Granite Level Mortgage Belief Inc. Pronounces Second Quarter 2021 Frequent Inventory Dividend and Enterprise Replace

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NEW YORK, Jun 15, 2021–(BUSINESS WIRE)–Granite Level Mortgage Belief Inc. (NYSE: GPMT) (“GPMT,” “Granite Level” or the “Firm”) at the moment introduced that the Firm’s Board of Administrators declared a quarterly money dividend of $0.25 per share of frequent inventory for the second quarter of 2021. This dividend will probably be payable on July 19, 2021 to frequent stockholders of document as of July 1, 2021.

Enterprise Replace by means of June 15, 2021

  • Closed six senior floating-rate business actual property loans with whole commitments of over $150 million and preliminary fundings of over $115 million. Funded a further $25 million for prior mortgage commitments.

  • Generated a ahead pipeline of senior floating-rate loans with whole commitments of roughly $200 million and preliminary fundings of roughly $185 million, that are anticipated to shut over the subsequent couple of months, topic to fallout.

  • Realized over $415 million of mortgage repayments, together with two resort loans totaling roughly $135 million in principal steadiness.

  • Repurchased roughly 0.3 million shares of frequent inventory at a weighted common worth of $14.16 per share. There stay 1.7 million shares licensed for repurchase beneath the present share repurchase program.

About Granite Level Mortgage Belief Inc.
Granite Level Mortgage Belief Inc. is a Maryland company centered on straight originating, investing in and managing senior floating price business mortgage loans and different debt and debt-like business actual property investments. Granite Level is headquartered in New York, NY. Further data is accessible at www.gpmtreit.com.

Further Data
Stockholders of Granite Level and different individuals might discover extra data relating to the Firm on the Securities and Change Fee’s Web website at www.sec.gov or by directing requests to: Granite Level Mortgage Belief Inc., 3 Bryant Park, 24th ground, New York, NY 10036, phone (212) 364-5500.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20210615006145/en/

Contacts

Traders: Marcin Urbaszek, Chief Monetary Officer, Granite Level Mortgage Belief Inc., (212) 364-5500, buyers@gpmtreit.com

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