Risk Factors

The words “we,” “us,” “our” and “InPoint” and the “Company” below refer to InPoint Commercial Real Estate Income, Inc.

An investment in shares of InPoint involves significant risks. If the Company is unable to effectively manage these risks, it may not meet its investment objectives and investors may lose some or all of their investment. Some of the risks related to investing in the Company include, but are not limited to: the risks typically associated with the CRE underlying the investment, which include, but are not limited to market risks such as local property supply and demand conditions, tenants’ inability to pay rent, tenant turnover, inflation and other increases in operating costs, adverse changes in laws and regulations, relative illiquidity of real estate investments, changing market demographics, acts of nature such as earthquakes, floods or other uninsured losses, interest rate fluctuations, and availability of financing; the Company has paid past distributions from sources other than cash flows from operating activities, including from offering proceeds, which reduces the amount of cash the Company ultimately has to invest in assets, and some of its distributions have not been covered by net income; if the Company cannot generate sufficient cash flow from operations to fully fund distributions, some or all of its distributions may again be paid from these other sources, and if its net income does not cover its distributions, those distributions will dilute stockholders’ equity; there is no current public trading market for the Company’s common stock, and the Company does not expect that such a market will develop, therefore, repurchase of shares by the Company will likely be the only way for stockholders to dispose of their shares, and the Company’s share repurchase plan (“SRP”) is currently suspended; even if the Company’s stockholders are able to sell their shares pursuant to the SRP in the future, or otherwise, they may not be able to recover the amount of their investment in the Company’s shares; the Company’s Advisor and our Sub-Advisor may face conflicts of interest in allocating personnel and resources between their affiliates; none of the Company’s agreements with its Advisor, its Sub-Advisor or any affiliates of its Advisor or Sub-Advisor were negotiated at arm’s-length; and if the Company fails to continue to qualify as a REIT, its operations and distributions to stockholders will be adversely affected. You should carefully review the “Risk Factors” section of our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q for a discussion of the risks and uncertainties that we believe are material to our business, operating results, prospects and financial condition.