# EDGAR Filing Document

**Accession Number:** 0001703644
**File Stem:** 0001104659-25-057850
**Filing Date:** 2025-6
**Character Count:** 34792
**Document Hash:** 69325d1325afd8c79bb08dd241f1ac44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-057850.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0001104659-25-057850

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**EFFECTIVENESS DATE**: 20250609

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Granite Point Mortgage Trust Inc.
- **CENTRAL INDEX KEY:** 0001703644
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287881
- **FILM NUMBER:** 251034486

**BUSINESS ADDRESS:**
- **STREET 1:** 3 BRYANT PARK
- **STREET 2:** SUITE 2400A
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** (212) 364-5500

**MAIL ADDRESS:**
- **STREET 1:** 3 BRYANT PARK
- **STREET 2:** SUITE 2400A
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**As filed with the Securities and Exchange Commission on June 9, 2025** 

**Registration No. 333-**

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, D.C. 20549**

**FORM S-8**<br> **REGISTRATION STATEMENT<br> UNDER<br> THE SECURITIES ACT OF 1933**

**GRANITE POINT MORTGAGE TRUST INC.**<br> (Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Maryland** | **61-1843143** |
| (State or other jurisdiction of<br> incorporation or organization) | (IRS Employer<br> Identification No.) |

---

**3 Bryant Park, Suite 2400A<br> New York, New York 10036**<br> (Address of Principal Executive Offices) (Zip Code)

**Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan**<br> (Full title of the plan)

**Michael J. Karber, Esq.<br> General Counsel and Secretary<br> Granite Point Mortgage Trust Inc.<br> 3 Bryant Park, Suite 2400A<br> New York, NY 10036**<br> (Name and address of agent for service)

**(212) 364-5500**<br> (Telephone number, including area code, of agent for service)

**Copies to:<br> Michael A. Wiseman, Esq.<br> Skadden, Arps, Slate, Meagher & Flom LLP<br> One Manhattan West<br> New York, New York 10001<br> (212) 735-3000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ◻ Accelerated filer ⌧ <br> Non-accelerated filer ◻ (Do not check if a smaller reporting company) Smaller reporting company ◻ <br> Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ◻

**Part I<br> INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS**

**Item 1.** **Plan Information\***

**Item 2.** **Registrant Information and Employee Plan Annual Information\***

\*Information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"), and the Note to Part I of Form S-8 with respect to all plans listed on the cover hereof.

**Part II**<br> **INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference**

Granite Point Mortgage Trust Inc. (the "Registrant") hereby incorporates by reference into this Registration Statement the following documents previously filed with the Securities and Exchange Commission (the "Commission"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's [Annual Report on Form 10-K (File No. 001-38124) for the fiscal year ended December 31, 2024 filed with the Commission on February 27, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1703644/000170364425000037/gpmt-20241231.htm), which contains the Registrant's audited financial statements for the latest fiscal year for which such statements have been filed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Registrant's [Quarterly Report on Form 10-Q (File No. 001-38124) for the quarter ended March 31, 2025, filed with the Commission on May 6, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1703644/000170364425000077/gpmt-20250331.htm);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") since the end of the fiscal year ended December 31, 2021 (other than Current Reports on Form 8-K furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K, including any exhibits included with such information); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The description of the Registrant's common stock contained in the Company's Registration Statement on [Form 8-A (File No. 001-38124) filed with the Commission on June 20, 2017](https://www.sec.gov/Archives/edgar/data/1703644/000110465917040468/a17-14902_18a12b.htm), pursuant to Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.

All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents.

Any statement contained in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in a subsequently filed document which is also incorporated by reference herein modifies or supersedes such statement.

**Item 4.** **Description of Securities**

Not applicable.

**Item 5.** **Interests of Named Experts and Counsel**

Not applicable.

**Item 6.** **Indemnification of Directors and Officers**

Maryland law permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders for money damages except for liability resulting from actual receipt of an improper benefit or profit in money, property or services or active and deliberate dishonesty established by a final judgment as being material to the cause of action. The Registrant's charter contains such a provision that eliminates such liability to the maximum extent permitted by Maryland law.

