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Senior Notes, Loans Payable and Mortgage Repurchase Facilities (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Senior Notes, Loans Payable and Mortgage Repurchase Facilities
The Company’s outstanding senior notes (together, the “Senior Notes”) consisted of the following (in thousands):
June 30, 2025December 31, 2024
5.250% Senior Notes due June 1, 2027
$300,000 $300,000 
5.700% Senior Notes due June 15, 2028
350,000 350,000 
Deferred loan costs(2,947)(3,466)
Total$647,053 $646,534 
The Company’s outstanding loans payable consisted of the following (in thousands):
June 30, 2025December 31, 2024
Term loan facility$250,000 $250,000 
Seller financed loans12,921 20,970 
Total$262,921 $270,970 
Schedule of Repurchase Agreements
The following table provides a summary of Tri Pointe Connect’s Repurchase Agreements as of June 30, 2025 ($ in thousands):
FacilityOutstanding BalanceFacility AmountInterest RateExpiration DateCollateral (1)
Warehouse A$54,946 $100,000 
Term SOFR + 1.75%
4/22/2026Mortgage Loans
Warehouse B (2)44,076 50,000 
Term SOFR + 1.75%
7/30/2025Mortgage Loans
Warehouse B (2)— 50,000 
Term SOFR + 1.75%
On DemandMortgage Loans
Total$99,022 $200,000 
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(1) Mortgage loans held for sale consist of single-family residential loans collateralized by the underlying property. Generally, all of the loans originated by us are sold in the secondary mortgage market within 30 days after origination. As of June 30, 2025, mortgage loans held for sale had an aggregate fair value of $104.9 million.
(2) Warehouse B is a $100 million facility, of which $50 million is committed and $50 million is uncommitted.

On April 23, 2025, we amended our Warehouse A facility to increase the total commitment by $20 million to $100 million and to extend the expiration date to April 22, 2026. On May 30, 2025, we amended our Warehouse B facility to extend its expiration date to July 30, 2025.