
554991000
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11640959
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11640969
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24261000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1565000
CY2020Q1 us-gaap Dividends
Dividends
3525000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4557000
CY2020Q1 ck0001690012 Debt Finance Costs
DebtFinanceCosts
254000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
256166000
CY2020Q1 ck0001690012 Adjustments To Additional Paid In Capital Distribution Reinvestment
AdjustmentsToAdditionalPaidInCapitalDistributionReinvestment
-127000
CY2020Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
763000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-381000
CY2021Q1 ck0001690012 Increase Decrease In Loans Fees Payable
IncreaseDecreaseInLoansFeesPayable
-40000
CY2020Q1 ck0001690012 Increase Decrease In Loans Fees Payable
IncreaseDecreaseInLoansFeesPayable
430000
CY2021Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
79000
CY2020Q1 ck0001690012 Amortization Of Debt Finance Costs To Interest Expense
AmortizationOfDebtFinanceCostsToInterestExpense
19000
CY2020Q1 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
221000
CY2021Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
203000
CY2020Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
360000
CY2021Q1 ck0001690012 Amortization Of Loan Extension Fees
AmortizationOfLoanExtensionFees
97000
CY2021Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
73000
CY2020Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
58000
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
416000
CY2020Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-138000
CY2021Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
76000
CY2020Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
553000
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
112000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-47000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2155000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4982000
CY2021Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
33286000
CY2020Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
50543000
CY2021Q1 ck0001690012 Proceeds From Loan Extension Fees Received On Commercial Loans
ProceedsFromLoanExtensionFeesReceivedOnCommercialLoans
51000
CY2021Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
77000
CY2021Q1 ck0001690012 Acquisition Of Real Estate Owned And Capital Expenditures
AcquisitionOfRealEstateOwnedAndCapitalExpenditures
34000
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2054000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33192000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48489000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24261000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
125000
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
763000
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
294000
CY2020Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1132000
CY2021Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
15244000
CY2020Q1 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
402767000
CY2020Q1 ck0001690012 Principal Payments On Securities Sold Under Agreements To Repurchase
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase
367307000
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
626000
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
185000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2626000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5098000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11574000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52543000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19463000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9036000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
72107000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37639000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
52644000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46675000
CY2021Q1 ck0001690012 Amortization Of Deferred Exit Fees Due To Related Party
AmortizationOfDeferredExitFeesDueToRelatedParty
142000
CY2020Q1 ck0001690012 Amortization Of Deferred Exit Fees Due To Related Party
AmortizationOfDeferredExitFeesDueToRelatedParty
231000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
1890000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
4100000
CY2020Q1 ck0001690012 Receivable For Real Estate Securities Paydown
ReceivableForRealEstateSecuritiesPaydown
-34000
CY2021Q1 ck0001690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
-18000
CY2020Q1 ck0001690012 Related Party Transaction Accrued Stockholder Servicing Fee
RelatedPartyTransactionAccruedStockholderServicingFee
433000
CY2021Q1 ck0001690012 Distribution Reinvestment
DistributionReinvestment
120000
CY2020Q1 ck0001690012 Distribution Reinvestment
DistributionReinvestment
127000
CY2021Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
0
CY2021Q1 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.
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2021Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
0
CY2021Q1 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
31
CY2021Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
474904000
CY2021Q1 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
510000
CY2021Q1 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.054
CY2021Q1 ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y6M
CY2020 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
29
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
441696000
CY2020Q4 ck0001690012 Mortgage Loans On Real Estate Unamortized Costs Net
MortgageLoansOnRealEstateUnamortizedCostsNet
118000
CY2020 srt Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.055
CY2020 ck0001690012 Mortgage Loans On Real Estate Weighted Average Maturity Period
MortgageLoansOnRealEstateWeightedAverageMaturityPeriod
P1Y7M6D
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
504702000
CY2021Q1 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
33286000