The Registrant's charter provides that it has the power and the Registrant's bylaws obligate the Registrant, to the fullest extent permitted by Maryland law, to indemnify, and to pay or reimburse reasonable costs, fees and expenses (including attorneys' fees, costs and expenses) in advance of final disposition of a proceeding and without requiring a preliminary determination of ultimate entitlement to indemnification, to any present or former director or officer of the company or any individual who, while a director or officer of the Registrant and at the Registrant's request, serves or has served another corporation, real estate investment trust, partnership, joint venture, trust, limited liability company, employee benefit plan or any other enterprise as a director, officer, partner, trustee, member or manager of such corporation, real estate investment trust, partnership, joint venture, trust, limited liability company, employee benefit plan or other enterprise, and who was or is made or threatened to be made a party to any action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of his or her service in that capacity. The Registrant's charter and bylaws also permit it to indemnify and advance expenses to any person who served a predecessor of the Registrant in any of the capacities described above and to any personnel or agent of the Registrant or a predecessor of the Registrant.

The Maryland General Corporation Law ("MGCL") requires a corporation (unless the corporation's charter provides otherwise, which the Registrant's charter does not) to indemnify a director or officer who has been successful, on the merits or otherwise, in the defense of any proceeding to which he is made or threatened to be made a party by reason of his service in that capacity. The MGCL permits the Registrant to indemnify its present and former directors and officers, among others, against judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to which they may be made or threatened to be made a party by reason of their service in those or other capacities unless it is established that (i) the act or omission of the director or officer was material to the matter giving rise to the proceeding and (A) was committed in bad faith or (B) was the result of active and deliberate dishonesty; (ii) the director or officer actually received an improper personal benefit in money, property or services or (iii) in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or omission was unlawful. Under the MGCL, a Maryland corporation may not indemnify a director or officer in a suit by or in the right of the corporation in which the director or officer was adjudged liable on the basis that personal benefit was improperly received. A court may order indemnification if it determines that the director or officer is fairly and reasonably entitled to indemnification, even though the director or officer did not meet the prescribed standard of conduct or was adjudged liable on the basis that personal benefit was improperly received. However, indemnification for an adverse judgment in a suit by the Registrant or in the Registrant's right, or for a judgment of liability on the basis that personal benefit was improperly received, is limited to expenses. In addition, the MGCL permits the Registrant to advance reasonable expenses to a director or officer upon the Registrant's receipt of (i) a written affirmation by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by the Registrant and (ii) a written undertaking by the director or officer or on the director's or officer's behalf to repay the amount paid or reimbursed by the Registrant if it is ultimately determined that the director or officer did not meet the standard of conduct.

The Registrant has entered into indemnification agreements with each of its directors and executive officers that provide for indemnification to the maximum extent permitted by Maryland law.

Insofar as the foregoing provisions permit indemnification of directors, officers or persons controlling the Registrant for liability arising under the Securities Act, the Registrant has been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 7.** **Exemption From Registration Claimed**

Not applicable.

**Item 8.** **Exhibits**

See Index to Exhibits at the end of this Registration Statement, which are incorporated by reference into this Registration Statement.

**Item 9.** **Undertakings**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in New York, New York, as of June 9, 2025.

---

| | |
|:---|:---|
| **GRANITE POINT MORTGAGE TRUST INC.** | **GRANITE POINT MORTGAGE TRUST INC.** |
| By: | /s/ John A. Taylor |
|  | John A. Taylor |
|  | *President, Chief Executive Officer and Director* |

