Consolidated Agency Multifamily Loans (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Schedule of Multifamily Loans

The following table summarizes the characteristics of the multifamily loans consolidated at Redwood at December 31, 2022 and 2021.

Table 8.1 – Characteristics of Consolidated Agency Multifamily Loans

(Dollars in Thousands)	December 31, 2022			December 31, 2021
Number of loans	28			28
Unpaid principal balance	$	447,193		$	455,168
Fair value of loans	$	424,551		$	473,514
Weighted average coupon	4.25		%	4.25		%
Weighted average remaining loan term (years)	3			4
Delinquency information
Number of loans with 90+ day delinquencies	—			—
Number of loans in foreclosure	—			—

The outstanding Consolidated Agency multifamily loans held-for-investment at the consolidated Freddie Mac K-Series entity at December 31, 2022 were first-lien, fixed-rate loans that were originated in 2015. The following table provides the activity of multifamily loans held-for-investment during the years ended December 31, 2022 and 2021.

Table 8.2 – Activity of Consolidated Agency Multifamily Loans Held-for-Investment

	Year Ended December 31,
(In Thousands)	2022		2021
Net market valuation gains (losses) recorded (1)	$	(40,987)	$	(11,068)

(1)Net market valuation gains (losses) on multifamily loans held-for-investment are recorded through Investment fair value changes, net on our consolidated statements of income (loss). For loans held at our consolidated Freddie Mac K-Series entity, market value changes are based on the estimated fair value of the associated ABS issued, including securities we own, pursuant to collateralized financing entity guidelines. The net impact to our income statement associated with our economic investment in these securitization entities is presented in Table 4.2.

Geographic Concentration of Loans Recorded on Consolidated Balance Sheet

The following table presents the geographic concentration of residential loans recorded on our consolidated balance sheets at December 31, 2022 and 2021.

Table 6.6 – Geographic Concentration of Residential Loans

	December 31, 2022
Geographic Concentration (by Principal)	Held-for-Sale		Held-for- Investment at Legacy Sequoia		Held-for- Investment at Sequoia		Held-for-Investment at Freddie Mac SLST
California	26	%	18	%	35	%	14	%
Texas	12	%	6	%	12	%	3	%
Washington	11	%	1	%	5	%	2	%
Colorado	9	%	2	%	6	%	1	%
Florida	9	%	13	%	4	%	10	%
New York	3	%	11	%	2	%	11	%
New Jersey	1	%	5	%	1	%	7	%
Illinois	1	%	3	%	3	%	5	%
Maryland	1	%	2	%	2	%	5	%
Ohio	—	%	5	%	—	%	2	%
Other states (none greater than 5%)	27	%	34	%	30	%	40	%
Total	100	%	100	%	100	%	100	%

	December 31, 2021
Geographic Concentration (by Principal)	Held-for-Sale		Held-for- Investment at Legacy Sequoia		Held-for- Investment at Sequoia		Held-for-Investment at Freddie Mac SLST
California	29	%	18	%	35	%	14	%
Texas	11	%	5	%	12	%	3	%
Washington	8	%	1	%	5	%	2	%
Colorado	7	%	2	%	6	%	1	%
Florida	6	%	14	%	4	%	10	%
Arizona	5	%	1	%	3	%	2	%
New York	2	%	11	%	2	%	10	%
New Jersey	1	%	5	%	1	%	7	%
Illinois	2	%	3	%	4	%	5	%
Maryland	1	%	2	%	2	%	5	%
Ohio	—	%	5	%	—	%	2	%
Other states (none greater than 5%)	28	%	33	%	26	%	39	%
Total	100	%	100	%	100	%	100	%

The following table presents the geographic concentration of business purpose loans recorded on our consolidated balance sheets at December 31, 2022 and December 31, 2021.

