Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 50

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 consideration payable to customers.First quarter of 2027, with early adoption permittedWe currently do not have any transactions that fall under the scope of this ASU.In May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity. This ASU addresses concerns about inconsistent accounting outcomes in business combinations involving VIEs. Under current GAAP, the primary beneficiary of a VIE is automatically deemed the accounting acquirer in a business combination, regardless of transaction structure. The ASU revises this approach by requiring entities to assess specific criteria to determine the appropriate accounting acquirer when the following conditions are met: (1) the transaction is primarily effected through the exchange of equity interests, (2) the legal acquiree is a VIE, and (3) the legal acquiree qualifies as a business under ASC 805. The ASU is to be applied prospectively.First quarter of 2027, with early adoption permittedWe currently do not have any transactions that fall under the scope of this ASU.Significant Accounting PoliciesSee Item 8 – Financial Statements and Supplementary Data in our 2024 Annual Report for a description of our significant accounting policies. There have been no significant changes to our significant accounting policies since December 31, 2024.

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

Note 3 — Loans and Investments

Our Structured Business loan and investment portfolio consists of ($ in thousands):September 30, 2025Percent ofTotalLoanCountWtd. Avg.Pay Rate (1)Wtd. Avg.RemainingMonths toMaturity (2)Wtd. Avg.First DollarLTV Ratio (3)Wtd. Avg.Last DollarLTV Ratio (4)Bridge loans (5)$11,039,847 94 %5546.57 %11.80 %78 %Mezzanine loans291,405 2 %627.47 %53.658 %78 %Preferred equity investments189,697 2 %326.79 %48.162 %80 %Construction - multifamily187,813 2 %89.43 %26.80 %79 %Total UPB11,708,762 100 %