Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 65

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 loans were modified from a weighted average pay rate and deferred rate of 6.22% and 1.38%, respectively, to a weighted average pay rate and deferred rate of 4.36% and 3.16%, respectively.The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during the three months ended September 30, 2024 (in thousands):Asset ClassPayment Deferrals With/Without Term Extensions (1)Term Extensions (2)Other (3)Total (4)(5)(6)Multifamily$710,667 $206,795 $236,850 $1,154,312 ________________________(1)These loans were modified to a weighted average pay rate and deferred rate of 6.01% and 2.58%, respectively, at September 30, 2024. A portion of these loans (total UPB of $618.8 million) were also modified to extend the weighted average term by 19.0 months. These modifications also include loans with a total UPB of $341.9 million in which the pay rate increases from time-to-time throughout the loans' maturities. (2)These loans were modified to extend the weighted average term by 12.0 months. (3)These loan modifications included amending certain terms, such as reallocating and/or replenishment of reserves.(4)The total UPB of these loan modifications was $1.15 billion at September 30, 2024 and represented 10.0% of our total Structured Business loan and investment portfolio at September 30, 2024.(5)At September 30, 2024, modified loans with a total UPB of $85.4 million have specific reserves totaling $8.1 million.(6)Includes loans with a total UPB of $327.2 million which were previously modified. Using the SOFR rate at September 30, 2024, these loans were modified from a weighted average pay rate and deferred rate of 7.99% and 0.40%, respectively, to a weighted average pay rate and deferred rate of 6.38% and 2.02%, respectively.The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during the nine months ended September 30, 2024 (in thousands):Asset ClassPayment Deferrals With/Without Term Extensions (1)Term