Table 7.5 – Geographic Concentration of Business Purpose Loans

	December 31, 2022
Geographic Concentration (by Principal)	BPL Term at Redwood		BPL Term at CAFL		BPL Bridge at Redwood		BPL Bridge at CAFL
California	34	%	4	%	2	%	3	%
Connecticut	10	%	8	%	4	%	1	%
Illinois	6	%	5	%	8	%	3	%
New York	5	%	5	%	2	%	3	%
Florida	4	%	7	%	6	%	5	%
Texas	3	%	16	%	13	%	1	%
Alabama	2	%	3	%	6	%	33	%
New Jersey	2	%	8	%	7	%	6	%
Georgia	2	%	5	%	21	%	14	%
Tennessee	1	%	2	%	6	%	2	%
Other states (none greater than 5%)	31	%	37	%	25	%	29	%
Total	100	%	100	%	100	%	100	%

	December 31, 2021
Geographic Concentration (by Principal)	BPL Term at Redwood		BPL Term at CAFL		BPL Bridge at Redwood		BPL Bridge at CAFL
Florida	15	%	7	%	10	%	17	%
Texas	11	%	15	%	7	%	13	%
Alabama	11	%	3	%	9	%	3	%
Connecticut	9	%	6	%	4	%	3	%
New Jersey	7	%	8	%	9	%	12	%
New York	2	%	2	%	2	%	9	%
Georgia	5	%	5	%	20	%	7	%
California	5	%	5	%	3	%	5	%
Illinois	2	%	5	%	4	%	4	%
Tennessee	—	%	3	%	11	%	2	%
Other states (none greater than 5%)	33	%	41	%	21	%	25	%
Total	100	%	100	%	100	%	100	%

The following table presents the geographic concentration of multifamily loans recorded on our consolidated balance sheets at December 31, 2022.

Table 8.3 – Geographic Concentration of Consolidated Agency Multifamily Loans

Geographic Concentration (by Principal)	December 31, 2022		December 31, 2021
California	13	%	13	%
Florida	13	%	13	%
North Carolina	9	%	9	%
Oregon	7	%	7	%
Hawaii	5	%	5	%
Tennessee	5	%	5	%
Other states (none greater than 5%)	48	%	48	%
Total	100	%	100	%

Loan Product Type and Accompanying Loan Characteristics of Loans

The following table displays the loan product type and accompanying loan characteristics of residential loans recorded on our consolidated balance sheets at December 31, 2022 and 2021.

Table 6.7 – Product Types and Characteristics of Residential Loans

December 31, 2022
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate(1)				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Held-for-Sale:
Hybrid ARM loans
	$	—	to	$250	1	6.00	%	to	6.00%	2032-11	-	2032-11	$	41	$	—	$	—
	$	501	to	$750	6	3.63	%	to	6.50%	2042-04	-	2052-12	3,590		—		—
	$	751	to	$1,000	1	4.25	%	to	4.25%	2042-06	-	2042-06	772		—		—
					8								4,403		—		—
Fixed loans
	$	—	to	$250	25	3.13	%	to	5.63%	2026-04	-	2052-06	4,088		—		208
	$	251	to	$500	138	3.38	%	to	8.25%	2026-12	-	2052-12	57,202		444		—
	$	501	to	$750	283	2.88	%	to	8.25%	2038-09	-	2052-12	186,202		537		—
	$	751	to	$1,000	286	2.75	%	to	9.25%	2042-04	-	2053-01	248,246		1,726		—
			over	$1,000	254	2.88	%	to	9.13%	2042-03	-	2053-01	321,922		2,575		—
					986								817,660		5,282		208
Total Held-for-Sale					994								$	822,063	$	5,282	$	208
Held-for-Investment at Legacy Sequoia:
ARM loans:
	$	—	to	$250	1,070	1.25	%	to	6.13%	2022-06	-	2035-11	$	93,286	$	3,792	$	2,607
	$	251	to	$500	158	1.25	%	to	6.13%	2027-04	-	2035-11	54,904		1,232		1,649
	$	501	to	$750	47	1.63	%	to	5.38%	2027-05	-	2035-07	28,796		—		1,796
	$	751	to	$1,000	13	1.63	%	to	6.00%	2028-03	-	2036-03	11,047		929		772
			over	$1,000	9	1.63	%	to	5.63%	2028-06	-	2035-04	14,340		1,048		—
					1,297								202,373		7,001		6,824
Hybrid ARM loans:
	$	—	to	$250	3	4.63	%	to	4.63%	2033-09	-	2033-09	610		—		—
	$	251	to	$500	4	2.88	%	to	4.63%	2033-07	-	2034-03	1,421		—		—
					7								2,031		—		—
Total HFI at Legacy Sequoia:					1,304								$	204,404	$	7,001	$	6,824

Table 6.7 – Product Types and Characteristics of Residential Loans (continued)

