Senior Notes, Loans Payable and Mortgage Repurchase Facilities (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Senior Notes, Loans Payable and Mortgage Repurchase Facilities

The Company’s outstanding senior notes (together, the “Senior Notes”) consisted of the following (in thousands):


	September 30, 2025		December 31, 2024
5.250% Senior Notes due June 1, 2027	$	300,000	$	300,000
5.700% Senior Notes due June 15, 2028	350,000		350,000
Deferred loan costs	(2,683)		(3,466)
Total	$	647,317	$	646,534

The Company’s outstanding loans payable consisted of the following (in thousands):


	September 30, 2025		December 31, 2024
Term loan facility	$	450,000	$	250,000
Seller financed loans	9,437		20,970
Total	$	459,437	$	270,970

Schedule of Repurchase Agreements

The following table provides a summary of Tri Pointe Connect’s Repurchase Agreements as of September 30, 2025 ($ in thousands):

Facility

Outstanding Balance

Facility Amount

Interest Rate

Expiration Date

Collateral (1)

Warehouse A

45,921

100,000

Term SOFR + 1.75%

4/22/2026

Mortgage Loans

Warehouse B (2)

25,168

50,000

Term SOFR + 1.75%

7/28/2026

Mortgage Loans

Warehouse B (2)

—

50,000

Term SOFR + 1.75%

On Demand

Mortgage Loans

Total

71,089

200,000

__________

(1) Mortgage loans held for sale consist of single-family residential loans collateralized by the underlying property. Generally, all of the loans originated by us are sold in the secondary mortgage market within 30 days after origination. As of September 30, 2025, mortgage loans held for sale had an aggregate fair value of $78.4 million.

(2) Warehouse B is a $100 million facility, of which $50 million is committed and $50 million is uncommitted.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Tri Pointe Homes, Inc. 10-Q