Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 267

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 267
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4.01% - 5.00%12.0 %14.2 %5.01% - 6.00%5.0 %5.9 %6.01% - 7.00%10.3 %7.6 %7.01% - 8.00%20.2 %11.5 %8.01% and over37.9 %43.8 %Total100.0 %100.0 %

Delinquency StatusSeptember 30, 2025December 31, 2024Current94.7 %91.2 %31 – 60 days0.9 %1.6 %61 – 90 days0.6 %1.1 %90+ days3.8 %6.1 %Total100.0 %100.0 %

130

Origination YearSeptember 30, 2025December 31, 20242007 or earlier10.2 %13.8 %2008 - 20197.0 %8.3 %2020 - 202221.6 %27.1 %20234.1 %8.2 %202428.4 %42.6 %202528.7 %— Total100.0 %100.0 %

On July 15, 2025, the Company acquired the outstanding membership interests in Constructive that were not previously owned by the Company (see Note 24). Prior to July 15, 2025, the Company purchased approximately $70.9 million and $299.6 million of residential loans from Constructive during the three and nine months ended September 30, 2025, respectively, and approximately $30.2 million and $137.6 million of residential loans from Constructive during the three and nine months ended September 30, 2024, respectively. The Company sold approximately $18.7 million of residential loans to Constructive prior to July 15, 2025, recognizing a realized gain of approximately $0.2 million for the  nine months ended September 30, 2025.

Consolidated SLST

The Company owns first loss subordinated securities and certain IOs issued by Freddie Mac-sponsored residential loan securitizations. In accordance with GAAP, the Company has consolidated the underlying seasoned re-performing