Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 197

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 197
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 at December 31, 2024, and remained relatively low. Our recourse leverage excludes the securitized debt which can only be repaid from the proceeds on the assets securing this debt in their respective VIEs. Our recourse leverage is presented as a ratio of our secured financing agreements and long term debt, which are recourse to our assets and our equity. 

Based on our current portfolio, leverage ratio and available borrowing arrangements, we believe our assets will be sufficient to enable us to meet anticipated short-term liquidity requirements. However, if our cash resources are insufficient to satisfy our liquidity requirements, we may sell additional investments, reduce our dividends, or issue debt or additional common or preferred equity securities to meet our liquidity needs. As of March 31, 2025 and December 31, 2024, we had $444 million and $526 million of unencumbered assets available to us which can be pledged to access additional short-term financing or sold to raise additional cash, if necessary.

At March 31, 2025 and December 31, 2024, the remaining maturities and borrowing rates on our RMBS and loan secured financing agreements were as follows.

 March 31, 2025December 31, 2024 (dollars in thousands)Principal (1)Weighted Average Borrowing RatesRange of Borrowing RatesPrincipalWeighted Average Borrowing RatesRange of Borrowing RatesOvernight$— —NA$— —NA1 to 29 days704,233 5.21%4.46% - 7.20%642,358 5.61%4.66% - 7.52%30 to 59 days469,914 6.23%5.04% - 6.80%959,559 7.79%5.34% - 12.50%60 to 89 days219,973 5.29%4.72% - 5.65%318,750 5.58% 4.87% - 7.02%90 to 119 days70,769 5.25%5.25% - 5.25% 51,416 6.38%5.51% - 6.77%120 to 180 days156,424 5.75% 5.24% - 6.54%123,072 6.15%5.82% - 6.77%180 days to