Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 76

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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curitization trusts (1)$2,663,801Discounted cash flowLifetime CPR9.3%—-45.5%Lifetime CDR0.6%—-22.7%Loss severity13.7%—-100.0%Yield7.1%4.3%-48.3%$162,843Liquidation modelAnnual home price appreciation/(depreciation)0.4%—-6.1%Liquidation timeline (months)17—-50Property value$1,852,687$6,000-$12,750,000Yield7.5%6.2%-15.2%Consolidated SLST (4)$1,199,383Liability priceN/ATotal$4,026,027Multi-family loans (1) (2)$74,999Discounted cash flowDiscount rate12.2%11.0%-13.5%Months to assumed redemption262-46Loss severity—Equity investments (1) (3)$54,324Discounted cash flowDiscount rate16.0%15.0%-17.5%Months to assumed redemption162-45Loss severity—Mortgage servicing rights (1)$19,449Discounted cash flowLifetime voluntary prepayment rate10.2%0.4%-27.4%Lifetime CDR2.2%0.2%-42.6%Yield12.3%12.0%-14.0%LiabilitiesConsolidated SLST CDOs (4) (5)$1,031,897Discounted cash flowYield5.3%4.4%-12.8%Collateral prepayment rate6.1%2.7%-7.3%Collateral default rate1.0%—%-7.6%Loss severity15.0%0.2%-89.1%(1)Weighted average amounts are calculated based on the weighted average fair value of the assets.(2)As of June 30, 2025, the Company has reduced the fair value of one multi-family loan to zero as a result of developments with respect to the property, its financing and market conditions. Unobservable inputs do not include inputs related to this multi-family loan.

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(3)Equity investments do not include equity ownership interests in an entity that originates residential loans and equity investments in disposal group held for sale. The fair value of equity ownership interests in an entity that originates residential loans is determined using weighted multiples