---

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints John A. Taylor and Blake N. Johnson, acting singly, such person's true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for such person and in such person's, place and stead, in any and all capacities to sign any and all amendments including post-effective amendments to this Registration Statement, and any additional related registration statement filed pursuant to Rule 462 under the Securities Act of 1933 (including post-effective amendments to this Registration Statement and any such related registration statements), and to file the same, with all exhibits thereto, and any other documents in connection therewith, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ John A. Taylor<br>John A. Taylor | President, Chief Executive Officer and <br> Director (principal executive officer) | June 9, 2025 |
| /s/ Blake N. Johnson<br>Blake N. Johnson | Chief Financial Officer (principal <br> accounting and financial officer) | June 9, 2025 |
| /s/ Stephen G. Kasnet<br>Stephen G. Kasnet | Chairman of the Board of Directors | June 9, 2025 |
| /s/ Tanuja M. Dehne<br>Tanuja M. Dehne | Director | June 9, 2025 |
| /s/ Patrick G. Halter<br>Patrick G. Halter | Director | June 9, 2025 |
| /s/ Sheila K. McGrath<br>Sheila K. McGrath | Director | June 9, 2025 |
| /s/ Lazar Nikolic<br>Lazar Nikolic | Director | June 9, 2025 |
| /s/ Hope B. Woodhouse<br>Hope B. Woodhouse | Director | June 9, 2025 |

---

**<u>EXHIBIT INDEX</u>**

The following documents are filed as exhibits to this Registration Statement.

---

| | |
|:---|:---|
| **Exhibit <br> No.** | **Description of Exhibit** |
| [3.1](https://www.sec.gov/Archives/edgar/data/1703644/000104746917004135/a2232470zex-3_1.htm) | [Articles of Amendment and Restatement of Granite Point Mortgage Trust Inc. (incorporated by reference to Exhibit 3.1 of Amendment No. 3 to the Registrant's Registration Statement on Form S-11 (File No. 333-218197) filed with the Commission on June 20, 2017).](https://www.sec.gov/Archives/edgar/data/1703644/000104746917004135/a2232470zex-3_1.htm) |
| [3.2](https://www.sec.gov/Archives/edgar/data/1703644/000104746917004007/a2232286zex-3_2.htm) | [Amended and Restated Bylaws of Granite Point Mortgage Trust Inc. (incorporated by reference to Exhibit 3.2 of Amendment No. 1 to the Registrant's Registration Statement on Form S-11 (File No. 333-218197) filed with the Commission on June 15, 2017).](https://www.sec.gov/Archives/edgar/data/1703644/000104746917004007/a2232286zex-3_2.htm) |
| [4.1](https://www.sec.gov/Archives/edgar/data/1703644/000104746917004007/a2232286zex-4_1.htm) | [Specimen Common Stock Certificate of Granite Point Mortgage Trust Inc. (incorporated by reference to Exhibit 4.1 of Amendment No. 1 to the Registrant's Registration Statement on Form S-11 (File No. 333-218197) filed with the Commission on June 15, 2017).](https://www.sec.gov/Archives/edgar/data/1703644/000104746917004007/a2232286zex-4_1.htm) |
| [5.1\*](tm2517441d1_ex5-1.htm) | [Opinion of Ballard Spahr LLP.](tm2517441d1_ex5-1.htm) |
| [10.1](https://www.sec.gov/Archives/edgar/data/1703644/000110465925036842/tm252316-3_def14a.htm#tABTO) | [Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan (incorporated herein by reference to Appendix B of the Registrant's Annual Proxy Statement on Form 14A (File No. 001-38124) filed with the Commission on April 21, 2025).](https://www.sec.gov/Archives/edgar/data/1703644/000110465925036842/tm252316-3_def14a.htm#tABTO) |
| [23.1\*](tm2517441d1_ex23-1.htm) | [Consent of EY.](tm2517441d1_ex23-1.htm) |
| [23.2\*](tm2517441d1_ex5-1.htm) | [Consent of Ballard Spahr LLP (included in Exhibit 5.1).](tm2517441d1_ex5-1.htm) |
| [24.1\*](#a_001) | [Power of Attorney (included in the signature page to this Registration Statement).](#a_001) |
| [107\*](tm2517441d1_ex-filingfees.htm) | [Filing Fee Table.](tm2517441d1_ex-filingfees.htm) |

---

\* Filed herewith.

