Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 197

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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2025, we charged off $16.6 million and $25.0 million, respectively, of CECL reserves and recovered $0.7 million for the nine months ended September 30, 2025. Additionally, we recognized a loss of $1.7 million, which was recorded through (loss) gain on real estate on the consolidated statements of income during the nine months ended September 30, 2025.During the three and nine months ended September 30, 2025, we sold one and four multifamily REO assets, respectively, for $10.1 million and $94.1 million, respectively, and during the nine months ended September 30, 2025, repaid mortgage notes outstanding of $49.1 million. During the three and nine months ended September 30, 2025, we recognized a loss of $0.2 million and a gain of $1.6 million, respectively, excluding the loss associated with the significant financing component discussed below. Additionally, we provided new bridge loan financing to the new borrowers totaling $10.1 million and $93.6 million, respectively. The bridge loans bear interest as follows: One loan has a fixed rate of 4.75% for the first year, 5.50% for the second year and 6.00% for the third year, one loan bears interest at a rate of SOFR plus 2.00%, one loan bears interest at a rate of 7.32%, subject to a floor of SOFR plus 3.00%, and one loan bears interest at a rate of 5.00% subject to a floor of SOFR plus 0.50% in the first year, 5.60% subject to a floor of SOFR + 1.10% in the second year and 6.00% subject to a floor of SOFR plus 1.50% in the third year. Three of the new financings provided were deemed to be a significant financing component of the transactions and, as a result, for the three and nine months ended September 30, 2025, we recorded a loss and corresponding liability of $0.4 million and $3.2 million, respectively, as an adjustment to the purchase price, which will be 

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

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