Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 173

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 173
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 which the impairment was recognized.

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Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Quantitative information about Level 3 fair value measurements at March 31, 2025 is as follows ($ in thousands):Fair ValueValuation TechniquesSignificant Unobservable Inputs Financial assets:Impaired loans:Weighted AverageMinimum / MaximumMultifamily$455,187 Discounted cash flowsCapitalization rate6.08 %5.75 % - 7.00 %Land49,999 Discounted cash flowsDiscount rate21.50 %21.50 %Revenue growth rate3.00 %3.00 %Retail11,775 Sales comparativePrice per acre$165$165Derivative financial instruments:Rate lock commitments$309 Discounted cash flowsW/A discount rate11.13 %11.13 %The derivative financial instruments using Level 3 inputs are outstanding for short periods of time (generally less than 60 days). A roll-forward of Level 3 derivative instruments is as follows (in thousands): Fair Value Measurements Using Significant Unobservable InputsThree Months Ended March 31,20252024Derivative assets and liabilities, netBeginning balance$— $428 Settlements(7,822)(9,436)Realized gains recorded in earnings7,822 9,008 Unrealized gains recorded in earnings309 1,071 Ending balance$309 $1,071 The components of fair value and other relevant information associated with our forward sales commitments and the estimated fair value of cash flows from servicing on loans held-for-sale are as follows (in thousands):March 31, 2025Notional/Principal AmountFair Value ofServicing RightsUnrealized Impairment LossTotal Fair ValueAdjustmentRate lock commitments$39,493 $309 $— $309 Forward sale commitments268,546 — — — Loans held-for-sale, net (1)315,700 3,554 581 4,135 Total$3,863 $581 $4,444 ________________________(1)Loans held-for-sale, net are recorded at the lower of cost or market on an aggregate basis and includes fair value adjustments related to estimated cash flows from MSRs. 

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Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDIARIESNOTES TO CONS