Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 105

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 105
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 period of the SFR portfolio by properties:SFR Properties HFISFR Properties HFSTotalBalance at December 31, 20243,891 158 4,049 Transfer to (from) HFS/HFI45 (45)— Disposition of SFR properties— (67)(67)Balance at June 30, 20253,936 46 3,982 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)June 30, 2025Construction$1,072,844 $449,253 $1,522,097 44.0 %528 34.4 %11.4 %18.972.2% / 61.9%Bridge1,137,869 367,342 1,505,211 43.4 %542 35.4 %9.8 %25.065.9%Renovation287,051 150,866 437,917 12.6 %463 30.2 %10.0 %15.083.4% / 68.6%$2,497,764 $967,461 $3,465,225 100.0 %1,533 100.0 %10.5 %20.7N/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