Schedule IV—Loans and other Lending Investments

DECEMBER 31, 2019

($ in thousands)


											Carrying
											Amount
		Periodic		Interest Pay							Subject to
		Payment	Maturity	Rate			Face		Carrying		Delinquent
Type	Location	Terms(1)	Date(2)	Index(3)	Prior Liens		Amount(4)		Amount(5)		Interest
Bridge Loans:

Bridge loans in excess of 3% of carrying amount of total loans:

Multifamily	Various	IO / PI	2020 - 2021	LIBOR + 2.75% - 3.60%	$	—	$	417,100	$	415,703	$	—
				Floor 1.36% - 2.38%
Bridge loans less than 3% of carrying amount of total loans (6):

Multifamily	Various	IO /PI	2020 - 2024	LIBOR + 2.50% - 12.72%		—		2,695,857		2,683,189		—
				Floor 0.43% - 2.75%
				Fixed 9.00% - 11.00%

Healthcare	Various	IO	2020 - 2022	LIBOR + 4.00% - 11.60%		—		203,694		202,756		—
				Floor 1.12% - 2.63%

Land	Various	IO / PI	2020	LIBOR + 4.00% - 4.50%		—		172,657		104,788		—
				Floor 0.15% - 0.75%
				Fixed 0.00% - 11.64%

Hotel	NY	IO	2020 - 2022	LIBOR + 2.75% - 7.60%		60,000		142,300		141,574		—
				Floor 1.50% - 2.38%

Office	Various	IO / PI	2020	LIBOR + 3.10% - 6.19%		—		122,127		120,437		—
				Floor 1.12% - 2.13%

Retail	Various	IO	2020 - 2024	LIBOR + 4.00% - 6.00%		—		39,500		39,329		—
				Floor 2.13% - 2.50%

Single-Family Rental	Various	IO	2020 - 2021	LIBOR + 4.50% - 4.85%		—		30,017		29,384		—
				Floor 2.02% - 2.50%

Self Storage	MA	PI	2020	LIBOR + 3.90%		—		13,580		13,550		—
				Floor 1.23%
Total Bridge Loans less than 3% of carrying amount of total loans						60,000		723,875		651,818		—
Total Bridge Loans						60,000		3,836,832		3,750,710		—

ARBOR REALTY TRUST, INC. AND SUBSIDIARIES

SCHEDULE IV—LOANS AND OTHER LENDING INVESTMENTS (Continued)

DECEMBER 31, 2019

($ in thousands)


											Carrying
											Amount
		Periodic		Interest Pay							Subject to
		Payment	Maturity	Rate			Face		Carrying		Delinquent
Type	Location	Terms(1)	Date(2)	Index(3)	Prior Liens		Amount(4)		Amount(5)		Interest
Mezzanine Loans:

Mezzanine loans less than 3% of carrying amount of total loans (6):

Multifamily	Various	IO / PI	2020 - 2029	Fixed 5.00% - 12.00%		337,352		109,272		108,819		—

Land	Various	IO	2020	Fixed 0.00% - 13.00%		—		48,832		48,767		—

Self Storage	CA	PI	2020	Fixed 11.00%		30,471		12,713		12,687		—

Office	Various	IO	2020 - 2028	LIBOR + 7.44% Floor 2.13% Fixed 9.00%		60,000		11,000		10,980		—

Retail	Various	IO / PI	2021 - 2024	Fixed 12.00%		30,554		9,758		9,727		—

Total Mezzanine Loans						458,377		191,575		190,980		—

Preferred Equity Investments:

Preferred equity investments less than 3% of carrying amount of total loans (6):

Multifamily	Various	IO / PI	2022 - 2029	Fixed 4.00% - 14.00%		794,984		178,478		177,399		—

Commercial	NY	IO	2020	Fixed 6.00%		29,792		1,700		—		—

Office	SC	IO	2024	Fixed 15.00%		9,739		880		871		—



Total Preferred Equity Investments						834,515		181,058		178,270		—

Other Loans:

Other loans less than 3% of carrying amount of total loans (6):

Single-Family Rental	Various	IO / PI	2024 - 2029	Fixed 4.40% - 5.90%		—		41,575		41,428		—

Multifamily	Various	IO	2021 - 2030	Fixed 2.83% - 5.32%		—		28,571		28,572		—
						—		70,146		70,000		—
Total Loans					$	1,352,892	$	4,279,611	$	4,189,960	$	—

(1)

IO = Interest Only, PI = Principal and Interest.

(2)

Maturity date does not include possible extensions.

(3)

References to LIBOR are to one‑month LIBOR unless specifically stated otherwise.

(4)

During 2019, $808.1 million of loans were extended.

(5)

The federal income tax basis is approximately $4.29 billion.

(6)

Individual loans each have a carrying value less than 3% of total loans.

ARBOR REALTY TRUST, INC. AND SUBSIDIARIES

SCHEDULE IV–LOANS AND OTHER LENDING INVESTMENTS (Continued)

DECEMBER 31, 2019

($in thousands)

The following table reconciles our loans and investments carrying amounts for the periods indicated (in thousands):


	Year Ended December 31,
	2019		2018		2017
Balance at beginning of year	$	3,200,145	$	2,579,127	$	1,695,732
Additions during period:
New loan originations		2,831,822		1,658,732		1,842,974
Loan charge-offs		—		3,173		20,473
Funding of unfunded loan commitments(1)		65,531		21,027		51,689
Accretion of unearned revenue		12,083		9,278		6,519
Recoveries of reserves		—		2,527		2,456
Deductions during period:
Loan payoffs and paydowns		(1,753,693)		(957,163)		(929,796)
Unfunded loan commitments (1)		(147,392)		(88,617)		(77,233)
Use of loan charge-offs		—		(3,173)		(20,473)
Provision for loan losses		—		(13,986)		(2,000)
Unearned revenue and costs		(18,536)		(10,780)		(11,214)
Balance at end of year	$	4,189,960	$	3,200,145	$	2,579,127

(1)

In accordance with certain loans and investments, we have outstanding unfunded commitments that we are obligated to fund as the borrowers meet certain requirements. Specific requirements include, but are not limited to, property renovations, building construction and conversions based on criteria met by the borrower in accordance with the loan agreements.