Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 110

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 110
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ed Average Committed Loan Balance to Value(B)September 30, 2025Construction$1,019,526 $579,036 $1,598,562 41.7 %561 33.9 %11.2 %20.272.1% / 62.1%Bridge1,274,957 455,451 1,730,408 45.2 %537 32.5 %9.5 %26.267.2%Renovation280,871 221,376 502,247 13.1 %555 33.6 %9.9 %13.582.7% / 68.1%$2,575,354 $1,255,863 $3,831,217 100.0 %1,653 100.0 %10.3 %21.0N/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 %20.4N/A(A)Residential transition loans are carried at fair value under the FVO election. Certain residential transition loans of consolidated entities, classified as CFEs, are valued based on the more observable financial liabilities of consolidated CFEs and are classified as Level 3. See Note 19 regarding fair value measurements.(B)Weighted by commitment loan-to-value (“LTV”) for bridge loans, loan-to-cost and loan-to-after-repair-value for construction and renovation loans.The following table summarizes the activity of loans included in residential transition loans, at fair value on the consolidated balance sheets:Balance at December 31, 2024$2,178,075 Purchases3,434