will loans; you financial Good our and our will course, look And to while remarks. your overview afternoon, thank originating begin I everyone our questions of we end and to forward portfolio, fourth I initiatives, on resumption the the for our strategic and of for of quarter. our Dave Bryant at call. operating provide our discuss an event. Today joining prepared significant year a by statements results of want post highlighting updates
Corp. the symbol on transition name. York became As is platforms network the Capital final Realty bringing was listed the to New ACRES Corp. the of in ACR. the This the step February by the ACRES ACRES together under under Exchange XX, and Exantas strategic Exantas Commercial Stock of
help and discussed the marked nationwide XXXX. a commercial significant solution will since ACRES first milestone loans market and during to an the achieve As loan Exantas's overtime. middle previously, us be for to fourth our we originating accelerate March end-to-end began again, platforms quarter goal when borrowers estate real originations our complementary the We
one assets the a LTV with and investments. across loans coupon The are at by During in average were estate commercial $X.X ended development weighted plus portfolio quarter of ACRES two and with relatively $XX.X loans these issued billion multi-family hospitality refinanced, XX% XX the of X.XX%. selective loan for significantly real time individual loans this collateralized million; we're line five carry of Capital mix LIBOR company closed month and These in loans. properties, whole we a
were while performing of only As of January were the loans X% XX% delinquent. XXXX,
and to this ability the assets believe our speaks of fourth the and portfolio. Additionally, we of health during down paid quarter, uncertain borrowers loans, in refinance quality borrowers to loan the of to that or fully repaid a sponsors XX their million $XXX the underlying continue our environment
of of terms approximately and is of in diversified of of the property one-third no type. and in XX% comprises our well both, was growth our Texas, more high loans, portfolio Outside the the asset resilient which of during geographic is than portfolio, region the challenges portfolio pandemic other self-storage state XX% the concentration Our and remainder of been southern split United assets. most office, the has classes one while States. is of Multi-family, the hotel, between
held created quarter, plan specific our We our dive a watch entire a remaining list. for on California. last deep discussed the As asset took hotel in each last a asset we into for portfolio asset sold sale, and
We loans an on million was upon in also basis. select $XX of valued received approximately of lieu foreclosure deed at the cost excess a which acquisition, a service hotel
made determine will we'll As forward on and accordingly. plan optimal this we progress was the report the with vaccine asset rollout
progress sequential position. of X.X the balance third At down made quarter. total was leverage year-end, to liquidity end total and times our our regarding equity, X.X have We debt times sheet at from ratio the
In terms down of recourse X.X debt, X.X leverage times. was from times,
ideal million $XX additional $X capital net on of overall common of target sponsorship. As secured and working facilities, notes At and to and and we XXXX actively repurchases. location, behalf focused real senior February, loans XX, of unsecured of $XXX had of senior on financing now is financing December of was comprising and assets financing new originating ACRES deploy network capacity term combination finding million of liquidity, different reserve underwriting estate the facility loan stock end are billion into the commercial warehousing available. ACRES three the a The opportunities company,
are $XXX previously, XXXX loan closing estate originations already of $XX.X momentum, in As the that real November to Building on of million approaching our quarter million loans. restarted commercial first during date. mentioned we XXXX originations
As we to are originations. opportunities we will confident increase we our see to that to strategy, continue execute continue
and such quality moderate to there a point, these seen multi-family for are particularly of in To been is office. hospitality that in of fair amount competition more of market spreads spread loans, terms sectors but types as we and In have opportunities industrial. also that wider compression assets high COVID-related in we as have seeing offer that segments such the dynamics, challenges resilient
focus sponsors, selective of source and markets quality, to and remain opportunities. mix will believe credit on will and we continue We attractive a
using about the confident enhanced through market the As XXXX, capital and deploy the to are capitalization. network we we ACRES move
the Our on on actively originations priorities managing our to loans continuing pursue in risk-adjusted appropriate focus with portfolio remain and returns.
and experienced am have disciplined by We our underwriting approach, progress highly and an pipeline I a team year-to-date. our encouraged loans closing and
In addition, market CLO months of coming possibility opportunity based the we exploring are the upon structuring in weighing a conditions. the
to to forward on going look reporting will our We activity forward. you
Dave our CFO, our have operating during now and will the discuss financial statements results Bryant quarter. We
