Granite Point Mortgage Trust Boosts JPMorgan Facility to $727 Million

Granite Point Mortgage Trust has expanded its financing capabilities by amending its repurchase facility with JPMorgan Chase Bank. Effective September 30, 2026, the company increased the uncommitted capacity of the facility to $727.0 million. This adjustment, along with refinements to the principal payment waterfalls for newly added assets, aims to consolidate financing and enhance liquidity. The changes also streamline the financing of commercial mortgage assets previously funded through Citibank and Morgan Stanley facilities.

The company also amended its guarantee agreement with JPMorgan Chase Bank on the same date. This amendment modifies the Minimum Interest Expense Coverage Ratio, aligning covenants with the expanded facility and the evolving asset mix. Both agreements are terminable at will, providing Granite Point Mortgage Trust with added covenant flexibility.

The updates reflect Granite Point Mortgage Trust's strategic efforts to optimize its financial structure. By consolidating financing under a single facility, the company aims to improve operational efficiency and financial flexibility. The amendments were filed with the SEC on October 5, 2026, as part of an 8-K filing.