Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 405

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 405
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,768 12.2 %283 87.7 %90.3 %93.1 %1,886 1,545Oklahoma521.3 %11,121 1.1 %214 92.3 %94.2 %94.1 %1,625 1,592Tennessee842.1 %27,073 2.7 %322 90.5 %91.7 %95.0 %2,021 1,490Texas91022.9 %237,652 23.8 %261 82.3 %83.4 %96.3 %1,945 1,750Other U.S.20.1 %502 0.1 %251 100.0 %100.0 %100.0 %1,860 1,567Total / Weighted Average3,974100.0 %$998,116 100.0 %$251 87.1 %89.2 %94.7 %$1,904 1,602

We primarily rely on the use of credit facilities, term loans and securitizations to finance purchases of SFR properties. See Note 18 to our consolidated financial statements for further information regarding financing of our SFR properties.

Our Investment Portfolio segment also includes the activity from several wholly-owned subsidiaries or minority investments in companies that perform various services in the mortgage and real estate sectors. This includes our strategic partnership with Darwin Homes, Inc. to run a property management platform, Adoor Property Management LLC (“APM”). All of our SFR properties are currently managed by APM.

Residential Transitional Lending

Through our wholly-owned subsidiary Genesis, we specialize in originating and managing a portfolio of primarily short-term business purpose mortgage loans to fund single-family and multi-family real estate developers with construction, renovation and bridge loans as set forth below. 

•Construction — Loans provided for ground-up construction, including mid-construction refinancing of ground-up construction and the acquisition of such properties.

•Renovation — Loans provided for acquisition or refinance of properties requiring renovation, excluding ground-up construction.

•Bridge — Loans provided for initial purchase, refinance of completed projects or rental properties.

We currently finance construction, renovation and bridge loans using a warehouse credit facility and revolving securitization structures.

Properties securing our loans are typically secured by a mortgage or a first deed