December 31, 2022
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate(1)				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Held-for-Investment at Sequoia:
Hybrid ARM loans
	$	251	to	$500	2	3.50	%	to	3.63%	2047-04	-	2049-06	798		—		—
	$	501	to	$750	8	3.38	%	to	4.38%	2044-04	-	2049-08	5,370		—		637
	$	751	to	$1,000	4	4.00	%	to	5.63%	2047-07	-	2048-01	3,294		—		—
			over	$1,000	3	4.00	%	to	5.00%	2045-07	-	2049-04	3,833		—		—
					17								13,295		—		637
Fixed loans:
	$	—	to	$250	52	2.63	%	to	5.25%	2029-04	-	2051-12	$	9,145	$	—	$	—
	$	251	to	$500	146	2.38	%	to	6.75%	2038-04	-	2051-12	61,208		2,348		877
	$	501	to	$750	1,884	2.13	%	to	6.38%	2031-04	-	2052-01	1,211,531		7,064		1,840
	$	751	to	$1,000	1,600	2.13	%	to	6.00%	2036-12	-	2052-01	1,396,210		2,425		1,849
			over	$1,000	925	1.88	%	to	5.88%	2036-07	-	2052-01	1,155,702		3,685		2,596
					4,607								3,833,796		15,522		7,162
					4,624								$	3,847,091	$	15,522	$	7,799
Held-for-Investment at Freddie Mac SLST:
Fixed loans:
	$	—	to	$250	8,979	2.00	%	to	11.00%	2022-12		2062-11	$	1,105,116	$	197,718	$	120,210
	$	251	to	$500	1,867	2.00	%	to	7.75%	2036-03		2062-09	593,781		103,339		80,993
	$	501	to	$750	35	2.00	%	to	5.50%	2045-02		2059-01	19,328		1,038		7,184
			over	$1,000	1	4.00	%	to	4.00%	2056-03		2056-03	1,010		—		1,010
Total Held-for-Investment					10,882								$	1,719,236	$	302,095	$	209,397

Table 6.7 – Product Types and Characteristics of Residential Loans (continued)

December 31, 2021
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate(1)				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Held-for-Sale:
Hybrid ARM loans
	$	—	to	$250	1	1.88	%	to	1.88%	2032-11	-	2032-11	$	45	$	—	$	—
	$	251	to	$500	4	3.25	%	to	3.50%	2042-08	-	2042-09	1,880		—		—
	$	501	to	$750	18	2.38	%	to	3.63%	2042-04	-	2052-01	11,872		—		—
	$	751	to	$1,000	14	2.50	%	to	4.00%	2042-06	-	2052-01	12,288		—		—
			over	$1,000	20	2.38	%	to	3.88%	2042-01	-	2052-01	25,308		—		—
					57								51,393		—		—
Fixed loans
	$	—	to	$250	63	3.13	%	to	5.00%	2026-04	-	2051-12	11,118		—		—
	$	251	to	$500	133	2.75	%	to	5.50%	2026-12	-	2051-11	51,737		—		—
	$	501	to	$750	790	2.50	%	to	5.88%	2026-12	-	2052-01	514,785		—		1,093
	$	751	to	$1,000	735	2.63	%	to	5.63%	2041-07	-	2052-.01	642,372		—		—
			over	$1,000	418	2.50	%	to	4.75%	2041-10	-	2052-.01	542,460		—		1,830
					2,139								1,762,472		—		2,923
Total Held-for-Sale					2,196								$	1,813,865	$	—	$	2,923
Held-for-Investment at Legacy Sequoia:
ARM loans:
	$	—	to	$250	1,273	0.38	%	to	5.63%	2022-01	-	2035-11	$	115,437	$	3,189	$	2,691
	$	251	to	$500	206	0.75	%	to	3.88%	2024-05	-	2035-11	71,306		2,831		2,124
	$	501	to	$750	68	0.25	%	to	4.13%	2027-05	-	2035-07	42,128		555		1,842
	$	751	to	$1,000	15	0.75	%	to	3.75%	2028-03	-	2036-03	12,868		1,811		825
			over	$1,000	12	0.88	%	to	2.00%	2028-06	-	2035-04	18,668		1,175		—
					1,574								260,407		9,561		7,482
Hybrid ARM loans:
	$	—	to	$250	3	2.63	%	to	2.63%	2033-09	-	2033-10	650		—		—
	$	251	to	$500	4	2.50	%	to	2.63%	2033-07	-	2034-03	1,341		—		—
	$	501	to	$750	1	2.50	%	to	2.50%	2033-08	-	2033-08	518		—		—
			over	$1,000	1	2.63	%	to	2.63%	2033-09	-	2033-09	1,140		—		—
					9								3,649		—		—
Total HFI at Legacy Sequoia:					1,583								$	264,056	$	9,561	$	7,482

