Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 173

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 173
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.1 %3.01% – 4.00%36.1 %35.4 %4.01% – 5.00%38.9 %40.6 %5.01% – 6.00%10.8 %11.2 %6.01% and over7.5 %7.7 %Delinquency Status:Current68.5 %68.2 %31 - 6015.1 %15.3 %61 - 905.9 %6.0 %90+10.5 %10.5 %Origination Year:2005 or earlier24.0 %27.5 %200612.5 %14.4 %200718.5 %19.8 %2008 or later45.0 %38.3 %Geographic state concentration (greater than 5.0%):   California11.2 %11.7 %   New York10.7 %10.8 %   Florida8.7 %9.1 %   Illinois7.4 %6.3 %   New Jersey6.2 %6.8 %

132

Originated Residential Loans Held for Sale

Residential loans held for sale, at fair value, consist of business purpose loans originated by Constructive and held for sale to secondary market investors as of September 30, 2025.

The following table details the loan characteristics of our residential loans held for sale as of September 30, 2025 (dollar amounts in thousands, except current average loan size):

September 30, 2025Current fair value$105,036 Current unpaid principal balance$102,439 Number of loans491 Current average loan size$208,634 Weighted average FICO753 Weighted average LTV74 %Weighted average coupon7.2 %

The following tables include additional information on residential loans originated between July 15, 2025 and September 30, 2025 (dollar amounts in thousands):

Originations by ChannelUnpaid Principal%Retail $47,987 12.5 %Wholesale 334,456 87.5 %Total$382,443 100.0 %

Originations by StrategyUnpaid Principal%Business purpose bridge loan strategy$18,530 4.8