First Foundation Investor Presentation Deck
Conservative Portfolio of Residential Loans
Multifamily Loan Characteristics (1)
Average Loan Size
Average LTV(2)
Average DSCR (3)
% Delinquent
■
■
■
1)
2)
3)
$3.28 Million
4)
54%
1.42x
0.00%
Single Family Real Estate Loan Characteristics (1)
Average Loan Size(5)
Average LTV(2)
Median FICO (4)
% Delinquent
$678 Thousand
49%
Conservative underwriting to in-place rents and higher of market or actual vacancy and expenses.
No multifamily charge-offs since FFB's creation in 2007.
764
0.40%
High credit quality with consistently low LTVs for both multifamily and single family loans and strong DSCR ratios
on multifamily loans.
Strong single family borrower characteristics with high FICO scores and larger loan balances.
Data as of June 30, 2023, unless otherwise noted.
Loan-to-Value ("LTV") at time of origination.
Debt Service Coverage Ratio ("DSCR") represents the actual fully amortizing DSCR based on the initial interest rate, loan amount and property's Net Operating Income ("NOI") at
time of origination.
Median FICO based on lowest median score of the borrowing entities associated with each loan at time of origination. FICO data at time of origination not available on ~6% of
portfolio related to loans originated by acquired banks.
5) Excludes zero balance HELOCS.
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