Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 218

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 218
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Balance at March 31, 20253,936 71 4,007 See Note 18 regarding the financing of SFR properties.

10. RESIDENTIAL TRANSITION LOANS

Genesis specializes in originating and managing a portfolio of primarily short-term mortgage loans to fund the construction and development of, or investment in, residential properties.The following table summarizes residential transition loans, at fair value and residential transition loans held by consolidated CFEs by loan type:Residential Transition Loans - Carrying Value(A)Residential Transition Loans of Consolidated CFEs - Carrying Value(A)Total Carrying Value% of PortfolioLoanCount% of PortfolioWeighted Average YieldWeighted Average Original Life (Months)Weighted Average Committed Loan Balance to Value(B)March 31, 2025Construction$1,003,657 $417,895 $1,421,552 43.4 %477 32.1 %11.4 %19.872.0% / 62.0%Bridge1,063,102 382,927 1,446,029 44.2 %570 38.5 %10.0 %23.666.6%Renovation268,459 137,710 406,169 12.4 %437 29.4 %10.3 %14.883.4% / 68.4%$2,335,218 $938,532 $3,273,750 100.0 %1,484 100.0 %10.6 %20.4N/ADecember 31, 2024Construction$935,142 $492,071 $1,427,213 45.4 %490 31.9 %11.4 %20.072.7% / 62.2%Bridge972,443 363,946 1,336,389 42.6 %600 39.1 %10.0 %23.966.6%Renovation270,490 106,175 376,665 12.0 %445 29.0 %10.5 %12.882.8% / 68.2%$2,178,075 $962,192 $3,140,267 100.0 %1,535 100.0 %10.7 %