## Exhibit 5.1

**Exhibit 5.1**

---

| |
|:---|
| ![](tm2517441d1_ex5-1img001.jpg) |
| ![](tm2517441d1_ex5-1img002.jpg) |

---

June 9, 2025

Granite Point Mortgage Trust Inc.

3 Bryant Park<br> Suite 2400A<br> New York, NY 10036

---

| | |
|:---|:---|
| Re: | Granite Point Mortgage Trust Inc., a Maryland corporation (the "Company") – Registration Statement on Form S-8 to be filed on or about the date hereof relating to an additional 10,000,000 shares (the "Shares") of common stock, par value $0.01 per share ("Common Stock"), of the Company to be issued subsequent to the date hereof under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan (the "Plan") |

---

Ladies and Gentlemen:

We have acted as Maryland corporate counsel to the Company in connection with the registration of the Shares under the Securities Act of 1933, as amended (the "Act"), by the Company pursuant to the Registration Statement on Form S-8 to be filed by the Company with the Securities and Exchange Commission (the "Commission") on or about the date hereof (the "Registration Statement"). You have requested our opinion with respect to the matters set forth below.

In our capacity as Maryland corporate counsel to the Company and for purposes of this opinion, we have examined the following documents (hereinafter collectively referred to as the "Documents"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the corporate charter of the Company (the "Charter") represented by Articles of Amendment
and Restatement filed with the State Department of Assessments and Taxation of Maryland (the "Department") on June 19,
2017, Articles Supplementary filed with the Department on June 19, 2017, Articles Supplementary filed with the Department on November 29,
2021 and Articles Supplementary filed with the Department on January 20, 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Amended and Restated Bylaws of the Company, adopted on or as of June 14, 2017 (the "Bylaws");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) resolutions adopted by the Board of Directors of the Company on or as of March 13, 2025 (the "Directors'
Resolutions");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Registration Statement, in substantially the form to be filed with the Commission pursuant to the
Act;

**BALLARD SPAHR LLP** 

Granite Point Mortgage Trust Inc.

June 9, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a status certificate of the Department, dated as of a recent date, to the effect that the Company is duly
incorporated and existing under the laws of the State of Maryland;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) a certificate signed by one or more officers of the Company, dated as of a recent date (the "Officers'
Certificate"), to the effect that, among other things, the Charter, the Bylaws and the Directors' Resolutions are true, correct
and complete and have not been rescinded or modified and are in full force and effect on the date of the Officers' Certificate,
and certifying as to, among other things, the manner of adoption or approval of the Directors' Resolutions, and the approval of
the Plan by the stockholders of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) such other documents and matters as we have deemed necessary and appropriate to render the opinions set
forth in this letter, subject to the limitations, assumptions, and qualifications noted below.

In reaching the opinions set forth below, we have assumed the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each person executing any of the Documents on behalf of any party (other than the Company) is duly authorized
to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each natural person executing any of the Documents is legally competent to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all Documents submitted to us as originals are authentic; the form and content of any Documents submitted
to us as unexecuted drafts do not, and will not, differ in any respect relevant to this opinion from the form and content of such documents
as executed and delivered; all Documents submitted to us as certified, facsimile or photostatic copies conform to the original document;
all signatures of parties on all of the Documents are genuine; all public records reviewed or relied upon by us or on our behalf are accurate
and complete; all statements and information contained in the Documents are true and complete; and there has been no modification of,
or amendment to, any of the Documents, and there has been no waiver of any provision of any of the Documents by action or omission of
the parties or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all certificates (including the Officers' Certificate) submitted to us are true and correct, both
when made and as of the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) none of the Shares will be issued and sold to an Interested Stockholder of the Company or an Affiliate
thereof, all as defined in Subtitle 6 of Title 3 of the Maryland General Corporation Law (the "MGCL") in violation of Section 3-602
of the MGCL;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) none of the Shares will be issued or transferred in violation of the provisions of the Charter relating
to restrictions on ownership and transfer of capital stock; and

**BALLARD SPAHR LLP**

Granite Point Mortgage Trust Inc.

