Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 339

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 339
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, are as follows:June 30, 2025December 31, 2024Residential loansConsolidated SLSTResidential loans held in securitization trustsResidential loansConsolidated SLSTResidential loans held in securitization trustsCalifornia17.0 %11.1 %17.4 %23.0 %11.7 %20.2 %Florida12.1 %8.8 %12.0 %10.4 %9.1 %12.2 %New York10.7 %10.6 %6.6 %6.6 %10.8 %6.6 %Texas6.7 %4.4 %7.1 %6.2 %4.4 %7.9 %New Jersey6.2 %6.3 %5.7 %8.0 %6.8 %5.2 %Pennsylvania5.6 %3.8 %4.8 %5.1 %3.9 %3.8 %Ohio5.1 %3.4 %2.7 %3.6 %1.6 %2.0 %Illinois2.5 %7.4 %3.2 %2.2 %6.3 %3.1 %The following table presents the fair value and aggregate unpaid principal balance of the Company's residential loans and residential loans held in securitization trusts in non-accrual status as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Greater than 90 days past dueLess than 90 days past dueFair ValueUnpaid Principal BalanceFair ValueUnpaid Principal BalanceJune 30, 2025$150,481 $172,026 $7,158 $7,512 December 31, 2024159,558 183,067 8,098 8,749 Formal foreclosure proceedings were in process with respect to residential loans with an aggregate fair value of $118.9 million and an aggregate unpaid principal balance of $138.2 million as of June 30, 2025.Residential loans held in Consolidated SLST with an aggregate unpaid principal balance of $129.4 million and $117