Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 256

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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 taxation, and as a result of the complexity of the legislation and the evolving nature of its implementation, it is difficult to predict the effects of this legislation on our business, financial condition, results of operations or the real estate markets in general.

Changes in Financial Condition

Assets — Comparison of balances at September 30, 2025 to December 31, 2024:

Our Structured loan and investment portfolio balance was $11.71 billion and $11.30 billion at September 30, 2025 and December 31, 2024, respectively. This increase was primarily due to loan originations exceeding loan runoff by $744.5 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 6.64% and 6.90% at September 30, 2025 and December 31, 2024, respectively. Including certain fees earned and costs, the weighted average current interest rate was 7.27% and 7.80% at September 30, 2025 and December 31, 2024, respectively. Our debt that finances our Structured loan and investment portfolio totaled $9.93 billion and $9.46 billion at September 30, 2025 and December 31, 2024, respectively, with a weighted average funding cost of 6.39% and 6.55%, respectively, which excludes financing costs. Including financing costs, the weighted average funding rate was 6.72% and 6.88%, at September 30, 2025 and December 31, 2024. respectively.

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

Three Months Ended September 30, 2025Nine Months Ended September 30, 2025Loans originated$956,741 $2,420,406 Number of loans3069Weighted average interest rate8.76%8.72%Loan runoff$734,209 $1,675,859 Number of loans2796Weighted average interest rate8.53%8.57%Loans modified$808,588 $2,010,323 Number of loans19 48Loans extended$1,333,083 $3,834,270 Number of loans81221

Loans held-for-sale from the Agency Business decreased $116.6