Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 295

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 295
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 loans, at fair value and residential transition loans held by consolidated CFEs by loan type:Residential Transition Loans - Carrying Value(A)Residential Transition Loans of Consolidated CFEs - Carrying Value(A)Total Carrying Value% of PortfolioLoanCount% of PortfolioWeighted Average YieldWeighted Average Original Life (Months)Weighted Average Committed Loan Balance to Value(B)December 31, 2024Construction$935,142 $492,071 $1,427,213 45.4 %490 31.9 %11.4 %20.072.7% / 62.2%Bridge972,443 363,946 1,336,389 42.6 %600 39.1 %10.0 %23.966.6%Renovation270,490 106,175 376,665 12.0 %445 29.0 %10.5 %12.882.8% / 68.2%$2,178,075 $962,192 $3,140,267 100.0 %1,535 100.0 %10.7 %20.4N/ADecember 31, 2023Construction$787,740 $146,391 $934,131 41.8 %371 27.0 %10.5 %16.274.0% / 63.0%Bridge841,040 168,627 1,009,667 45.3 %652 47.6 %9.6 %26.568.9%Renovation250,539 38,576 289,115 12.9 %349 25.4 %10.0 %13.580.5% / 68.6%$1,879,319 $353,594 $2,232,913 100.0 %1,372 100.0 %10.1 %20.4N/A(A)Residential transition loans are carried at fair value under the FVO election. Residential transition loans held by consolidated CFEs are classified as Level 3 and valued based on the more observable financial liabilities of consolidated CFEs. See Note 19 regarding fair value measurements.(B)Weighted by commitment loan-to-value (“LTV”) for bridge loans, loan-to-cost