Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 430

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 430
---
582)— (1,099)(1,919)36,292 Transfers in (1)580 — — 145,748 — — — 141 4,302 150,771 Transfers out (2)(4,014)— (6,670)— — (33,759)— — — (44,443)Transfer to securitization trust, net (3)(442,741)— 442,741 — — — — — — —  Transfer from residential loans held for sale to residential loans213,811 (213,811)Paydowns/Distributions (4)(41,743)(24,461)(280,146)(137)(8,576)(27,274)— 3,405 — (378,932)Sales(121,221)— (6,945)(218,031)— — (500)— — (346,697)Acquisitions327,848 — 38,737 — — — — — — 366,585 Originations— — — 382,443 — — — — — 382,443 Balance at the end of period$308,422 $1,182,599 $2,660,626 $105,036 $68,647 $28,825 $— $21,896 $2,383 $4,378,434 (1)Transfers into Level 3 include residential loans, residential loans held for sale, MSRs and IRLCs consolidated by the Company following its acquisition of the outstanding membership interests in Constructive that were not previously owned by the Company on July 15, 2025 (see Note 24).(2)Transfers out of Level 3 assets represent the transfer of residential loans to real estate owned assets and the consolidation of Constructive resulting from the Company's acquisition of the outstanding membership interests in Constructive that were not previously owned by the Company on July 15, 2025 (see Note 24)(3)During the three months ended September 30, 2025, the Company transferred, on a net basis, certain residential loans into residential loan revolver securitizations (see Note 7 for further discussion of the Company's residential loan securitizations).(4)Includes in-kind distribution of MSRs received