Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 193

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 193
---
 of the loans. The net losses of these transactions were recorded through (loss) gain on real estate on the consolidated statements of income.See Note 3 for details of properties foreclosed and sold within the same reporting period. At June 30, 2025 and December 31, 2024, we had mortgage notes payable totaling $184.6 million and $74.9 million, respectively, which are collateralized by our REO assets. Interest rates on the mortgage notes range from PRIME plus 1.35% to SOFR plus 3.25%, with maturities spanning from September 2025 to June 2027.At June 30, 2025 and December 31, 2024, our multifamily REO properties had a weighted average occupancy rate of approximately 41% and 77%, respectively. At both June 30, 2025 and December 31, 2024, both our office buildings were vacant.We recorded depreciation expense related to the REO assets of $4.8 million and  $7.5 million for the three and six months ended June 30, 2025, respectively, and $0.6 million and $1.4 million for the three and six months ended June 30, 2024, respectively.

25

Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 10 — Debt Obligations

Credit and Repurchase FacilitiesBorrowings under our credit and repurchase facilities are as follows ($ in thousands):June 30, 2025December 31, 2024CurrentMaturityExtendedMaturityDebtCarryingValue (1)CollateralCarryingValueWtd. Avg.Note Rate (2)DebtCarryingValue (1)CollateralCarryingValueStructured Business$1.9B joint repurchase facility (3)Jul. 2025 (11)Jul. 2026 (11)$810,567 $1,332,963 6.79%$657,690 $1,104,791 $1.15B repurchase facility (10)N/A1,076,935 1,368,645 6.26%— — $1B repurchase facility (3)Aug. 2025Aug. 2026153,704 233,399 6.84%215,459