Exhibit 25.1

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM T-1

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

 

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association   94-1347393
(Jurisdiction of incorporation of   (I.R.S. Employer
organization if not a U.S. national   Identification No.)
bank)    
     
101 North Phillips Avenue    
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (Zip code)

 

Wells Fargo & Company
Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

 

 

 

 GRANITE POINT MORTGAGE TRUST INC.

(Exact name of obligor as specified in its charter)

 

Maryland   61-1843143
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)
     
3 Bryant Park, Suite 2400A    
New York, New York
(Address of principal executive offices)		   10036
(Zip code)

 

 

Senior Debt Securities

 

(Title of indenture securities)

 

 

 

 

 

 

 

 

Item 1.General Information. Furnish the following information as to the trustee:

 

(a)Name and address of each examining or supervising authority to which it is subject.

 

Comptroller of the Currency

Treasury Department

Washington, D.C.

 

Federal Deposit Insurance Corporation

Washington, D.C.

 

Federal Reserve Bank of San Francisco

San Francisco, California 94120

 

(b)Whether it is authorized to exercise corporate trust powers.

 

The trustee is authorized to exercise corporate trust powers.

 

Item 2.Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None with respect to the trustee.

 

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

Item 15.Foreign Trustee.      Not applicable.

 

Item 16.List of Exhibits.        List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.A copy of the Articles of Association of the trustee as now in effect.*

 

Exhibit 2.A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated November 1, 2019.*

 

Exhibit 3.A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated November 1, 2019.*

 

Exhibit 4.Copy of By-laws of the trustee as now in effect.*

 

Exhibit 5.Not applicable.

 

Exhibit 6.The consent of the trustee required by Section 321(b) of the Act.

 

Exhibit 7.A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 

Exhibit 8.Not applicable.

 

Exhibit 9.Not applicable.

 

*            Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing S-3ASR dated December 20, 2019 of file number 333-235649.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Minneapolis and State of Minnesota on the 11th day of August, 2021.

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION
   
  /s/ Lynn M. Steiner
  Lynn M. Steiner
  Vice President

 

 

EXHIBIT 6

 

August 11, 2021

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

Gentlemen:

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

  Very truly yours,
   
  WELLS FARGO BANK, NATIONAL ASSOCIATION
   
   
  /s/ Lynn M. Steiner
  Lynn M. Steiner
  Vice President

 

 

Exhibit 7

 

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business March 31, 2021, filed in accordance with 12 U.S.C. §161 for National Banks.

 

     Dollar Amounts 
     In Millions 
ASSETS      
Cash and balances due from depository institutions:       
Noninterest-bearing balances and currency and coin    $27,624 
Interest-bearing balances     247,100 
Securities:       
Held-to-maturity securities     232,139 
Available-for-sale securities     193,559 
Equity Securities with readily determinable fair value not held for trading     11 
Federal funds sold and securities purchased under agreements to resell:       
Federal funds sold in domestic offices     52 
Securities purchased under agreements to resell     61,135 
Loans and lease financing receivables:       
Loans and leases held for sale     32,787 
Loans and leases, net of unearned income825,035     
LESS: Allowance for loan and lease losses16,694     
Loans and leases, net of unearned income and allowance     808,341 
Trading Assets     64,013 
Premises and fixed assets (including capitalized leases)     10,992 
Other real estate owned     158 
Investments in unconsolidated subsidiaries and associated companies     13,487 
Direct and indirect investments in real estate ventures     66 
Intangible assets    31,616  
Other assets     50,077 
        
Total assets    $1,773,157 
        
LIABILITIES       
Deposits:       
In domestic offices    $1,463,374 
Noninterest-bearing551,270     
Interest-bearing912,104     
In foreign offices, Edge and Agreement subsidiaries, and IBFs     28,333 
Noninterest-bearing332     
Interest-bearing28,001     
Federal funds purchased and securities sold under agreements to repurchase:       
Federal funds purchased in domestic offices     876 
Securities sold under agreements to repurchase     5,980 

 

 

    Dollar Amounts 
    In Millions 
Trading liabilities   15,235 
Other borrowed money     
(Includes mortgage indebtedness and obligations under capitalized leases)   44,034 
Subordinated notes and debentures   11,879 
Other liabilities   32,321 
      
Total liabilities  $1,602,032 
      
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock   519 
Surplus (exclude all surplus related to preferred stock)   114,820 
Retained earnings   54,661 
Accumulated other comprehensive income   1,094 
Other equity capital components   0 
      
Total bank equity capital   171,094 
Noncontrolling (minority) interests in consolidated subsidiaries   31 
      
Total equity capital   171,125 
      
Total liabilities, and equity capital  $1,773,157 

 

I, Michael P. Santomassimo, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

 

Michael P. Santomassimo

Sr. EVP & CFO

 

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

Directors

Maria R. Morris

Theodore F. Craver, Jr.

Juan A. Pujadas