Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 62

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 committed to a $3.0 million investment. The new partner further diluted our interest in the fund to a 46.0% limited partnership interest, from 49.0% at December 31, 2024. Certain investments made by AWC were in qualified properties that have outstanding bridge loans originated by us totaling $108.5 million and a $13.0 million Fannie Mae DUS loan we continue to service. During the three months ended March 31, 2025 and 2024, we made contributions of $2.4 million and $8.4 million, respectively. During the three months ended March 31, 2025, we received distributions of $1.0 million, which were classified as returns of capital, and recorded a loss of $0.1 million related to this investment. Interest income recorded from the bridge loans was $2.1 million and $4.1 million for the three months ended March 31, 2025 and 2024, respectively. See Note 18 for details of certain investments described above.

 Note 9 — Real Estate Owned

A summary of our REO assets is as follows (in thousands):March 31, 2025December 31, 2024MultifamilyOfficeLandTotalMultifamilyOfficeLandTotalLand$69,114 $13,599 $7,947 $90,660 $29,171 $13,599 $7,947 $50,717 Building and intangible assets181,837 38,648 — 220,485 99,812 35,561 — 135,373 Less: Impairment loss— (2,500)— (2,500)— (2,500)— (2,500)Less: Accumulated depreciation and amortization(3,688)(2,799)— (6,487)(4,497)(2,550)— (7,047)Real estate owned, net$247,263 $46,948 $7,947 $302,158 $124,486 $44,110 $7,947 $176,543 At March 31, 2025, our REO assets were comprised of nine multifamily properties, two office buildings and two land parcels. At December 31, 2024, our REO assets were comprised of four multifamily property, two office buildings and two land parcels.D