Granite Point Mortgage Trust Inc. (GPMT) Tops Q1 EPS by 1c
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Granite Point Mortgage Trust Inc. Announces Closing of $826 Million Commercial Real Estate CLO
May 9, 2018 4:30 PM EDTNEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced today the closing of GPMT 2018-FL1, an $826 million collateralized loan obligation ("CLO"), which financed 25 existing GPMT first mortgage loan investments. The CLO has an initial advance rate of approximately 80% and a weighted average interest rate at issuance of LIBOR + 1.27%. Proceeds from... More
