Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 264

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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. The average loan-to-value for this CRE portfolio was 57.9%. 

59

The table below presents detail of the loans considered non-owner occupied CRE that are not carried at fair value:

March 31, 2025December 31, 2024HFI at amortized cost, net of deferred fees and costsHFS at LCMTotalLTV by CRE typeHFI at amortized cost, net of deferred fees and costsHFS at LCMTotalLTV by CRE typeLoans not backed by NOO CRE$480,540 $— $480,540 $429,820 $— $429,820 Loans backed by NOO CRE230,626 35,849 266,475 191,831 58,803 250,634 Total loans$711,166 $35,849 $747,015 $621,651 $58,803 $680,454 Loans backed by NOO CRE by type:Retail$65,314 $— $65,314 51.4 %$45,594 $— $45,594 51.4 %1-4 Family23,395 — 23,395 56.1 %25,139 — 25,139 56.1 %Multifamily48,780 — 48,780 52.6 %35,713 — 35,713 52.6 %Industrial27,802 — 27,802 50.1 %27,866 — 27,866 50.1 %Office28,524 — 28,524 47.7 %21,586 — 21,586 47.7 %Construction and land development14,646 29,369 34,015 65.1 %22,775 44,986 67,761 65.1 %Hotel14,644 6,480 21,124 66.2 %— 13,817 13,817 66.2 %Other17,521 — 17,521 61.5 %13,158 — 13,158 61.5 %Total NOO CRE$230,626 $35,849 $266,475 57.9 %$191,831 $58,803 $