Granite Point Expands Repurchase Facility Capacity with JPMorgan

Granite Point Mortgage Trust Inc., a real estate finance company, has expanded its uncommitted master repurchase agreement with JPMorgan Chase Bank. The amended facility, which is held by GP Commercial JPM LLC, a subsidiary of Granite Point, now has a maximum borrowing capacity of $651 million.

The new terms also extend the maturity date to July 28, 2028, and include three additional 364-day extension options. This change potentially enhances Granite Point's funding flexibility and balance-sheet management.

Granite Point utilizes repurchase facilities with major financial institutions like JPMorgan to support its lending and investment activities in the commercial real estate market.