Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 138

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 138
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 at June 30, 2025 and December 31, 2024, respectively. This increase was primarily due to loan originations exceeding loan runoff by $522.0 million (see below for details), partially offset by loans we foreclosed on and received ownership of the underlying collateral as REO assets. 

The portfolio had a weighted average current interest pay rate of 7.03% and 6.90% at June 30, 2025 and December 31, 2024, respectively. Including certain fees earned and costs, the weighted average current interest rate was 7.86% and 7.80% at June 30, 2025 and December 31, 2024, respectively. Our debt that finances our Structured loan and investment portfolio totaled $9.61 billion and $9.46 billion at June 30, 2025 and December 31, 2024, respectively, with a weighted average funding cost of 6.52% and 6.55%, respectively, which excludes financing costs. Including financing costs, the weighted average funding rate was 6.88% at both June 30, 2025 and December 31, 2024.

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Activity from our Structured Business portfolio is comprised of the following ($ in thousands):

Three Months Ended June 30, 2025Six Months Ended June 30, 2025Loans originated$716,544 $1,463,665 Number of loans1939Weighted average interest rate8.75%8.69%Loan runoff$519,709 $941,650 Number of loans4169Weighted average interest rate8.63%8.59%Loans modified$251,905 $1,201,735 Number of loans8 29Loans extended$1,231,786 $2,501,187 Number of loans77140

Loans held-for-sale from the Agency Business decreased $74.3 million, primarily from loan sales exceeding originations by $74.9 million as noted in the following table. Activity from our Agency Business portfolio is comprised of the following (in thousands):

Three Months Ended June 30, 2025Six Months Ended June 30, 2025Loan OriginationsLoan SalesLoan OriginationsLoan SalesFannie Mae$683,206 $657,305 $1,041,017 $1,013,021 Freddie Mac150,339 114,464