XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Variable Interest Entities | 9 Months Ended
--- | ---
Sep. 30, 2017
Variable Interest Entities |
Variable Interest Entities | Note 16 — Variable Interest Entities Our involvement with VIEs primarily affects our financial performance and cash flows through amounts recorded in interest income, interest expense, provision for loan losses and through activity associated with our derivative instruments. Consolidated VIEs. We have determined that our operating partnership, ARLP, and our CLO subsidiaries, which are owned by ARLP, are VIEs. ARLP is already consolidated in our financial statements, therefore, the identification of this entity as a VIE had no impact on our consolidated financial statements. Our CLO subsidiaries invest in real estate and real estate-related securities and are financed by the issuance of CLO debt securities. We, or one of our affiliates, are named collateral manager, servicer, and special servicer for all CLO collateral assets which we believe gives us the power to direct the most significant economic activities of the entity. We also have exposure to CLO losses to the extent of our equity interests and also have rights to waterfall payments in excess of required payments to CLO bond investors. As a result of consolidation, equity interests in these CLOs have been eliminated, and the consolidated balance sheets reflect both the assets held and debt issued by the CLOs to third parties. Our operating results and cash flows include the gross amounts related to CLO assets and liabilities as opposed to our net economic interests in the CLO entities. The assets and liabilities related to these consolidated CLOs are as follows:
|  | September 30, 2017 |  | December 31, 2016 |
Assets: |  |  |  |  |
Restricted cash |  | $ | 136,408,829 |  | $ | 15,542,304 |
Loans and investments, net |  | 1,249,875,600 |  | 957,527,492 |
Due from related party |  | 11,397,903 |  | — |
Other assets |  | 9,441,853 |  | 6,982,452 |
Total assets |  | $ | 1,407,124,185 |  | $ | 980,052,248 |
Liabilities: |  |  |  |  |
Collateralized loan obligations |  | $ | 1,066,230,488 |  | $ | 728,441,109 |
Other liabilities |  | 2,185,528 |  | 1,645,426 |
Total liabilities |  | $ | 1,068,416,016 |  | $ | 730,086,535 |
Assets held by the CLOs are restricted and can be used only to settle obligations of the CLOs. The liabilities of the CLOs are non-recourse to us and can only be satisfied from each CLOs respective asset pool. See Note 11 — Debt Obligations for details. We are not obligated to provide, have not provided, and do not intend to provide financial support to any of the consolidated CLOs. Unconsolidated VIEs. We determined that we are not the primary beneficiary of 20 VIEs in which we have a variable interest as of September 30, 2017 because we do not have the ability to direct the activities of the VIEs that most significantly impact each entity’s economic performance. The following is a summary of our variable interests in identified VIEs, of which we are not the primary beneficiary, as of September 30, 2017:
Type |  | Carrying Amount (1) |  |  |
Loans |  | $ | 281,608,227 |  |  |  |
B Piece bonds |  | 18,851,089 |  |  |
Agency IOs |  | 4,442,532 |  |  |
Equity investments |  | 2,120,447 |  |  |
Total |  | $ | 307,022,295 |  |  |  |
| (1) |  | Represents the carrying amount of loans and investments before reserves. At September 30, 2017, $182.8 million of loans to VIEs had corresponding loan loss reserves of $81.6 million. See Note 4 — Loans and Investments for details. In addition, the maximum loss exposure as of September 30, 2017 would not exceed the carrying amount of our investment.
These unconsolidated VIEs have exposure to real estate debt of approximately $2.07 billion at September 30, 2017.

X
- References No definition available. + Details
Name: | abr_VariableInterestEntitiesDisclosureAbstract
Namespace Prefix: | abr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
Name: | us-gaap_VariableInterestEntityDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration