Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 181

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 UPB of $341.9 million in which the pay rate increases from time-to-time throughout the loans' maturities. (2)These loans were modified to extend the weighted average term by 12.0 months. (3)These loan modifications included amending certain terms, such as reallocating and/or replenishment of reserves.(4)The total UPB of these loan modifications was $1.15 billion at September 30, 2024 and represented 10.0% of our total Structured Business loan and investment portfolio at September 30, 2024.(5)At September 30, 2024, modified loans with a total UPB of $85.4 million have specific reserves totaling $8.1 million.(6)Includes loans with a total UPB of $327.2 million which were previously modified. Using the SOFR rate at September 30, 2024, these loans were modified from a weighted average pay rate and deferred rate of 7.99% and 0.40%, respectively, to a weighted average pay rate and deferred rate of 6.38% and 2.02%, respectively.The following table represents the UPB of loan modifications, as of the modification date, made to borrowers experiencing financial difficulty during the nine months ended September 30, 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)(7)Multifamily$2,105,792 $878,748 $18,400 $574,492 $3,577,432 Single-Family Rental74,078 — — — 74,078 Total UPB$2,179,870 $878,748 $18,400 $574,492 $3,651,510 ________________________(1)These loans were modified to a weighted average pay rate and deferred rate of 6.40% and 2.22%, respectively, at September 30, 2024. A significant portion of these loans (total UPB of $1.62 billion) were also modified to extend the weighted average term by 19.5 months. These modifications also include loans with a total UPB of $341.9 million in which the pay rate increases from time-to-time throughout the loans' maturities. (2)These loans were modified to extend