Company: ABR-PF
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001628280-25-007183
Chunk: 78

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 78
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, 2024 and 2023, respectively, with a weighted average funding cost of 6.55% and 7.14%, respectively, which excludes financing costs. Including financing costs, the weighted average funding rate was 6.88% and 7.45% at December 31, 2024 and 2023, respectively.

Activity from our Structured Business portfolio is comprised of the following ($ in thousands):

Year Ended December 31,20242023Loans originated$1,425,799 $983,343 Number of loans170150Weighted average interest rate8.93 %10.03 %Loan runoff$2,691,583 $3,354,055 Number of loans156187 Weighted average interest rate8.51 %9.21 %Loans modified$4,118,117 $398,461 Number of Loans1065Loans extended$5,998,103 $1,744,127 Number of loans31864 

Loans held-for-sale from the Agency Business decreased $115.9 million, primarily from loan sales exceeding originations as noted in the following table. Activity from our Agency Business portfolio is comprised of the following (in thousands):

Year Ended December 31, 2024Loan OriginationsLoan SalesFannie Mae$2,374,040 $2,680,018 Freddie Mac1,770,976 1,662,010 Private Label151,936 124,286 FHA146,507 116,058 SFR - Fixed Rate27,314 27,314 Total$4,470,773 $4,609,686 

Capitalized mortgage servicing rights decreased $22.6 million, primarily due to amortization and prepayment write-downs totaling $76.9 million exceeding additions from new originations of $54.3 million.

Real estate owned, net increased $89.6 million, primarily from the foreclosure of three structured bridge loans where we took back the underlying collateral as REO assets.

Due from related party decreased $51.6 million, primarily due to funds from loan payoffs being remitted to us by our affiliated servicing operations related to real estate transactions.

Other assets increased $78.2 million, primarily due to additional fundings of unsecured line of credit loans totaling $41.7 million and an increase in deferred interest on modified loans.

37

Liabilities – Comparison of balances at December