Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 100

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 100
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 in a securitization transaction of a pool of small balance commercial mortgage loans consisting of mortgage loans secured by commercial properties pursuant to which we contributed to AOMT 2020-SBC1 commercial mortgage loans with a carrying value of approximately $31.2 million that we had accumulated and held on our balance sheet, and we received bonds from AOMT 2020-SBC1 with a fair value of approximately $8.9 million.

Certain information regarding the commercial mortgage loans underlying our portfolio of CMBS issued in the AOMT 2020-SBC1 securitization transaction is shown below as of March 31, 2025 and December 31, 2024:

March 31, 2025December 31, 2024($ in thousands)UPB of loans$99,447$101,686Number of loans125129Weighted average loan coupon8.4 %8.1 %Average loan amount$796$788Weighted average LTV at loan origination and deal date56.2 %56.2 %

The following table provides certain information with respect to the CMBS we received in connection with the AOMT 2020-SBC1 securitization transactions as of March 31, 2025 and December 31, 2024:

March 31, 2025December 31, 2024CMBSRepurchase DebtAllocated CapitalCMBSRepurchase DebtAllocated Capital(in thousands)Senior$— $— $— $— $— $— Mezzanine— — — — — — Subordinate2,666 — 2,666 2,540 — 2,540 Interest only / excess3,091 — 3,091 3,053 — 3,053 Total$5,757 $— $5,757 $5,593 $— $5,593 

Liquidity and Capital Resources

Overview

Liquidity is a measurement of our ability to meet potential cash requirements, including ongoing commitments to repay borrowings, fund our investments and operating costs, make distributions to our stockholders, and satisfy other general business needs. Our financing sources currently include payments of principal and interest we receive on our investment portfolio, unused borrowing capacity under our in‑place loan financing lines and repurchase facilities, securitizations of our whole loans, and our ATM Program (as