 POWER OF ATTORNEY


KNOW ALL PERSONS BY THESE PRESENTS that the
undersigned hereby constitutes, designates and appoints Frederick C. Herbst
and Walter K. Horn as such person's true and lawful attorneys-in-fact and
agents, each with full power of substitution and resubstitution and full
power to act alone and without the other, for the undersigned and in the
undersigned's name, place and stead, in any and all capacities, to execute,
acknowledge, deliver and file any and all filings required by the
Securities Exchange Act of 1934, as amended, including Section 16 of such
act, and the rules and regulations thereunder, and requisite documents in
connection with such filings, respecting securities of Arbor Realty Trust,
Inc., a Maryland corporation including but not limited to Forms 3, 4 and 5
under such act and any amendments thereto.

This power of attorney
shall be valid from the date hereof until revoked by the undersigned.


IN WITNESS WHEREOF, the undersigned has executed this instrument as of
the 3rd day of February, 2004.

/s/ Melvin F. Lazar
Melvin F. Lazar