Table 6.7 – Product Types and Characteristics of Residential Loans (continued)

December 31, 2021
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate(1)				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Held-for-Investment at Sequoia:
Hybrid ARM loans
	$	—	to	$250	2	5.50	%	to	6.75%	2048-03	-	2048-09	$	397	$	191	$	—
	$	251	to	$500	3	3.25	%	to	3.63%	2047-04	-	2049-06	1,354		—		—
	$	501	to	$750	8	3.38	%	to	4.50%	2044-04	-	2049-08	5,321		—		—
	$	751	to	$1,000	8	3.13	%	to	5.00%	2047-06	-	2049-08	6,659		—		—
			over	$1,000	7	3.50	%	to	5.00%	2044-11	-	2050-01	8,934		—		—
					28								22,665		191		—
Fixed loans:
	$	—	to	$250	43	2.75	%	to	5.13%	2029-04	-	2051-06	$	8,630	$	—	$	—
	$	251	to	$500	162	2.50	%	to	6.13%	2033-06	-	2051-09	69,442		2,390		462
	$	501	to	$750	1,691	2.13	%	to	6.75%	2031-04	-	2051-12	1,093,766		10,894		3,498
	$	751	to	$1,000	1,497	2.13	%	to	6.25%	2036-12	-	2051-11	1,311,640		9,477		4,931
			over	$1,000	879	1.88	%	to	5.88%	2036-07	-	2051-11	1,099,328		8,508		6,233
					4,272								3,582,806		31,269		15,124
					4,300								$	3,605,471	$	31,460	$	15,124
Held-for-Investment at Freddie Mac SLST:
Fixed loans:
	$	—	to	$250	9,798	2.00	%	to	11.00%	2021-12		2061-10	$	1,224,173	$	222,541	$	114,622
	$	251	to	$500	2,141	2.00	%	to	7.75%	2035-08		2059-08	681,885		114,360		91,149
	$	501	to	$750	46	2.00	%	to	5.88%	2043-08		2059-01	25,165		3,127		7,190
			over	$1,000	1	4.00	%	to	4.00%	2056-03		2056-03	1,018		1,018		—
Total Held-for-Investment					11,986								$	1,932,241	$	341,046	$	212,961

(1)Rate is net of servicing fee for consolidated loans for which we do not own the MSR.

The following table displays the loan product type and accompanying loan characteristics of business purpose loans recorded on our consolidated balance sheets at December 31, 2022 and December 31, 2021.

