Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 250

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 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 Mac150,339 114,464 328,359 412,949 Private Label— — 44,925 — FHA— 18,366 16,041 85,908 SFR - Fixed Rate23,552 16,885 32,663 25,996 Total$857,097 $807,020 $1,463,005 $1,537,874 

Investments is equity affiliates decreased $4.5 million, primarily due to distributions totaling $8.5 million received from our investments in a residential mortgage banking business, AWC and Fifth Wall and losses totaling $3.3 million from the residential mortgage business and AMAC III investments, partially offset by contributions totaling $6.5 million made for our investments in AWC, Fifth Wall and AMAC III.

Real estate owned increased $188.6 million, primarily due to the foreclosure of ten multifamily bridge loans, through which we took back