# EDGAR Filing Document

**Accession Number:** 0001273685
**File Stem:** 0001273685-25-000065
**Filing Date:** 2025-7
**Character Count:** 12629
**Document Hash:** 200428619abfb54541e9b242d9148cd4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001273685-25-000065.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001273685-25-000065

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250715

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250715

**DATE AS OF CHANGE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK MORTGAGE TRUST, INC.
- **CENTRAL INDEX KEY:** 0001273685
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 470934168
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32216
- **FILM NUMBER:** 251125611

**BUSINESS ADDRESS:**
- **STREET 1:** 90 PARK AVENUE 23RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016
- **BUSINESS PHONE:** (212) 792-0107

**MAIL ADDRESS:**
- **STREET 1:** 90 PARK AVENUE 23RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW YORK MORTGAGE TRUST INC
- **DATE OF NAME CHANGE:** 20031217

?xml version='1.0' encoding='ASCII'? nymt-20250715

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): July 15, 2025**

**NEW YORK MORTGAGE TRUST, INC.** 

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Maryland** | **001-32216** | **47-0934168** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**90 Park Avenue** 

**New York, New York 10016** 

(Address and zip code of

principal executive offices)

Registrant's telephone number, including area code: **(212) 792-0107** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

------

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | | |
|:---|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered** | **Name of Each Exchange on Which Registered** |
| Common Stock, par value $0.01 per share | NYMT | NASDAQ | Stock Market |
| 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference | NYMTN | NASDAQ | Stock Market |
| 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference | NYMTM | NASDAQ | Stock Market |
| 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference | NYMTL | NASDAQ | Stock Market |
| 7.000% Series G Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference | NYMTZ | NASDAQ | Stock Market |
| 9.125% Senior Notes due 2029 | NYMTI | NASDAQ | Stock Market |
| 9.125% Senior Notes due 2030 | NYMTG | NASDAQ | Stock Market |
| 9.875% Senior Notes due 2030 | NYMTH | NASDAQ | Stock Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (§230.405 of this chapter) or Rule 12b-2 under the Exchange Act (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 7.01. Regulation FD Disclosure.**

On July 15, 2025, New York Mortgage Trust, Inc. (the "Company") issued a press release announcing the Company's acquisition of the remaining 50% ownership interest in Constructive Loans, LLC. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information included in this Current Report on Form 8-K (including Exhibit 99.1 attached hereto), shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

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**Item 9.01.**&nbsp;&nbsp;&nbsp;&nbsp;**Financial Statements and Exhibits.**

(d) *Exhibits.* 

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| <u>[99.1](nymt-pressreleaseconstruct.htm)</u> † | Press release dated as of July 15, 2025. |
| 104 | Cover Page Interactive Data File-the cover page XBRL tags are embedded within the Inline XBRL document. |

---

† Furnished herewith.

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **NEW YORK MORTGAGE TRUST, INC.** | **NEW YORK MORTGAGE TRUST, INC.** |
| | **(Registrant)** | **(Registrant)** |
| Date: July 15, 2025 | By: | /s/ Kristine R. Nario-Eng |
|  |  | Kristine R. Nario-Eng |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

![picture1.jpg](picture1.jpg)

**New York Mortgage Trust, Inc. Acquires Remaining Interest in Constructive Loans, LLC, Advancing NYMT's Business Purpose Lending Strategy** 

NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) - New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the "Company") today announced that it has acquired the remaining 50% ownership interest in Constructive Loans, LLC ("Constructive"), a leading originator in business purpose loans for residential real estate investors. This all-cash transaction, completed through a wholly owned subsidiary of the Company, represents a significant milestone in the Company's ongoing strategy to diversify and scale its recurring earnings through the inclusion of a top operating platform.

This acquisition builds on the Company's initial strategic investment in Constructive in 2021 and reflects the Company's belief in Constructive's growth potential and value to the residential credit market. This transaction will bolster the Company's access to Constructive's proprietary origination channels and broad third-party distribution network.

Constructive has demonstrated solid profitability and performance since its founding in 2017. Over the last twelve months ended June 30, 2025, Constructive has originated more than $1.7 billion of business purpose loans. Constructive will operate as an independent subsidiary of the Company with its experienced leadership team remaining in place.

"We are excited to take the next steps in our partnership with the talented team at Constructive. We believe that the acquisition of Constructive represents a step forward towards raising and diversifying the Company's recurring income," said Jason Serrano, CEO of the Company. "This transaction appreciably expands NYMT's presence within the residential credit markets and supports our core strategy of investing in business purpose loans."

Nicholas Mah, President of the Company, added: "We are pleased to welcome the Constructive team to NYMT. Constructive has demonstrated an ability to maintain solid loan performance while expanding origination volume, and we believe that Constructive is well positioned to meet the growing financing needs of the single-family investor community. With a shared philosophy of strong credit underwriting, we are excited to build on this success."

"Since our founding, Constructive has provided reliable and competitive capital to residential real estate investors," said Ben Fertig, President of Constructive, "We are thrilled to join NYMT with their residential mortgage credit expertise and deep capital market presence. We are excited to work together to bring the next level of growth in our origination of high-quality business purpose loans, and to further elevate the value we can deliver to Constructive's clients."

BTIG, LLC served as exclusive financial advisor. Mayer Brown LLP served as M&A counsel, and Vinson & Elkins LLP acted as tax and employment counsel to the Company in connection with the transaction.

**About New York Mortgage Trust**

New York Mortgage Trust, Inc. is an internally managed real estate investment trust in the business of acquiring, investing in, financing and managing primarily mortgage-related residential assets.

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**About Constructive Loans, LLC**

Constructive Loans, LLC is a leading business purpose loan lender specializing in rental and transitional loans for real estate investors. Constructive is currently headquartered in Oakbrook Terrace, Illinois and has 165 employees. Constructive operates in 48 states and D.C. Constructive was named the NPLA Conference Private Lender of the Year in 2024.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements involve numerous risks and uncertainties. The Company's actual results may differ from the Company's beliefs, expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "expect," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on the Company's beliefs, assumptions and expectations of the Company's future performance, taking into account information currently available to the Company. Statements related to the Company's anticipated benefits from the transaction; Constructive's integration with the Company; the subsequent performance of the integrated companies; Constructive's growth potential, positioning to meet financing needs and ability to deliver value; and lending markets in general are forward-looking statements. No assurance can be given that the Company will be able to realize the anticipated benefits of the transaction or successfully integrate Constructive or that Constructive will be able to grow, meet financing needs or deliver value. These forward-looking statements are subject to risks and uncertainties, including, without limitation, market conditions and those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 under "Item 1A. Risk Factors" and the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 under "Item 1A. Risk Factors." Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports the Company files with the SEC, including reports on Forms 10-Q and 8-K. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

**For Further Information**

AT THE COMPANY

Investor Relations

Phone: 212-792-0107

Email: <u>InvestorRelations@nymtrust.com</u>

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