Table 7.6 – Product Types and Characteristics of Business Purpose Loans

December 31, 2022
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
BPL Term Loans at Redwood:
Fixed loans:
	$	—	to	$250	13	4.25	%	to	7.88%	2048-11	-	2052-06	$	1,682	$	—	$	—
	$	251	to	$500	14	5.00	%	to	7.74%	2029-04	-	2052-07	5,014		—		—
	$	501	to	$750	11	4.65	%	to	8.44%	2021-08	-	2052-04	6,658		550		536
	$	751	to	$1,000	4	7.25	%	to	8.08%	2032-09	-	2033-01	3,724		—		—
			over	$1,000	49	3.75	%	to	8.47%	2025-08	-	2052-04	372,768		—		—
Total BPL term loans at Redwood:					91								$	389,846	$	550	$	536
BPL Term Loans CAFL:
Fixed loans:
	$	—	to	$250	5	4.54	%	to	6.27%	2022-11	-	2028-11	$	588	$	—	$	—
	$	251	to	$500	73	4.00	%	to	7.06%	2023-01	-	2032-04	31,725		—		711
	$	501	to	$750	181	4.12	%	to	7.04%	2022-11	-	2032-06	112,413		2,025		1,200
	$	751	to	$1,000	123	4.20	%	to	7.23%	2022-08	-	2032-07	107,097		—		1,856
			over	$1,000	749	3.81	%	to	7.57%	2022-06	-	2032-08	3,011,598		70,549		35,716
Total BPL Term loans at CAFL:					1,131								$	3,263,421	$	72,574	$	39,483
BPL Bridge Loans at Redwood
Fixed Loans:
	$	—	to	$250	155	6.25	%	to	11.25%	2020-12	-	2024-06	$	15,409	$	1,240	$	957
	$	251	to	$500	54	6.00	%	to	11.50%	2020-05	-	2024-06	19,745		—		1,290
	$	501	to	$750	20	6.50	%	to	11.00%	2021-02	-	2024-05	12,108		—		2,568
	$	751	to	$1,000	7	6.95	%	to	10.00%	2022-03	-	2023-06	6,375		—		980
			over	$1,000	25	6.95	%	to	10.00%	2020-07	-	2023-06	51,541		—		27,597
					261								105,178		1,240		33,392
Floating Loans:
	$	—	to	$250	1,086	9.37	%	to	11.37%	2021-10	-	2024-09	$	114,604	$	—	$	872
	$	251	to	$500	116	9.37	%	to	11.61%	2023-03	-	2024-09	45,290		—		—
	$	501	to	$750	8	9.37	%	to	11.61%	2023-05	-	2025-09	4,699		—		—
	$	751	to	$1,000	3	9.37	%	to	10.12%	2023-07	-	2024-05	2,754		—		—
			over	$1,000	127	8.27	%	to	11.87%	2023-01	-	2025-09	1,245,902		—		—
					1,340								1,413,249		—		872
Total BPL Bridge Loans at Redwood:					1,601								$	1,518,427	$	1,240	$	34,264
BPL Bridge Loans at CAFL:
Fixed loans:
	$	—	to	$250	513	6.30	%	to	11.24%	2022-05	-	2024-03	$	44,865	$	—	$	193
	$	251	to	$500	55	6.30	%	to	10.99%	2022-10	-	2023-09	17,677		300		—
	$	501	to	$750	15	6.30	%	to	10.49%	2022-12	-	2023-08	8,969		—		—
	$	751	to	$1,000	7	6.50	%	to	9.50%	2022-12	-	2023-06	6,152		—		—
			over	$1,000	15	6.75	%	to	9.99%	2022-11	-	2023-10	32,140		1,400		3,760
					605								109,803		1,700		3,953

December 31, 2022
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Floating Loans:
	$	—	to	$250	1,064	6.12	%	to	12.62%	2021-10	-	2024-11	$	131,492	$	—	$	2,040
	$	251	to	$500	112	8.12	%	to	11.37%	2021-10	-	2024-06	32,706		—		783
	$	501	to	$750	19	6.92	%	to	11.82%	2021-10	-	2024-11	11,595		—		552
	$	751	to	$1,000	9	9.87	%	to	11.37%	2023-04	-	2024-06	7,570		—		—
			over	$1,000	66	8.77	%	to	12.37%	2022-10	-	2025-03	221,500		3,988		—
					1,270								404,863		3,988		3,375
Total BPL Bridge Loans at CAFL:					1,875								$	514,666	$	5,688	$	7,328

