Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 94

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 94
---
 independent business owners (SMBs). The Company’s Loans HFI at amortized cost and Loans HFS at LCM include a total of $342.7 million of loans, including unfunded commitments, backed by CRE and considered non-owner occupied as of September 30, 2025. The average loan-to-value for this CRE portfolio was 58.3%. 

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

September 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$577,166 $— $577,166 $429,820 $— $429,820 Loans backed by NOO CRE256,921 28,678 285,599 191,831 58,803 250,634 Total loans$834,087 $28,678 $862,765 $621,651 $58,803 $680,454 Loans backed by NOO CRE by type:Retail$69,288 $— $69,288 54.3 %$45,594 $— $45,594 51.4 %1-4 Family21,212 — 21,212 54.3 %25,139 — 25,139 56.1 %Multifamily65,934 — 65,934 57.9 %35,713 — 35,713 52.6 %Industrial34,615 — 34,615 50.7 %27,866 — 27,866 50.1 %Office30,977 — 30,977 49.7 %21,586 — 21,586 47.7 %Construction and land development116,318 22,119 38,437 66.6 %22,775 44,986 67,761 65.1 %Hotel5,220 6,559 11,779 59.0 %— 13,817 13,817 66.2 %Other13,357 — 13,