Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 237

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 237
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 LTV (1)Weighted Average CouponBusiness purpose rental loan strategy3,418 $769,843 $758,040 74673%6.82%Business purpose bridge loan strategy2,321 1,176,555 1,157,085 74265%10.50%Performing residential loan strategy2,630 610,203 525,267 74058%4.18%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 Residential Loans:

Loan to Value at Purchase (1)June 30, 2025December 31, 202450% or less9.0 %9.0 %>50% - 60%9.7 %9.7 %>60% - 70%22.0 %21.7 %>70% - 80%39.8 %38.0 %>80% - 90%11.0 %12.7 %>90% - 100%4.7 %4.7 %>100%3.8 %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 PurchaseJune 30, 2025December 31, 2024550 or less5.5 %5.6 %551 to 6004.8 %4.8 %601 to 6505.4 %5.3 %651 to 70014.2 %14.6 %701 to 75028.6 %27.5 %751 to 80033.