Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 100

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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457 8.71 %10.69 %0.425/6/202577.22 %NYLoan D (7)22,204 (168)22,036 112 — 22,148 7.89 %8.73 %0.688/6/202542.50 %CTTotal$67,204 $(563)$66,641 $364 $— $67,005 8.44 %10.04 %0.5063.69 %(1)The Company has the contractual right to receive a balloon payment for each loan.(2)Each commercial loan investment is a first mortgage loan.(3)The weighted average yields are calculated based on the amortized cost of the underlying loans. (4)Actual maturities of commercial loans may be shorter or longer than stated contractual maturities. Maturities are affected by prepayments of principal. (5)Represents the LTV at acquisition. The total LTV on commercial loans is presented based on fair value.(6)Loans A, B, and C have a floating rate coupon equal to 4.20% plus one-month SOFR and are collateralized by hotels. The borrower for Loans A, B and C is currently in default. In May 2025, the administrative agent on behalf of the lenders (including the Company) of Loans A, B and C entered into short-term forbearance agreements with the borrower, which were subsequently terminated effective July 3, 2025. For the three months ended June 30, 2025, these loans were placed on non-accrual status. The borrower for such loans is in the process of selling the hotels collateralizing the loans; however, no assurances can be made that any such sale will be completed on the terms contemplated or at all. The lender on the Company’s financing arrangements on Loans A, B and C is permitted to request a full repayment of the debt with respect to such assets. The Company does not currently expect its lender to request a full repayment of the related outstanding financing arrangements. 

(7)Loan D has a floating rate coupon equal to 3.38% plus one-month SOFR and is collateralized by a retail property. Loan D has a current payment status. The maturity date represents the last possible extension option.

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AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)June 30