Company: MFAN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001055160-25-000013
Chunk: 123

Company: MFA FINANCIAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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1.9 million for the three months ended June 30, 2025 and 2024, respectively, and $4.6 million and $3.8 million for the six months ended June 30, 2025 and 2024, respectively, which is included in Other general and administrative expense on the Company’s consolidated statements of operations.At June 30, 2025, the contractual minimum rental payments (exclusive of possible rent escalation charges and normal recurring charges for maintenance, insurance and taxes) for the Company’s lease commitments were as follows:  Year Ending December 31, Minimum Rental Payments(In Thousands) 2025 (1)$3,415 20266,946 20277,267 20287,083 20297,065 Thereafter45,291 Total$77,066 Present Value Discount(24,885)Total Lease Liability (Note 7)$52,181 (1) Reflects contractual minimum rental payments due for the period from July 01, 2025 through December 31, 2025.(b) Representations and Warranties in Connection with Loan Securitization and Other Loan Sale TransactionsIn connection with the loan securitization and sale transactions entered into by the Company, the Company has the obligation under certain circumstances to repurchase assets previously transferred to securitization vehicles, or otherwise sold, upon breach of certain representations and warranties.  As of June 30, 2025, the Company was not aware of any material unsettled repurchase claims that would require a reserve (see Note 14).

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2025

(c) Loan Commitments At June 30, 2025, the Company had unfunded commitments in connection with its Single-family and Multifamily transitional loans of $240.7 million and $39.6 million, respectively (see Note 3). These commitments are subject to certain conditions that the respective borrowers must meet before funding is required. In addition, from time to time, Lima One makes short-term commitments to originate mortgage loans; such commitments were not significant at June 30, 2025.(d) GuaranteeIn connection with one of its investments in a loan origination partner, as of June 30, 2025, the Company has guaranteed up to $51 million of