Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 112

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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), partially offset by loans we foreclosed on and received ownership of the underlying collateral as REO assets. 

The portfolio had a weighted average current interest pay rate of 6.94% and 6.90% at March 31, 2025 and December 31, 2024, respectively. Including certain fees earned and costs, the weighted average current interest rate was 7.85% and 7.80% at March 31, 2025 and December 31, 2024, respectively. Our debt that finances our Structured loan and investment portfolio totaled $9.49 billion and $9.46 billion at March 31, 2025 and December 31, 2024, respectively, with a weighted average funding cost of 6.47% and 6.55%, respectively, which excludes financing costs. Including financing costs, the weighted average funding rate was 6.82% and 6.88% at March 31, 2025 and December 31, 2024, respectively.

47

Activity from our Structured Business portfolio is comprised of the following ($ in thousands):

Three Months Ended March 31, 2025Loans originated$747,121 Number of loans20Weighted average interest rate8.64%Loan runoff$421,941 Number of loans28Weighted average interest rate8.55%Loans modified$949,830 Number of Loans21Loans extended$1,269,401 Number of loans63

Loans held-for-sale from the Agency Business decreased $121.1 million, primarily from loan sales exceeding loan originations by $124.9 million as noted in the following table. Activity from our Agency Business portfolio is comprised of the following (in thousands):

Three Months Ended March 31, 2025Loan OriginationsLoan SalesFannie Mae$357,811 $355,716 Freddie Mac178,020 298,485 Private Label44,925 — FHA16,041 67,542 SFR - Fixed Rate9,111 9,111 Total$605,908 $730,854 

Real estate owned increased $125.6 million, primarily due to the foreclosure of seven multifamily bridge loans, through which we took back the underlying collateral, partially offset by the sale of two multifamily properties.

Liabilities – Comparison of balances at March 31, 2025 to December 31, 2024:

Credit and rep