Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 139

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 2025 and December 31, 2024, accrued interest receivable related to our loans totaling $167.9 million and $154.4 million, respectively, was excluded from the estimate of credit losses and is included in other assets on the consolidated balance sheets. During the three months ended March 31, 2025, we wrote-off $3.3 million of interest receivable that was accrued at December 31, 2024.

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Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

All of our structured loans and investments are secured by real estate assets or by interests in real estate assets, and, as such, the measurement of credit losses may be based on the difference between the fair value of the underlying collateral and the carrying value of the assets as of the period end. A summary of our specific reserve loans considered impaired by asset class is as follows ($ in thousands): March 31, 2025Asset ClassUPB (1)CarryingValueAllowance forCredit LossesWtd. Avg. FirstDollar LTV RatioWtd. Avg. LastDollar LTV RatioMultifamily$541,758 $525,474 $70,287 0 %100 %Land134,215 127,868 77,869 0 %99 %Retail19,520 15,068 3,293 0 %87 %Commercial1,700 1,700 1,700 0 %100 %Total$697,193 $670,110 $153,149 0 %99 %December 31, 2024Multifamily$456,261 $444,400 $60,887 0 %99 %Land134,215 127,868 77,869 0 %99 %Retail19,520 15,068 3,293 0 %87 %Commercial1,700 1,700 1,700 0 %100 %Total$611,696 $589,036 $143,749 0 %99 %________________________(1)Represents the UPB of 28 and 27 impaired loans (less unearned revenue and other holdbacks and adjustments) by asset class at March 31, 2025 and December 31, 2024