Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 74

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 transfer of residential loans to real estate owned assets.(2)During the six months ended June 30, 2025, the Company transferred, on a net basis, certain residential loans into residential loan securitizations (see Note 7 for further discussion of the Company's residential loan securitizations).(3)During the six months ended June 30, 2025, the Company purchased a first loss subordinated security issued from a securitization that it determined to consolidate as Consolidated SLST. As a result, the Company consolidated assets of the securitization (see Note 7).

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For the Six Months Ended June 30, 2024Residential loansResidential loansConsolidated SLSTResidential loans held in securitization trustsMulti-family loansEquity investmentsTotalBalance at beginning of period$827,535 $754,860 $1,501,908 $95,792 $147,116 $3,327,211 Total gains/(losses) (realized/unrealized)Included in earnings1,157 (2,689)(5,238)517 4,071 (2,182)Transfers out (1)(41,001)— (3,770)— — (44,771)Transfer to securitization trust, net (2)(633,283)— 633,283 — — — Paydowns/Distributions(146,456)(32,284)(330,373)(3,312)(8,272)(520,697)Sales(25,210)— (6,708)— — (31,918)Acquisitions (3)684,476 285,057 41,927 — — 1,011,460 Balance at the end of period$667,218 $1,004,944 $1,831,029 $92,997 $142,915 $3,739,103 (1)Transfers out of Level 3 assets represents the transfer of residential loans to real estate owned, single-family rental properties and other assets. (2)During the six months ended June 30, 2024, the Company transferred, on a net basis, certain residential loans into residential loan securitizations (see Note 7 for further discussion of the Company's residential loan securitizations).(3)During the six months ended June 30,