Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 198

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 198
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 into interest income over the life 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 September 30, 2025 and December 31, 2024, we had mortgage notes payable totaling $190.7 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 December 2025 to June 2027.At September 30, 2025 and December 31, 2024, our multifamily REO properties had a weighted average occupancy rate of approximately 37% and 77%, respectively. At both September 30, 2025 and December 31, 2024, both our office buildings were vacant.We recorded depreciation expense related to the REO assets of $4.3 million and  $11.8 million for the three and nine months ended September 30, 2025, respectively, and $0.8 million and $2.1 million for the three and nine months ended September 30, 2024, respectively.Subsequent Event. In October 2025, we foreclosed on five loans with a total UPB of $127.4 million that have specific reserves totaling $17.8 million.

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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):September 30, 2025December 31, 2024CurrentMaturityExtendedMaturityDebtCarryingValue (1)CollateralCarryingValueWtd. Avg.Note Rate (2)DebtCarryingValue (1)CollateralCarryingValueStructured Business$1.4B joint repurchase facility (3)Jul. 2027Jul. 2028$644,810 $1,131,737 6.90%$657,690 $1,104,791 $1.15B repurchase facility (10)N/A1,007,631 1,309,997 6.06%—