Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 138

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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 (1)(4,000)— — — — — (4,000)Ending balance$150,911 $78,000 $6,524 $3,293 $1,700 $509 $240,937 Three Months Ended March 31, 2024Allowance for credit losses:Beginning balance$110,847 $78,058 $1,624 $3,293 $1,700 $142 $195,664 Provision for credit losses (net of recoveries)16,652 62 1,113 — — (49)17,778 Charge-offs(1,500)— — — — — (1,500)Ending balance$125,999 $78,120 $2,737 $3,293 $1,700 $93 $211,942 ________________________(1)Represents the allowance for credit losses on a multifamily bridge loan and a multifamily mezzanine loan that was charged-off in connection with the foreclosure of the underlying collateral as real estate owned ("REO") assets at fair value.During the three months ended March 31, 2025 and 2024, we recorded a $6.0 million and a $17.8 million provision for credit losses, net of recoveries, on our structured portfolio, respectively. The additional provision for credit losses during the three months ended March 31, 2025 was primarily attributable to specifically impaired multifamily loans, partially offset by improvements in the macroeconomic outlook of the commercial real estate market. Our estimate of allowance for credit losses on our structured portfolio, including related unfunded loan commitments, was based on a reasonable and supportable forecast period that reflects recent observable data, including price indices for commercial real estate, unemployment rates, and interest rates.The expected credit losses over the contractual period of our loans also include the obligation to extend credit through our unfunded loan commitments. Our current expected credit loss (“CECL”) allowance for unfunded loan commitments is adjusted quarterly and corresponds with the associated outstanding loans. At March 31, 2025 and December 31, 2024, we had outstanding unfunded commitments of $2.17 billion and $2.20 billion, respectively, that we are obligated to fund as borrowers meet certain requirements. The outstanding unfunded commitments are predominantly related to our SFR build-to-rent business.At March 31,