Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 170

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 170
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16%Total13,012 $3,022,961 $2,969,048 

December 31, 2024Number of LoansUnpaid PrincipalFair ValueWeighted Average FICOWeighted Average LTV (1)Weighted Average CouponBusiness purpose rental loan strategy3,418 $769,843 $758,040 74673%6.82%Business purpose bridge loan strategy2,321 1,176,555 1,157,085 74265%10.50%Performing residential loan strategy2,630 610,203 525,267 74058%4.18%Re-performing residential loan strategy3,484 461,101 435,674 63654%5.17%Total11,853 $3,017,702 $2,876,066 

(1)For second mortgages (included in performing residential loan strategy), the Company calculates the combined loan-to-value ("LTV"). For business purpose bridge loans, the Company calculates LTV as the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan.

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Characteristics of Our Acquired and Originated Residential Loans:

Loan to Value at Purchase (1)September 30, 2025December 31, 202450% or less8.1 %9.0 %>50% - 60%8.7 %9.7 %>60% - 70%21.2 %21.7 %>70% - 80%44.1 %38.0 %>80% - 90%10.8 %12.7 %>90% - 100%4.1 %4.7 %>100%3.0 %4.2 %Total100.0 %100.0 %

(1)For second mortgages, the Company calculates the combined LTV. For business purpose bridge loans, the Company calculates LTV as the ratio of the maximum unpaid principal balance of the loan, including unfunded commitments, to the estimated “after repaired” value of the collateral securing the related loan.

FICO Scores at PurchaseSeptember 30, 2025December 31, 2024550 or less3.8 %5.6 %551 to 6003.7 %4.8 %