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
69135000
CY2021Q1 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
77000
CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
99727000
CY2021Q1 ck0001690012 Mortgage Loans On Real Estate Amortization Of Loan Origination Extension Expense And Deferred Fees
MortgageLoansOnRealEstateAmortizationOfLoanOriginationExtensionExpenseAndDeferredFees
442000
CY2020 ck0001690012 Mortgage Loans On Real Estate Amortization Of Loan Origination Extension Expense And Deferred Fees
MortgageLoansOnRealEstateAmortizationOfLoanOriginationExtensionExpenseAndDeferredFees
1818000
CY2020 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
10000000
CY2021Q1 ck0001690012 Mortgage Loans On Real Estate Origination And Extension Fees Net Capitalized
MortgageLoansOnRealEstateOriginationAndExtensionFeesNetCapitalized
51000
CY2020 ck0001690012 Mortgage Loans On Real Estate Deferred Interest Capitalized On Commercial Loan
MortgageLoansOnRealEstateDeferredInterestCapitalizedOnCommercialLoan
386000
CY2020 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
19774000
CY2020Q1 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
4500000
CY2020Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
546000
CY2021Q1 ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2020 ck0001690012 Initial Risk Rating For Commercial Mortgage Loans Held For Investment And Real Estate Securities
InitialRiskRatingForCommercialMortgageLoansHeldForInvestmentAndRealEstateSecurities
2
CY2021Q1 ck0001690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
22
CY2020 ck0001690012 Number Of Loans Risk Rated Two
NumberOfLoansRiskRatedTwo
19
CY2021Q1 ck0001690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
6
CY2020 ck0001690012 Number Of Loans Risk Rated Three
NumberOfLoansRiskRatedThree
7
CY2021Q1 ck0001690012 Number Of Loans Risk Rated Four
NumberOfLoansRiskRatedFour
3
CY2020 ck0001690012 Number Of Loans Risk Rated Four
NumberOfLoansRiskRatedFour
3
CY2021Q1 ck0001690012 Number Of Loans Risk Rated One
NumberOfLoansRiskRatedOne
0
CY2020 ck0001690012 Number Of Loans Risk Rated One
NumberOfLoansRiskRatedOne
0
CY2021Q1 ck0001690012 Number Of Loans Risk Rated Five
NumberOfLoansRiskRatedFive
0
CY2020 ck0001690012 Number Of Loans Risk Rated Five
NumberOfLoansRiskRatedFive
0
CY2021Q1 ck0001690012 Dividend Payable Monthly Distribution Amount
DividendPayableMonthlyDistributionAmount
0.0792
CY2021Q1 ck0001690012 Dividend Payable Monthly Distribution Amount
DividendPayableMonthlyDistributionAmount
0.0833
CY2021Q1 ck0001690012 Dividend Payable Monthly Distribution Amount
DividendPayableMonthlyDistributionAmount
0.0875
CY2021Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.95
CY2021Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.00
CY2021Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.05
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
165
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
133
CY2021Q1 ck0001690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
22
CY2020Q4 ck0001690012 Number Of Commercial Real Estate Loans
NumberOfCommercialRealEstateLoans
20
CY2021Q1 ck0001690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
56649000
CY2020Q4 ck0001690012 Commercial Real Estate Loans Remaining Future Funding Commitment
CommercialRealEstateLoansRemainingFutureFundingCommitment
50940000
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2021Q1 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 the Renaissance Chicago O’Hare Suites Hotel 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.
CY2021Q1 ck0001690012 Lessee Finance Lease Commencement Date
LesseeFinanceLeaseCommencementDate
1999-04-01
CY2021Q1 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
CY2021Q1 ck0001690012 Lessee Finance Lease Interest Rate
LesseeFinanceLeaseInterestRate
0.1137
CY2021Q1 ck0001690012 Lessee Finance Lease Termination Description
LesseeFinanceLeaseTerminationDescription
Company may terminate the lease as of March 31, 2049, March 31, 2065 and March 31, 2081
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
18000
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
478000
CY2021Q1 ck0001690012 Finance Lease Cost
FinanceLeaseCost
496000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
5549000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
42000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
24000
CY2021Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1208000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1611000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1611000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1745000
CY2021Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
262539000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1772000
CY2021Q1 ck0001690012 Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
271457000
CY2021Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
279404000

Files In Submission

Name View Source Status
0001564590-21-027928-index-headers.html Edgar Link pending
0001564590-21-027928-index.html Edgar Link pending
0001564590-21-027928.txt Edgar Link pending
0001564590-21-027928-xbrl.zip Edgar Link pending
ck0001690012-10q_20210331.htm Edgar Link pending
ck0001690012-20210331.xml Edgar Link completed
ck0001690012-20210331.xsd Edgar Link pending
ck0001690012-20210331_cal.xml Edgar Link unprocessable
ck0001690012-20210331_def.xml Edgar Link unprocessable
ck0001690012-20210331_lab.xml Edgar Link unprocessable
ck0001690012-20210331_pre.xml Edgar Link unprocessable
ck0001690012-ex311_8.htm Edgar Link pending
ck0001690012-ex312_7.htm Edgar Link pending
ck0001690012-ex321_9.htm Edgar Link pending
ck0001690012-ex322_6.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gyqtb2km1dm5000001.jpg Edgar Link pending
gyqtb2km1dm5000002.jpg Edgar Link pending
gyqtb2km1dm5000003.jpg Edgar Link pending
gyqtb2km1dm5000004.jpg Edgar Link pending
gyqtb2km1dm5000005.jpg Edgar Link pending
gyqtb2km1dm5000006.jpg Edgar Link pending
gyqtb2km1dm5000007.jpg Edgar Link pending
gyqtb2km1dm5000008.jpg Edgar Link pending
gyqtb2km1dm5000009.jpg Edgar Link pending
gyqtb2km1dm5000010.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending