Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 162

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 162
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 VIE$17,592 $16,967 

128

Mezzanine Lending Characteristics:

The following tables present characteristics of our Mezzanine Lending portfolio summarized by geographic concentrations of credit risk exceeding 5% of our total investment amount as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):

June 30, 2025StateCountInvestment Amount% TotalWeighted Average CouponWeighted Average LTV (1)Weighted Average DSCR (2)Texas6$51,039 32.8 %12.43 %84 %1.19xFlorida233,822 21.8 %13.39 %88 %0.92x(3)Arizona115,031 9.7 %14.00 %80 %0.93x(4)South Dakota111,010 7.1 %15.00 %85 %1.45xSouth Carolina19,966 6.4 %13.00 %76 %1.17xArkansas19,525 6.1 %13.50 %83 %1.23xLouisiana18,086 5.2 %10.00 %87 %1.60xOther417,017 10.9 %11.51 %83 %1.47xTotal17$155,496 100.0 %12.84 %84 %1.25x

December 31, 2024StateCountInvestment Amount% TotalWeighted Average CouponWeighted Average LTV (1)Weighted Average DSCR (2)Florida3$54,115 29.0 %13.12 %83 %0.89x(5)Texas649,619 26.6 %12.39 %84 %1.08xArizona115,201 8.2 %14.00 %80 %1.84xTennessee113,045 7.0 %14.00 %86 %0.51x(6)South Dakota110,583 5.7 %15.00 %85 %1.80xSouth Carolina19,645 5.2 %13.00 %75 %1.47xOther634,301 18.3 %11