Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 370

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 370
---
 See Note 26 regarding certain guarantees provided in connection with the investments. These investments are presented as part of equity investments within other assets on the consolidated balance sheets:December 31,20242023Carrying value of commercial real estate held within unconsolidated VIEs$190,258 $66,652 Carrying value of Rithm Capital’s investments in unconsolidated commercial real estate VIEs57,846 29,210 The Company holds a 70% membership interest in a credit risk transfer LLC, a VIE that holds exposures in warehouse lines collateralized by residential mortgage loans. The Company does not have power to make significant decisions unilaterally over 

196

RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

the VIE; therefore, it is not the primary beneficiary and does not consolidate the VIE. The following table summarizes the carrying value of the Company’s membership interest, which reflects the Company’s maximum exposure to loss. This equity investment is presented within other assets on the consolidated balance sheets:December 31,20242023Membership interest in unconsolidated VIEs$194,410 $— Noncontrolling InterestsNoncontrolling interests represent the ownership interests in certain consolidated subsidiaries held by entities or persons other than Rithm Capital and it is presented as a separate component of equity on the Company’s consolidated balance sheets. These interests are related to noncontrolling interests in consolidated entities that hold servicer advance investments (Note 14), the Newrez Joint Ventures, consumer loans (Note 8), asset management investments, Excess MSRs and commercial investments.Others’ interests in the equity of consolidated subsidiaries is computed as follows:December 31, 2024December 31, 2023Total Consolidated EquityOthers' Ownership InterestNoncontrolling Interest in Equity of Consolidated SubsidiariesTotal Consolidated EquityOthers' Ownership InterestNoncontrolling Interest in Equity of Consolidated SubsidiariesAdvance Purchaser$91,384 10.7 %$9,770 $104,458 10.7 %$11,157 Newrez Joint Ventures19,621 49.5 %9,687 16,607 49.5 %8,220 Consumer Loan Companies(A)50,850 — %— 72,361 46.5 %