Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 139

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 139
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 thousands)Level in Fair Value HierarchyCarrying AmountFair ValueEquity method investments (1)3$68,960 $68,960 Secured financing agreements24,567,321 4,594,386 Securitized debt, collateralized by Non-Agency RMBS367,558 45,199 Long term debt2251,017 261,633 

34

 (1) Included in other assets on the Consolidated Statements of Financial ConditionDecember 31, 2024 (dollars in thousands)Level in Fair Value HierarchyCarrying AmountFair ValueEquity method investments (1)3$63,947 $63,947 Secured financing agreements22,504,915 2,534,652 Securitized debt, collateralized by Non-Agency RMBS371,247 49,022 Long term debt2134,646 140,563    (1) Included in other assets on the Consolidated Statements of Financial Condition

6. Secured Financing Agreements

Secured financing agreements include short term repurchase agreements with original maturity dates of less than one-year, long-term financing agreements with original maturity dates of more than one year and loan warehouse credit facilities collateralized by loans acquired by the Company. At September 30, 2025 and December 31, 2024, the repurchase agreements are collateralized by Agency and Non-Agency mortgage-backed securities with interest rates generally indexed to the Secured Overnight Financing Rate (“SOFR”). The maturity dates on the repurchase agreements are all less than one year and generally are less than 180 days. The collateral pledged as security on the repurchase agreements may include the Company’s investments in bonds issued by consolidated VIEs, which are eliminated in consolidation.The long-term financing agreements include secured financing arrangements with an original term of one year or greater which is secured by Non-Agency RMBS pledged as collateral. These long-term secured financing agreements have maturity dates of July 2026 and February 2027. The collateral pledged as security on the long-term financing agreements may include the Company’s investments in bonds issued by consolidated VIEs, which are eliminated in consolidation. The warehouse credit facilities collateralized by loans are repurchase agreements intended to finance loans until they can be sold into a longer-term securitization structure. The maturity dates on the warehouse credit facilities range from three months to one year with interest rates indexed to SOFR.The secured financing agreements generally require the Company to post collateral at