June 9, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) upon each issuance of any of the Shares subsequent to the date hereof, the total number of shares of Common
Stock of the Company issued and outstanding, after giving effect to such issuance of such Shares, will not exceed the total number of
shares of Common Stock that the Company is authorized to issue under the Charter.

Based on our review of the foregoing and subject to the assumptions and qualifications set forth herein, it is our opinion that, as of the date of this letter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Company has been duly incorporated and is validly existing as a corporation in good standing under
the laws of the State of Maryland.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Shares have been generally authorized for issuance pursuant to the Plan and if, as and when the Shares
are issued subsequent to the date hereof either as awards of restricted stock or upon the exercise of options, or in respect of stock
appreciation rights or other equity-based awards, in each case pursuant to due authorization by the Board of Directors or a properly appointed
committee thereof to which the Board of Directors has delegated the requisite power and authority, in exchange for the consideration therefor,
all in accordance with, and subject to, the terms and conditions of the Plan and the awards of restricted stock, options, stock appreciation
rights or other equity-based awards relating to such Shares, such Shares will be duly authorized, validly issued, fully paid and non-assessable.

The opinions presented herein are limited to the laws of the State of Maryland and we do not express any opinion herein concerning any laws other than the laws of the State of Maryland. We express no opinion as to the applicability or effect of any federal or state securities laws, including the securities laws of the State of Maryland, or as to federal or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter.

This opinion letter is issued as of the date hereof and is necessarily limited to laws now in effect and facts and circumstances presently existing and brought to our attention. We assume no obligation to supplement this opinion letter if any applicable laws change after the date hereof, or if we become aware of any facts or circumstances that now exist or that occur or arise in the future and may change the opinions expressed herein after the date hereof.

We consent to your filing this opinion as an exhibit to the Registration Statement and further consent to the filing of this opinion as an exhibit to the applications to securities commissioners for the various states of the United States for registration of the Shares. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Act.

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| |
|:---|
| Very truly yours, |
| /s/ Ballard Spahr LLP |

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## Exhibit 23.1

**Exhibit 23.1**

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan of our reports dated February 27, 2025, with respect to the consolidated financial statements of Granite Point Mortgage Trust Inc. and the effectiveness of internal control over financial reporting of Granite Point Mortgage Trust included in its Annual Report (Form 10-K) for the year ended December 31, 2024, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Minneapolis, MN

June 9, 2025

## Ex-Filing

**Exhibit 107**

**Calculation of Filing Fee Table**

**Form S-8** 

(Form Type)

**Granite Point Mortgage Trust Inc.** 

(Exact Name of Registrant as Specified in its Charter)

**Table 1: Newly Registered Securities**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Security<br> Type | Title of<br> Securities<br> to be<br> Registered | Fee<br> Calculation<br> Rule | Proposed<br> Maximum<br> Aggregate<br> Offering<br> Price | Fee<br> Rate | Amount of<br> Registration<br> Fee |
| &nbsp;&nbsp;&nbsp;Equity | Common Stock, $0.01 <br> par value per share | 457(c) and 457(h)10000000<sup>(1)</sup>$2.57<sup>(2)</sup> | $25700000<sup>(2)</sup> | 0.0001531 | $3934.67<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts | $25700000 |  | $3934.67 |
| &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets |  |  | N/A |
| &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due |  |  | $3934.67 |

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(1) Represents the maximum number of shares of the Registrant's common stock issuable under the Amended and Restated Granite Point Mortgage Trust Inc. 2022 Omnibus Incentive Plan (the "Plan"). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of the Registrant's common stock that become issuable under the Plan by reason of any stock dividend, stock splits, reverse stock splits, recapitalizations, reclassifications, mergers, split-ups, reorganizations, consolidations or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of the Registrant's common stock.

(2) For the purpose of computing
the registration fee, the Registrant has used $2.57 as the average of the high and low prices of the Registrant's common stock
as reported on June 5, 2025 on the New York Stock Exchange for the offering price per share, in accordance with Rule 457(c) and
(h) under the Securities Act. The actual offering price will be determined in accordance with the terms of the Plan.