Company: ABR-PF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021683
Chunk: 174

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 174
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OLIDATED FINANCIAL STATEMENTS (Unaudited)

We measure certain assets and liabilities for which fair value is only disclosed. The fair values of these assets and liabilities are determined using the following input levels at March 31, 2025 (in thousands):Fair Value Measurements Using Fair Value HierarchyCarrying ValueFair ValueLevel 1Level 2Level 3Financial assets: Loans and investments, net$11,215,625 $11,248,443 $— $— $11,248,443 Loans held-for-sale, net314,635 324,521 — 320,967 3,554 Capitalized mortgage servicing rights, net357,220 492,930 — — 492,930 Securities held-to-maturity, net158,658 149,283 — — 149,283 Financial liabilities:Credit and repurchase facilities$4,780,753 $4,796,367 $— $279,404 $4,516,963 Securitized debt3,286,395 3,285,150 — — 3,285,150 Senior unsecured notes1,237,160 1,136,669 1,136,669 — — Convertible senior unsecured notes286,555 287,213 — 287,213 — Junior subordinated notes144,890 109,821 — — 109,821 Mortgage notes payable - real estate owned123,851 122,975 — — 122,975 

Note 14 — Commitments and Contingencies

Agency Business Commitments. We must make certain representations and warranties concerning each loan we originate for the GSE or HUD programs. The representations and warranties relate to our practices in the origination and servicing of the loans, the accuracy of the information being provided by us and the conformity of the loans to the terms and conditions required by the GSEs and HUD. In the event of a breach of any representation or warranty, the GSEs or HUD could require us to repurchase a loan, even if the loan is not in default. Our obligation to repurchase the loan is independent of our risk-sharing obligations. Our Agency Business is subject to supervision by certain regulatory agencies. Among other things, these agencies require us to meet certain minimum net worth, operational liquidity and restricted liquidity collateral requirements, and compliance with