Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 204

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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6.11 %452,751 452,526 — Total CLOs (5)4,581,374 4,572,055 6.35 %5,806,502 5,803,208 88,000 Q Series securitization50,641 50,434 6.49 %94,940 94,895 — Total securitized debt$4,632,015 $4,622,489 6.35 %$5,901,442 $5,898,103 $88,000 ________________________(1)Debt carrying value is net of $20.2 million and $9.5 million of deferred financing fees at September 30, 2025 and December 31, 2024, respectively.(2)At September 30, 2025 and December 31, 2024, the aggregate weighted average note rate for our collateralized loan obligations ("CLO"), including certain fees and costs, was 6.42% and 6.59%, respectively, and the Q Series securitization was 7.46% at December 31, 2024. (3)At September 30, 2025 and December 31, 2024, 54 and 46 loans, respectively, with a total UPB of $2.02 billion and $1.60 billion, respectively, were deemed a "credit risk" as defined by the CLO indentures. A credit risk asset is generally defined as one that, in the CLO collateral manager's reasonable business judgment, has a significant risk of becoming a defaulted asset.(4)Represents restricted cash held for principal repayments as well as for reinvestment in the CLOs. Does not include restricted cash related to interest payments, delayed fundings and expenses totaling $12.5 million and $43.4 million at September 30, 2025 and December 31, 2024, respectively.(5)The replenishment period for the following CLOs has ended: CLO 14 - September 2023, CLO 16 – March 2024, CLO 19 – May 2024, CLO 17 – June 2024 and CLO 18 – August 2024.(6)All third party amounts have been paid down and only our tranches remain.CLO 20. In August 2025, we completed C