Real Estate Owned (REO) |
6 Months Ended | ||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||
| Real Estate Owned, Disclosure of Detailed Components [Abstract] | |||||||||||||||||||||||||||||
| Real Estate Owned (Reo) | NOTE 5 – REAL ESTATE OWNED (REO) REO transactions and valuation adjustments during the six months ended June 30 are summarized in the following tables ($ in thousands).
RMI IX had no REO in 2025. The single property in San Mateo County (a vacated restaurant) with a net carrying value of approximately $756 thousand, acquired by foreclosure sale on January 7, 2026 was sold on May 15, 2026 at $1.1 million with a gain on sale of $309 thousand. Another single property in San Francisco County (a three-unit mixed use building) with a net carrying value of approximately $1.0 million was acquired at foreclosure sale on July 9, 2026. |
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