Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 155

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 155
---
 net worth, operational liquidity and restricted liquidity collateral requirements, purchase and loss obligations and compliance with reporting requirements. Our adjusted net worth and operational liquidity exceeded the agencies’ requirements at September 30, 2025. Our restricted liquidity and purchase and loss obligations were satisfied with letters of credit totaling $75.0 million and cash. See Note 14 for details about our performance regarding these requirements.

We also enter into contractual commitments with borrowers providing rate lock commitments while simultaneously entering into forward sale commitments with investors. These commitments are outstanding for short periods of time (generally less than 60 days) and are described in Note 12.

66

Debt Facilities. We maintain various forms of short-term and long-term financing arrangements. Borrowings underlying these arrangements are primarily secured by a significant amount of our loans and investments and substantially all our loans held-for-sale. The following is a summary of our debt facilities ($ in thousands):

Debt InstrumentsSeptember 30, 2025CommitmentUPB (1)AvailableMaturity Dates (2)Structured BusinessCredit and repurchase facilities$8,138,821 $3,839,323 $4,299,498 2025 - 2028Securitized debt (3)4,188,340 4,188,340 — 2025 - 2030Senior unsecured notes1,745,000 1,745,000 — 2026 - 2030Junior subordinated notes154,336 154,336 — 2034 - 2037Mortgage notes payable - real estate owned190,688 190,688 — 2025 - 2027Structured Business total14,417,185 10,117,687 4,299,498 Agency BusinessCredit and repurchase facilities (4)1,800,000 294,642 1,505,358 2025 - 2027Consolidated total$16,217,185 $10,412,329 $5,804,856 

________________________

(1)Excludes the impact of deferred financing costs.

(2)See Note 14 for a breakdown of debt maturities by year. These maturity dates exclude extension options.

(3)Maturity dates represent the weighted average remaining maturity based on the underlying collateral at September 30, 2025.

(4)The $750 million As Soon as Pooled ® Plus (“ASAP”) agreement we have with Fannie Mae has no expiration date