December 31, 2021
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
BPL Term loans at Redwood:
Fixed loans:
	$	—	to	$250	74	3.75	%	to	7.75%	2048-11	-	2052-01	$	11,515	$	89	$	171
	$	251	to	$500	57	3.75	%	to	6.50%	2026-01	-	2052-01	21,284		—		—
	$	501	to	$750	28	3.75	%	to	6.70%	2021-01	-	2052-01	16,773		—		536
	$	751	to	$1,000	12	4.13	%	to	5.43%	2026-12	-	2052-01	9,764		—		—
			over	$1,000	74	3.38	%	to	7.15%	2020-01	-	2052-01	288,896		—		4,677
Total BPL Term Loans at Redwood:					245								$	348,232	$	89	$	5,384
BPL Term Loans at CAFL:
Fixed loans:
	$	—	to	$250	5	5.77	%	to	6.80%	2023-01	-	2024-04	$	398	$	20	$	—
	$	251	to	$500	73	4.64	%	to	7.03%	2022-02	-	2031-02	32,106		466		257
	$	501	to	$750	199	4.00	%	to	7.06%	2022-02	-	2031-10	123,685		717		1,224
	$	751	to	$1,000	134	4.20	%	to	7.23%	2022-03	-	2031-09	116,724		788		—
			over	$1,000	762	3.81	%	to	7.57%	2022-03	-	2030-10	3,068,036		26,481		40,518
Total BPL Term Loans at CAFL:					1,173								$	3,340,949	$	28,472	$	41,999
BPL Bridge Loans at Redwood
Fixed Loans:
	$	—	to	$250	115	5.95	%	to	12.00%	2019-08	-	2023-11	$	12,850	$	426	$	1,493
	$	251	to	$500	26	5.95	%	to	10.00%	2020-05	-	2023-09	9,294		253		1,619
	$	501	to	$750	13	6.70	%	to	10.00%	2021-02	-	2022-11	8,498		637		2,012
	$	751	to	$1,000	9	5.45	%	to	10.00%	2021-09	-	2022-10	7,544		980		—
			over	$1,000	24	5.45	%	to	10.00%	2020-07	-	2023-10	57,880		11,699		11,992
					187								96,066		13,995		17,116
Floating Loans:
	$	—	to	$250	737	4.25	%	to	10.00%	2019-08	-	2023-11	$	65,611	$	773	$	—
	$	251	to	$500	123	4.25	%	to	8.25%	2020-05	-	2023-12	42,248		—		—
	$	501	to	$750	9	5.75	%	to	8.60%	2021-03	-	2024-02	5,724		—		—
	$	751	to	$1,000	12	5.75	%	to	7.50%	2020-12	-	2024-02	10,200		945		916
			over	$1,000	66	4.90	%	to	9.50%	2021-03	-	2024-12	450,543		1,680		—
					947								574,326		3,398		916
Total BPL Bridge Loans at Redwood:					1,134								$	670,392	$	17,393	$	18,032
Bridge at CAFL:
Fixed loans:
	$	—	to	$250	808	5.45	%	to	10.65%	2022-01	-	2023-05	$	58,110	$	—	$	—
	$	251	to	$500	70	5.95	%	to	10.50%	2022-01	-	2023-03	23,488		—		—
	$	501	to	$750	24	5.95	%	to	9.99%	2022-01	-	2023-08	15,041		—		—
	$	751	to	$1,000	7	5.45	%	to	8.99%	2022-01	-	2023-04	6,375		—		—
			over	$1,000	11	6.25	%	to	9.00%	2022-01	-	2023-11	32,864		—		—
					920								135,878		—		—

December 31, 2021
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Floating Loans:
	$	—	to	$250	681	5.85	%	to	10.50%	2021-10	-	2023-09	$	77,001	$	2,091	$	—
	$	251	to	$500	13	5.95	%	to	8.35%	2021-10	-	2023-09	4,088		783		—
	$	501	to	$750	5	5.75	%	to	8.50%	2021-10	-	2023-10	3,097		552		—
	$	751	to	$1,000	3	6.75	%	to	7.25%	2022-04	-	2023-06	2,546		—		—
			over	$1,000	18	5.75	%	to	10.00%	2021-11	-	2023-12	52,007		—		—
					720								138,739		3,426		—
Total BPL Bridge Loans at CAFL:					1,640								$	274,617	$	3,426	$	—

The following table displays the loan product type and accompanying loan characteristics of multifamily loans recorded on our consolidated balance sheets at December 31, 2022.

Table 8.4 – Product Types and Characteristics of Multifamily Loans

December 31, 2022
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Fixed loans:
	$	10,001	to	$20,000	24	4.25	%	to	4.25%	2025-09	-	2025-09	$	358,419	$	—	$	—
	$	20,001	to	$30,000	4	4.25	%	to	4.25%	2025-09	-	2025-09	88,774		—		—
Total:					28								$	447,193	$	—	$	—

December 31, 2021
(In Thousands)
Loan Balance					Number of Loans	Interest  Rate				Maturity Date			Total Principal		30-89 Days DQ		90+ Days DQ
Fixed loans:
	$	10,001	to	$20,000	24	4.25	%	to	4.25%	2025-09	-	2025-09	$	364,811	$	—	$	—
	$	20,001	to	$30,000	4	4.25	%	to	4.25%	2025-09	-	2025-09	90,357		—		—
Total:					28								$	455,168	$	—	$	—