Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 123

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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5 %68.2 %31 - 6013.7 %15.3 %61 - 906.0 %6.0 %90+10.8 %10.5 %Origination Year:2005 or earlier27.4 %27.5 %200614.5 %14.4 %200719.9 %19.8 %2008 or later38.2 %38.3 %Geographic state concentration (greater than 5.0%):   California11.8 %11.7 %   New York10.8 %10.8 %   Florida9.1 %9.1 %   New Jersey6.7 %6.8 %   Illinois6.3 %6.3 %

109

Residential Loans, Real Estate Owned and Single-Family Rental Property Financing

Repurchase Agreements

As of March 31, 2025, the Company had repurchase agreements with six third-party financial institutions to fund the purchase of residential loans, real estate owned and single-family rental properties. As of March 31, 2025, the Company's only repurchase agreement exposure where the amount of collateral at risk was in excess of 5% of the Company's stockholders’ equity was to Atlas SP at 5.82%. The amount at risk is defined as the fair value of assets pledged as collateral to the financing arrangement in excess of the financing arrangement liability.

The following table presents detailed information about these repurchase agreements and associated assets pledged as collateral at March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):

Maximum Aggregate Uncommitted Principal AmountOutstandingRepurchase Agreements (1)Net Deferred Finance Costs (2)Carrying Value of Repurchase AgreementsCarrying Value of Assets Pledged (3)Weighted Average RateWeighted Average Months to Maturity (4)March 31, 2025$2,775,000 $357,483 $(389)$357,094 $495,999 6.63 %6.64December 31, 2024$2,775,000 $496,410 $(796)$495,614 $659,183 6.70 %9.64

(1)Includes non-mark-to-market repurchase agreements with an aggregate outstanding balance of