us call. today's on and joining Paul, for you, everyone Thank to thanks
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Turning first performance. now our to quarter
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escrow a rates. our acts generated cash on natural also We and balances, significant which heads interest earnings against as
continue fully now something our around balance gross we lights and to $XXX we product, to majority $XXX are cash us book In earning reflected not completely long-dated which we our is on roughly of income of balances sheet focus vast total approximately This and million bridge annual which of million strong on The allowing a emphasize the extremely agency and In is servicing earnings day. our with converting XX% turn on combined in fact, our platform annuity on our loans balance on before annually, of $X.X X% business, generates is total delever produce each significant share. our billion $X.XX loan and addition our or we even that into through originations streams. from income business sale generate we to is revenues. being This is valuation. occurs important working gain net the agency in unique multifamily sheet to margins our feel platform
and quarter, we sheet produced million into of XX% recaptured $XXX million interest XX-year in away In accelerate to chipping we rates. runoff, agency we originations. will point or will back high today's meaningful new converting are the the process gets which become loans With $XXX another of it rates, balance at roughly first loan But X% far From more drop if X.XX significantly. conversion to there agencies. interest this every again,
we positioned to the touched opportunities step back to grow As platform. well garner lending we accretive on our continue are quarter, the last market and into
us We $XX to commitments and million signed of great million a to to be type a that future of with some agency these you which can we're In business, grow the sheet up our off up. will and fundings continue of in. year returns, single-family quarter and we of start lender believe the to this the traffic premium allow in $XXX quality pipeline markets, had our our very the highest of balance loans another with deals. million in as we markets leader We rental build attractive first $XX strong originate of choice
have level providing also large in X offers the through We committed us and returns term short permanent lending while and our it this streams. of significant income remain turns and business, generate a bridge our pipeline opportunities on capital further to by diversifying construction benefits long-term strong and
added the initially newly mid- are a This this We produce very see to we also once construction generating leverage accretive on starting high we to our about our lending returns opportunities believe by our can business. excited capital capital unlevered business. we to very returns returns and in eventually we're on XX% business XX% is
product screening. us to opportunities. We potential our agency additional through million number We LOIs deals in $XXX lending X currently of very $XXX offers a capital it our this roughly construction, our we are and application, have under in net on as pipeline with another bridge platform believe of increase permanent see appropriate a for started turns and million is nice deals
are that we ahead feel through to manage working very had we We very this summary, positioned. well and very of lie exceptionally a dislocation. and the first the we challenges understand productive In quarter, are well balance hard
run rate. Our earnings our dividend exceeded
class We structures, with very current a asset nonrecourse liability are with invested is market. well pricing highlighted that by of in significant stable the CLO amount debt on mark-to-market right the below
manage to and asset in liquidity and management capitalized best-in-class space. top confidence company seasoned the our continue executive us We significant function team with are have performer and the through well in the giving to be our cycle ability also
will turn and Paul call I through now the take you financial the results. to over
