Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 52

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 conditional forbearance of foreclosure and temporarily delaying past due interest payments.(3)The total UPB of the loan modifications made during the first quarter of 2025 was $949.8 million at March 31, 2025 and represents 8.27% of our total Structured Business loans and investments portfolio at March 31, 2025.(4)At March 31, 2025, a modified loan with a UPB of $25.5 million has a specific reserve of $5.2 million.During the three months ended March 31, 2025, we recorded $3.8 million of deferred interest on the loans that we modified in the first quarter of 2025 and $9.1 million for loans previously modified. At March 31, 2025, we have recorded deferred interest totaling $74.2 million on all modified loans to borrowers experiencing financial difficulty, which is included in other assets on the consolidated balance sheets.The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during the three months ended March 31, 2024 (in thousands):Asset ClassPayment Deferrals With/Without Term Extensions (1)Term Extensions (2)Rate Reduction Without Term Extension (3)Other (4)Total (5)(6)Multifamily$1,071,069 $456,548 $18,400 $217,850 $1,763,867 ________________________(1)These loans were modified to a weighted average pay rate and deferred rate of 6.96% and 2.09%, respectively, at March 31, 2024. A portion of these loans with a total UPB of $671.0 million were also modified to extend the weighted average term by 23.0 months. (2)These loans were modified to extend the weighted average term by 9.3 months. (3)This loan was modified to reduce the weighted average interest rate by 0.72%.(4)These loan modifications included amending certain terms, such as reallocating and/or replenishment of reserves.(5)The total UPB of the loan modifications made during the first quarter of 2024 was $1.76 billion at March 31, 2024 and represented 14.40% of our total Structured Business loans and investments portfolio at March 31, 2024.(6)At March 31, 2024, modified loans