OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2025

The following table presents a summary of the Company’s offsetting of financial liabilities (in thousands, except amounts in footnotes):


	(i) Gross Amounts		(ii) Gross Amounts Offset on the		(iii) = (i) - (ii) Net Amounts of Liabilities Presented on the		(iv) Gross Amounts Not Offset on the Consolidated Balance Sheets
	of Recognized Liabilities		Consolidated Balance Sheets		Consolidated Balance Sheets		Financial Instruments (1)		Cash Collateral Pledged		(v) = (iii) - (iv) Net Amount
At June 30, 2025:
Warehouse financing facilities (2)	$	82,067	$	—	$	82,067	$	82,067	$	—	$	—
At December 31, 2024:
Warehouse financing facilities (2)	$	156,739	$	—	$	156,739	$	156,739	$	—	$	—

(1)

Amounts represent financial instruments pledged that are available to be offset against liability balances associated with warehouse financing facilities and repurchase agreements.

(2)

The combined fair value of securities and loans pledged against the Company’s various warehouse financing facilities and repurchase agreements was $119.1 million and $257.0 million at June 30, 2025 and December 31, 2024, respectively.

ACRES Commercial Realty Corp. 10-Q