Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 384

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 384
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ans originated(A)$2,140,592 Loans repaid$763,515 Number of loans originated777UPB$2,492,943 Total commitment$3,761,167 Average total commitment$4,279 Weighted average contractual interest(B)9.7 %

(A)Based on commitment.

(B)Excludes loan fees and based on commitment at funding.

The following table summarizes the loan purpose of our portfolio of loans included in the Residential Transitional Lending segment, at fair value on the consolidated balance sheets as of June 30, 2025 (dollars in thousands):

Number of Loans% of LoansTotal Commitment% of Total CommitmentWeighted Average Committed Loan Balance to Value(A)Construction33134.1 %$2,240,894 59.6 %71.1% / 60.8%Bridge35536.5 %1,170,526 31.1 %64.7%Renovation28629.4 %349,747 9.3 %82.5% / 67.8%Total972100.0 %$3,761,167 100.0 %N/A

(A)Weighted by commitment LTV for bridge loans and LTC and LTARV for construction and renovation loans.

See Note 10 to our consolidated financial statements for additional information, including a summary of activity related to residential transition loans from December 31, 2024 to June 30, 2025.

102

Asset Management

Our Asset Management business primarily operates through our wholly-owned subsidiaries, Sculptor, RCM Manager and RCA. Sculptor is a leading global alternative asset manager and a specialist in opportunistic investing. Sculptor provides asset management services and investment products across credit, real estate and multi-strategy platforms with approximately $36 billion in AUM as of June 30, 2025. Sculptor serves its global client base through our commingled funds, separate accounts and other alternative investment vehicles. RCM Manager externally manages Rithm Property Trust and may in the future manage additional entities, and RCA was formed to serve as an investment advisor for funds and managed accounts.

AUM refers to the assets for which we provide investment management, advisory or certain other investment-related services. This is generally equal to the sum of (i) net asset value of the open-ended funds or gross asset value of real estate funds, (ii) uncalled capital commitments and (iii) par value