7.00% untl 01/15/2027, then dividends will be paid at a floating rate of the Three-Month SOFR plus 5.83% per annum, provided, however, that in no event shall the Floating Rate be lower than 7.00% per annum
Granite Point Mortgage Trust is a holding company. Through its subsidiaries, Co. is a real estate finance company that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. These investments are capitalized by accessing a variety of funding options, including borrowing under Co.'s bank credit facilities or other asset-specific financings, issuing commercial real estate collateralized loan obligations, entering into term financing agreements, and issuing other forms of secured and unsecured debt and equity securities. Co. operates as a real estate investment trust.