Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 266

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 266
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%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 %601 to 6504.5 %5.3 %651 to 70013.8 %14.6 %701 to 75030.4 %27.5 %751 to 80035.6 %34.5 %801 and over8.2 %7.7 %Total100.0 %100.0 %

Current CouponSeptember 30, 2025December 31, 20243.00% or less4.8 %5.4 %3.01% - 4.00%9.8 %11.6 %