Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 151

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 151
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audited)

A summary of the changes in the allowance for credit losses for our securities held-to-maturity is as follows (in thousands):Three Months Ended March 31, 2025APL CertificatesB Piece BondsTotalBeginning balance$1,658 $9,188 $10,846 Provision for credit loss expense/(reversal)1 (80)(79)Ending balance$1,659 $9,108 $10,767 Three Months Ended March 31, 2024Beginning balance$2,272 $3,984 $6,256 Provision for credit loss expense/(reversal)(115)1,456 1,341 Ending balance$2,157 $5,440 $7,597 The allowance for credit losses on our held-to-maturity securities consists of (1) a general reserve estimated on a collective basis by major security type and was based on a reasonable and supportable forecast period and a historical loss reversion for similar securities, and (2) a specific reserve for underlying loans that are probable of, or are, in foreclosure. The issuers continue to make timely principal and interest payments and we continue to accrue interest on all our securities.We recorded interest income (including the amortization of discount) related to these investments of $3.7 million during both the three months ended March 31, 2025 and 2024.

Note 8 — Investments in Equity Affiliates

We account for all investments in equity affiliates under the equity method. A summary of these investments is as follows (in thousands):Investments in Equity Affiliates atUPB of Loans to Equity Affiliates at March 31, 2025Equity Affiliates March 31, 2025December 31, 2024Arbor Residential Investor LLC$21,990 $23,868 $— Fifth Wall Ventures15,794 14,490 — AMAC Holdings III LLC15,370 15,413 35,067 AWC Real Estate Opportunity Partners I LP14,877 13,562 108,450 ARSR DPREF I LLC5,698 5,603 — Lightstone Value Plus REIT L.P.1,895 1,895 — The Park at Via Terrossa596 606 21,845 Docsumo Pte. Ltd.450 450 — JT Prime