- CEO
- Jason T. Serrano
- Full Time Employees
- 70
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 90 Park Avenue New York City NY United States of America 10016
- IPO Date
- Sep 26, 2003
- Business
- New York Mortgage Trust, Inc. (Nasdaq: NYMTG) operates as a real estate investment trust (REIT) that acquires, invests in, finances, and manages a diversified portfolio of residential mortgage-related and financial assets, primarily within the United States; its core investments include fixed-rate and adjustable-rate residential mortgage-backed securities (RMBS), credit risk transfer securities, mortgage servicing rights (MSRs), whole mortgage loans, business purpose loans, distressed residential loans, second mortgages, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans and preferred equity investments in multi-family property owners, and equity and debt securities in residential and commercial real estate entities. The company, founded in 1997 and headquartered at 90 Park Avenue, 23rd Floor, New York, New York, leverages a mortgage warehouse lending program to provide short-term financing to mortgage originators, enhancing access to whole loans and non-agency RMBS; it is externally managed by NYMT Advisors LLC and targets risk-adjusted returns through quantitative analytics, credit underwriting, and hedging strategies across prime, Alt-A, and non-performing loan portfolios. In July 2025, the company acquired the remaining 50% stake in Constructive Loans, LLC, a business purpose lending platform with $1.7 billion in annual originations since its 2017 founding, following an initial 2021 investment, to expand origination capabilities, diversify recurring income, and strengthen residential credit market presence through vertical integration. In September 2025, New York Mortgage Trust completed a corporate rebrand to Adamas Trust, Inc., effective September 3, alongside Nasdaq ticker changes, a new website launch, and portfolio realignment that expanded interest income by 55% via focus on Agency RMBS and $2.8 billion in 2025 asset acquisitions, including $2.1 billion in residential assets representing a 164% quarterly increase.