Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 251

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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 the underlying collateral, partially offset by the sale of three multifamily properties.

Liabilities – Comparison of balances at June 30, 2025 to December 31, 2024:

Credit and repurchase facilities increased $1.16 billion, primarily due to refinancing loans from the unwind of two CLOs with our new $1.15 billion repurchase facility and loan originations exceeding runoff in our Structured Business, partially offset by transferring loans into BTR CLO 1.

Securitized debt decreased $1.11 billion, primarily due to the unwind of CLO 14 and CLO 19 totaling $1.08 billion and paydowns on our existing securitizations of $519.7 million, partially offset by the issuance of BTR CLO 1 where we issued $491.4 million of notes to third-party investors.

Mortgage notes payable — real estate owned increased $109.7 million, primarily due to the addition of mortgage notes payable totaling $158.9 million on new REO assets and financing received on an existing REO asset, partially offset by the payoff of $49.1 million of mortgage notes payable associated with the sale of REO assets. 

Other liabilities decreased $28.6 million, primarily due to payments of accrued incentive compensation and commissions during the first half of 2025, related to 2024 performance, a decrease in accrued interest payable as a result of the unwind of CLOs and paydowns on remaining securitizations and lower current tax liabilities.

57

Equity

See Note 16 for details of our issuances of common stock, dividends declared and deferred compensation transactions.

Agency Servicing Portfolio

The following table sets forth the characteristics of our loan servicing portfolio collateralizing our mortgage servicing rights and servicing revenue ($ in thousands):

June 30, 2025ProductPortfolio UPBLoan CountWtd. Avg. Age of Portfolio (years)Wtd. Avg. Life of Portfolio (years)Interest Rate TypeWtd. Avg. Note RateAnnualized Prepayments as a % of Portfolio (1)Delinquencies as a % of Portfolio (2)FixedAdjustableFannie Mae$22,999,772 2,6604.15.997 %3 %4.64 %3.39 %2.09 %Freddie Mac6,100,091 1,1353.56.587 %13 %4.96 %5.01 %