Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 292

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 292
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20242023Days Past DueUPBCarrying Value(A)Carrying Value Over (Under) UPBUPBCarrying Value(A)Carrying Value Over (Under) UPBSpringCastle:Current$203,923 $214,746 $10,823 $255,441 $280,577 $25,136 90+4,383 4,562 179 4,661 5,055 394 Total SpringCastle208,306 219,308 11,002 260,102 285,632 25,530 Marcus:Current$438,712 $438,712 — $1,014,404 $956,076 $(58,328)90+120,605 7,545 (113,060)34,268 32,297 (1,971)Total Marcus559,317 446,257 (113,060)1,048,672 988,373 (60,299)$767,623 $665,565 $(102,058)$1,308,774 $1,274,005 $(34,769)(A)Consumer loans are carried at fair value. See Note 19 regarding fair value measurements.The following table summarizes the activity for consumer loans for the period:Balance at December 31, 2022$363,756 Purchases1,317,347 Additional fundings(A)27,510 Proceeds from repayments(446,124)Accretion of loan discount and premium amortization, net37,717 Fair Value Adjustments Due To:Changes in instrument-specific credit risk957 Other factors(27,158)Balance at December 31, 20231,274,005 Additional fundings(A)24,091 Proceeds from repayments(560,518)Accretion of loan discount and premium amortization, net27,914 Fair Value Adjustments Due To:Changes in instrument-specific credit risk(51,977)Other factors(47,950)Balance at December 31, 2024$665,565 (A)Represents draws on consumer loans with revolving privileges.

9. SINGLE-FAMILY RENTAL PROPERTIES

Rithm Capital invests in its SFR portfolio by acquiring and maintaining a geographically diversified portfolio of high-quality single-family homes and leasing them to high-quality residents. SFR properties HFI are carried at cost less accumulated depreciation