Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 33

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 33
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 associated nonrecourse debt is accounted for by the Company and presented separately from other nonrecourse debt. Refer to Note 4 - Variable Interest Entities and Securitizations for additional information.(2) Nonrecourse commercial loan financing liability is comprised of the nonrecourse debt associated with a securitization of commercial loans. As the securitization was determined to be an unconsolidated VIE and failed sale treatment, the associated nonrecourse debt is accounted for by the Company and presented separately from other nonrecourse debt. Refer to Note 4 - Variable Interest Entities and Securitizations for additional information.Future repayment of nonrecourse debt issued by securitization trusts is dependent on the receipt of cash flows from the corresponding encumbered loans receivable. As of March 31, 2025, estimated maturities for nonrecourse debt for the next five years and thereafter are as follows (in thousands):Year Ending December 31,Estimated MaturitiesRemainder of 2025$1,646,292 20263,683,164 20271,888,598 2028239,529 2029229,363 Thereafter1,861,865 Total payments on nonrecourse debt$9,548,811 

32

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

10.    Other Financing Lines of CreditOther financing lines of credit consisted of the following (in thousands):Outstanding borrowings atMaturity DateInterest RateCollateral PledgedTotal Capacity(1)March 31, 2025December 31, 2024Reverse Lines:April 2025(2) - October 2026Secured Overnight Financing Rate (“SOFR”) + applicable marginFirst and Second Lien Mortgages$1,110,000 $513,357 $438,328 Various(3)Bond accrual rate/SOFR + applicable marginMortgage Related Assets391,170 367,211 356,915 October 2027SOFR + applicable marginHECM MSR70,000 69,231 69,231 October 2025SOFR + applicable marginUnsecuritized Tails40,000 25,995 19,947 Subtotal reverse lines of credit1,611,170 975,794 884,421 Mortgage Line:Various(3)Bond accrual rate + applicable marginMort