Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 86

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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2028.(11)This facility was amended to temporarily increase its original amount of $500.0 million to $1.00 billion through September 2025, and subsequently to $750.0 million through November 2025.(12)This facility matured in October 2025 and was not renewed.Structured BusinessAt September 30, 2025 and December 31, 2024, the weighted average interest rate for the credit and repurchase facilities of our Structured Business, including certain fees and costs, such as structuring, commitment, non-use and warehousing fees, was 7.03% and 7.43%, respectively. The leverage on our loan and investment portfolio financed through our credit and repurchase facilities, excluding the securities repurchase facility and the working capital facility, was 68% and 67% at September 30, 2025 and December 31, 2024, respectively.In September 2025, we amended the interest rate on a loan specific credit facility to SOFR plus 1.85% with a floor of 2.20% and extended the maturity to August 2026.In August 2025, we amended a $1.00 billion repurchase facility to allow loans over 60 days delinquent to remain in the facility for up to two years. Permitted delinquent loans have an interest rate of SOFR plus 3.00% and can comprise up to 10% of the outstanding facility balance, or up to 15% at the lender's discretion. In July 2025, we amended a $2.00 billion joint repurchase facility, shared by the Structured and Agency businesses, to reduce the facility size to $1.50 billion and extended the maturity to July 2027, with a one-year extension option. In May 2025, we amended the interest rate on a $150.0 million repurchase facility to SOFR plus 2.50%, with an all-in floor of 5.50%, from SOFR plus 3.00%, with an all-in floor of 5.50%, contingent upon certain designated loans remaining in the facility through August 2025. In March 2025, we entered into a $1.15 billion repurchase facility to finance the loans primarily held in our CLOs. This facility has a 24-month reinvestment period through March 2027. The facility has an interest rate of SOFR plus 1.85% and matures at