Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 297

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 297
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4 million of loans, including unfunded commitments, backed by CRE and considered non-owner occupied as of June 30, 2025. The average loan-to-value for this CRE portfolio was 57.1%. 

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

June 30, 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$523,775 $— $523,775 $429,820 $— $429,820 Loans backed by NOO CRE244,052 32,291 276,343 191,831 58,803 250,634 Total loans$767,827 $32,291 $800,118 $621,651 $58,803 $680,454 Loans backed by NOO CRE by type:Retail$65,335 $— $65,335 54.0 %$45,594 $— $45,594 51.4 %1-4 Family22,939 — 22,939 55.3 %25,139 — 25,139 56.1 %Multifamily55,544 — 55,544 56.7 %35,713 — 35,713 52.6 %Industrial34,646 — 34,646 51.0 %27,866 — 27,866 50.1 %Office31,017 — 31,017 50.6 %21,586 — 21,586 47.7 %Construction and land development115,124 26,044 41,168 65.0 %22,775 44,986 67,761 65.1 %Hotel5,784 6,247 12,031 49.4 %— 13,817 13,817 66.2 %Other13,663 — 13,663 61.3 %13,158 — 13,158 61.5 %Total NOO CRE$244,052