Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 86

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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,036 105,036 — — Multi-family loansLevel 368,647 68,647 86,192 86,192 Equity investmentsLevel 328,825 28,825 113,492 113,492 Derivative assetsLevel 2229 229 56 56 IRLCsLevel 32,383 2,383 — — Derivative assets in disposal group held for saleLevel 2— — 67 67 Mortgage servicing rightsLevel 321,896 21,896 21,003 21,003 Financial Liabilities:     Repurchase agreementsLevel 26,481,072 6,481,072 4,012,225 4,012,225 Collateralized debt obligations:Residential loan securitizations at amortized cost, netLevel 3375,164 359,892 842,764 818,482 Residential loan securitizations at fair valueLevel 22,118,581 2,118,581 1,253,332 1,253,332 Consolidated SLSTLevel 31,016,952 1,016,952 811,591 811,591 Non-Agency RMBS re-securitizationLevel 266,762 66,762 70,757 70,757 Subordinated debenturesLevel 345,000 40,108 45,000 38,918 Derivative liabilitiesLevel 2121 121 — — Senior unsecured notes:Senior unsecured notes at amortized cost, netLevel 299,275 98,957 98,886 98,632 Senior unsecured notes at fair valueLevel 2257,590 257,590 60,310 60,310 Mortgages payable on real estateLevel 3362,747 354,629 366,606 347,915 Mortgages payable on real estate in disposal group held for saleLevel 3— — 93,370 93,370 

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In addition to the methodology to determine the fair value of the Company’s financial assets and liabilities reported at fair value, as previously described, the following methods and assumptions were used by the Company in arriving at the fair value of the Company’s other financial instruments in the table immediately above:a.Cash and cash equivalents – Estimated fair value approximates the