Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 472

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 472
---
091,147 1,937,868 2,253,020 7,570,063 Interest expense on MBS secured financing agreements (1)29,737 1,364 — — 31,101 Interest expense on securitized debt (1)255,162 394,250 257,323 292,081 1,198,816 Total$4,077,842 $2,824,019 $2,195,191 $2,545,114 $11,642,166 

(1) Interest is based on variable rates in effect as of December 31, 2024.

December 31, 2023 (dollars in thousands)Contractual ObligationsWithin One YearOne to Three YearsThree to Five YearsGreater Than or Equal to Five YearsTotalSecured financing agreements$1,273,274 $808,602 $362,215 $— $2,444,091 Securitized debt, collateralized by Non-Agency RMBS251 326 — 67 644 Securitized debt at fair value, collateralized by Loans held for investment1,405,503 2,302,421 1,738,678 2,942,234 8,388,836 Interest expense on MBS secured financing agreements (1)23,423 6,555 1,696 — 31,674 Interest expense on securitized debt (1)273,963 425,281 294,111 356,337 1,349,693 Total$2,976,414 $3,543,185 $2,396,700 $3,298,638 $12,214,938 

(1) Interest is based on variable rates in effect as of December 31, 2023.

Not included in the table above are the unfunded construction loan commitments of $5 million as of December 31, 2024 and December 31, 2023. We expect the majority of these commitments will be paid within one year and are reported under Payable for investments purchased in our Consolidated Statements of Financial Condition.

We have made a $75 million capital commitment to a fund managed by Kah Capital Management, LLC. During the year ended December 31, 2024, we funded an additional $10 million towards that commitment, which brought our total funding to $56