Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 200

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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 from the CLO closing date, of which $36.2 million has been utilized to date, with the remaining amount expected to be fully utilized. Following the 180-day ramp up period and assuming the entire committed amount under the senior revolving note is utilized, the issuer will own loan obligations with a face value of $801.9 million, representing leverage of 80%, or 84% after 

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

factoring in the financed portion of our retained investment grade notes. The notes sold to third parties had an initial weighted average interest rate of 2.48% plus term SOFR, with interest payable monthly.CLO 14 and 19. In March 2025, we unwound CLO 14 and 19, redeeming the remaining outstanding notes totaling $1.08 billion, which were repaid from a new $1.15 billion repurchase facility. We expensed $2.3 million of deferred financing fees related to the unwind of these CLOs, into loss on extinguishment of debt on the consolidated statements of income.Securitization Paydowns. During the six months ended June 30, 2025, outstanding notes totaling $507.0 million on our existing CLOs and $12.7 million on the Q Series securitization have been paid down.Senior Unsecured NotesA summary of our senior unsecured notes is as follows ($ in thousands):June 30, 2025December 31, 2024SeniorUnsecured Notes (3) IssuanceDate MaturityUPBCarryingValue (1)Wtd. Avg.Rate (2)UPBCarryingValue (1) Wtd. Avg.Rate (2)   9.00% NotesOct. 2024Oct. 2027$100,000 $98,643 9.00 %$100,000 $98,352 9.00 %7.75% NotesMar. 2023Mar. 202695,000 94,564 7.75 %95,000 94,275 7.75 %8.50% NotesOct. 2022Oct. 2027150,000 148,790 8.50 %150,000 148,531 8.50