Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 92

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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5, there was no impairment of its intangible assets or goodwill. 

5.    Selected Balance Sheet Data 

Allowances on Advances and LoansAllowance for credit losses for advances and loans as of June 30, 2025 and December 31, 2024 was $1.6 million and $1.2 million, respectively. 

16

Table of ContentsMARCUS & MILLICHAP, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 

Other Assets Other assets consisted of the following (in thousands): CurrentNon-CurrentJune 30,2025December 31,2024June 30,2025December 31,2024Security deposits$— $— $1,289 $1,300 Employee notes receivable146 28 30 88 Securities, held-to-maturity(1)— — 9,500 9,500 Loan performance fee receivable4,047 3,310 13,886 12,529 Investments in convertible notes(2)6,614 6,347 — — Other(3)4,095 5,858 221 209 $14,902 $15,543 $24,926 $23,626 (1)In connection with the Strategic Alliance with MTRCC, the Company holds a $9.5 million Mandatorily Redeemable Fixed-Rate Cumulative Preferred Stock investment in MTRCC, classified as held-to-maturity, which is expected to mature on August 26, 2027 and accrues interest based on the one-year treasury rate. (2)The Company purchased convertible notes with principal balances aggregating $5.0 million during the fourth quarter 2023 in connection with strategic alliances with companies in the real estate sector. The convertible notes accrue interest at rates between 6% and 10%, are convertible into equity for premiums and mature in a weighted average of    0.44 years, subject to extension at the option of the holders. The Company has elected to account for its investments in convertible notes under the fair value option; see Note 7 – “Fair Value Measurements” for additional information.(3)Other primarily includes customer trust accounts and prepaid lease costs.Deferred Compensation and Commissions Deferred compensation and commissions consisted of the following (in thousands): CurrentNon-CurrentJune 30,2025December 31,2024