Granite Point Mortgage Trust upsizes JPMorgan repurchase facility to $651 million
GPMT•Granite Point upsizes JPMorgan repurchase facility
Granite Point Mortgage Trust upsized its JPMorgan Chase repurchase facility to $651 million after refinancing assets from its remaining CRE CLOs onto the facility, cutting funding costs.
The JPMorgan repurchase facility was extended to July 2028 with three 1-year extension options.
The facility size increased to $651 million; the two CRE CLOs had $521 million of debt outstanding as of June 30, 2026.
Granite Point said the weighted average cost of funds fell about 38 basis points to SOFR+2% from SOFR+2.38%.
Unrestricted cash totaled $35.1 million as of July 31, 2026.
