Company: ABR-PF
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001253986-25-000022
Chunk: 202

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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% and extended the maturity to August 2026.In August 2025, we amended a $1.00 billion repurchase facility to allow loans over 60 days delinquent to remain in the facility for up to two years. Permitted delinquent loans have an interest rate of SOFR plus 3.00% and can comprise up to 10% of the outstanding facility balance, or up to 15% at the lender's discretion. In July 2025, we amended a $2.00 billion joint repurchase facility, shared by the Structured and Agency businesses, to reduce the facility size to $1.50 billion and extended the maturity to July 2027, with a one-year extension option. In May 2025, we amended the interest rate on a $150.0 million repurchase facility to SOFR plus 2.50%, with an all-in floor of 5.50%, from SOFR plus 3.00%, with an all-in floor of 5.50%, contingent upon certain designated loans remaining in the facility through August 2025. In March 2025, we entered into a $1.15 billion repurchase facility to finance the loans primarily held in our CLOs. This facility has a 24-month reinvestment period through March 2027. The facility has an interest rate of SOFR plus 1.85% and matures at the latest maturity date of all purchased assets, which is currently February 2028. Additionally, this facility is approximately 88% non-recourse to us and has an 80% advance rate. In January 2025, we amended a $200.0 million repurchase facility to increase the facility size to $400.0 million and extend the maturity to January 2027, with a one-year extension option. Agency BusinessIn August 2025, we amended our $75.0 million letter of credit agreement which secures our obligations under the Fannie Mae DUS program and the Freddie Mac SBL program to extend the maturity two years to September 2027. Securitized DebtWe account for securitized debt transactions on our consolidated balance sheet as financing facilities. These transactions are considered VIEs for which we are the primary beneficiary and are consolidated in our financial statements. The investment grade notes and guaranteed certificates issued to third parties are treated as secured financings and are non-recourse to us.

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Table of ContentsARBOR REALTY TRUST, INC. AND SUBSIDI