---
schema_version: "secwatch.filing_event.v1"
accession: "0001273685-25-000065"
form_type: "8-K"
ticker: "ADAM"
cik: "0001273685"
company_name: "ADAMAS TRUST, INC."
filed_at: "2025-07-15T23:59:59+00:00"
generated_at: "2026-05-18T06:26:13.550037+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NYMT acquires remaining 50% stake in Constructive Loans, boosting business-purpose lending platform

## Summary
- All-cash acquisition of remaining 50% ownership in Constructive Loans, a business-purpose loan originator.
- Constructive originated >$1.7B in loans in LTM ended June 30, 2025.
- Constructive operates as independent subsidiary; leadership team remains in place.
- Builds on 2021 initial investment; part of strategy to diversify recurring earnings.

## SEC filing metadata
- accession: 0001273685-25-000065
- form_type: 8-K
- ticker: ADAM
- cik: 0001273685
- company_name: ADAMAS TRUST, INC.
- filed_at: 2025-07-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1273685/000127368525000065/0001273685-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273685/000127368525000065/nymt-20250715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273685-25-000065
- JSON: https://secwatch.observer/filing/0001273685-25-000065.json
- Plain text: https://secwatch.observer/filing/0001273685-25-000065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.