Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 146

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 146
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%Performing residential loan strategy2,630 610,203 525,267 74058%4.18%Re-performing residential loan strategy3,484 461,101 435,674 63654%5.17%Total11,853 $3,017,702 $2,876,066 

(1)For second mortgages (included in performing residential loan strategy), the Company calculates the combined loan-to-value ("LTV"). For business purpose bridge loans, the Company calculates LTV as the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan.

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Characteristics of Our Acquired Residential Loans:

Loan to Value at Purchase (1)June 30, 2025December 31, 202450% or less9.0 %9.0 %>50% - 60%9.7 %9.7 %>60% - 70%22.0 %21.7 %>70% - 80%39.8 %38.0 %>80% - 90%11.0 %12.7 %>90% - 100%4.7 %4.7 %>100%3.8 %4.2 %Total100.0 %100.0 %

(1)For second mortgages, the Company calculates the combined LTV. For business purpose bridge loans, the Company calculates LTV as the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan.

FICO Scores at PurchaseJune 30, 2025December 31, 2024550 or less5.5 %5.6 %551 to 6004.8 %4.8 %601 to 6505.4 %5.3 %651 to 70014.2 %14.6 %701 to 75028.6 %27.5 %751 to 80033.8 %34.5 %801 and over7.7 %7.7 %Total100.0 %100.0 %

Current CouponJune 30, 2025December 31, 20243.00% or less5.5 %5.4