Core Viewpoint - New York Mortgage Trust, Inc. has acquired the remaining 50% ownership interest in Constructive Loans, LLC, enhancing its strategy to diversify and scale recurring earnings through a leading operating platform [1][2]. Group 1: Acquisition Details - The acquisition is an all-cash transaction completed through a wholly owned subsidiary of the Company, marking a significant milestone in its growth strategy [1]. - This acquisition builds on the Company's initial strategic investment in Constructive made in 2021, reflecting confidence in Constructive's growth potential and value to the residential credit market [2]. Group 2: Constructive Loans Performance - Constructive has originated over $1.7 billion in business purpose loans over the last twelve months ending June 30, 2025, demonstrating solid profitability and performance since its founding in 2017 [3]. - Constructive will continue to operate as an independent subsidiary with its experienced leadership team remaining in place [3]. Group 3: Management Insights - The CEO of the Company expressed excitement about the partnership with Constructive, emphasizing that the acquisition will diversify the Company's recurring income and expand its presence in residential credit markets [4]. - The President of the Company highlighted Constructive's ability to maintain solid loan performance while expanding origination volume, positioning it well to meet the financing needs of single-family investors [4]. Group 4: Company Background - New York Mortgage Trust, Inc. is an internally managed real estate investment trust focused on acquiring, investing in, financing, and managing primarily mortgage-related residential assets [5]. - Constructive Loans, LLC specializes in rental and transitional loans for real estate investors and operates in 48 states and D.C., with a workforce of 165 employees [6].