Financial insights of LFT-PA

MyFinsight

For the year ending 2025-12-31.

Income Statement	2025-12-31
Commercial mortgage loans held-for-investment	76,653,371
Cash and cash equivalents	2,349,744
Securitized debt obligations	47,616,516
Secured financing agreements	2,268,542
Secured term loan	4,004,854
Net interest income	25,113,203
Management and incentive fees	4,595,458
General and administrative expenses	3,947,859
Operating expenses reimbursable to manager	1,723,142
Other operating expenses	-1,810,372
Compensation expense	445,001
Total expenses	12,521,832
Provision for credit losses	14,390,928
Net income (expense) from real estate owned operations	-472,023
Change in unrealized (loss) on mortgage servicing rights	-95,041
Realized (loss) on sale of real estate owned	-547,447
Servicing income, net	176,952
Total other (loss)	-15,328,487
Net (loss) income before provision for income taxes	-2,737,116
(provision for) income taxes	8,193
Net (loss) income	-2,745,309
Dividends to preferred stockholders	4,740,000
Net (loss) income attributable to common stockholders (basic)	-7,485,309

Basic EPS	-0.14
Diluted EPS	-0.14
Basic Average Shares	52,344,316
Diluted Average Shares	52,344,316