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SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS | 12 Months Ended
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Dec. 31, 2021
SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS |
SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS | l ARBOR REALTY TRUST, INC. AND SUBSIDIARIES Schedule IV — Loans and other Lending Investments DECEMBER 31, 2021 ($ 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 less than 3% of carrying amount of total loans (6): |  |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Multifamily |  | Various |  | IO / PI |  | 2022 ‑ 2026 |  | L+ 2.50% to 6.75 | % | $ | — | ​ | $ | 10,800,896 | ​ | $ | 10,733,582 | ​ | $ | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.10% to 2.50 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 3.83% to 11.00 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Single‑Family Rental |  | Various |  | IO / PI |  | 2022 ‑ 2025 |  | L+ 3.50% to 6.75 | % |  | — | ​ |  | 408,246 | ​ |  | 400,998 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.25% to 2.25 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 4.23% to 10.00 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Land |  | Various |  | IO |  | 2022 - 2025 |  | L+ 4.00% to 6.00 | % |  | — | ​ |  | 189,613 | ​ |  | 111,741 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.15% to 1.66 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 0.00 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Healthcare |  | Various |  | IO / PI |  | 2022 ‑ 2023 |  | L+ 5.00% to 6.75 | % |  | — | ​ |  | 146,969 | ​ |  | 146,823 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 1.49% to 2.63 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Office |  | Various |  | IO / PI |  | 2022 |  | L+ 3.50 | % |  | — | ​ |  | 72,390 | ​ |  | 70,877 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 0.00 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Student Housing |  | NC |  | IO |  | 2022 ‑ 2023 |  | L+ 4.00% to 4.50 | % |  | — | ​ |  | 56,800 | ​ |  | 56,624 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.25% to 1.80 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hotel |  | Various |  | IO / PI |  | 2022 |  | L+ 3.00% to 6.75 | % |  | — | ​ |  | 45,716 | ​ |  | 45,629 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.75 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail |  | Various |  | IO |  | 2024 |  | L+ 3.50% to 4.00 | % |  | — | ​ |  | 16,500 | ​ |  | 14,105 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 1.00% to 2.50 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Self Storage |  | MA |  | IO |  | 2022 |  | L+ 3.90 | % |  | — | ​ |  | 13,580 | ​ |  | 13,579 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 1.23 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Bridge Loans less than 3% of carrying amount of total loans |  | ​ |  | ​ | ​ | ​ |  | ​ | ​ |  | — | ​ |  | 11,750,710 |  | ​ | 11,593,958 | ​ |  | —
Total Bridge Loans |  | ​ |  | ​ | ​ | ​ |  | ​ | ​ |  | — | ​ |  | 11,750,710 |  | ​ | 11,593,958 | ​ |  | —
​ ARBOR REALTY TRUST, INC. AND SUBSIDIARIES Schedule IV — Loans and other Lending Investments (Continued) DECEMBER 31, 2021 ($ 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 |  | 2022 - 2031 |  | Fixed 3.50% to 12.95 | % |  | 705,547 | ​ |  | 165,001 | ​ |  | 159,022 | ​ |  | —
Land |  | Various |  | IO |  | 2022 |  | L+ 6.00 | % |  | — | ​ |  | 48,832 | ​ |  | 48,809 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 1.66 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 0.00 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail |  | Various |  | IO / PI |  | 2024 |  | L+ 3.50 | % |  | 30,389 | ​ |  | 9,545 | ​ |  | 6,100 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 1.00 | % | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 12.00 | % |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Mezzanine Loans |  |  |  |  |  |  |  |  | ​ |  | 735,936 | ​ |  | 223,378 | ​ |  | 213,931 | ​ |  | —
Preferred Equity Investments: |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Preferred equity investments less than 3% of carrying amount of total loans (6): |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Multifamily |  | Various |  | IO / PI |  | 2022 - 2029 |  | Fixed 2.00% to 14.00 | % |  | 482,964 | ​ |  | 116,014 | ​ |  | 113,506 | ​ |  | —
Student Housing |  | AZ |  | IO / PI |  | 2022 |  | Fixed 12.00 | % |  | 143,000 | ​ |  | 21,500 | ​ |  | 20,894 | ​ |  | —
Office |  | NY |  | IO |  | 2027 |  | Fixed 0.00 | % |  | — | ​ |  | 8,199 | ​ |  | 1,640 | ​ |  | —
Land |  | TX |  | IO |  | 2023 |  | Fixed 12.00 | % |  | — | ​ |  | 8,100 | ​ |  | 7,975 | ​ |  | —
Commercial |  | NY |  | IO |  | 2022 |  | Fixed 6.00 | % |  | 29,792 | ​ |  | 1,700 | ​ |  | — | ​ |  | —
Total Preferred Equity Investments | ​ |  |  |  |  |  |  |  | ​ | ​ | 655,756 | ​ |  | 155,513 | ​ |  | 144,015 | ​ |  | —
Other Loans: | ​ |  |  |  |  |  |  |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |  |
Other loans less than 3% of carrying amount of total loans (6): | ​ |  |  |  |  |  |  |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |  |
Single‑Family Rental | ​ | Various |  | IO / PI |  | 2025 - 2026 |  | L + 4.25% to 4.90 | % |  | — | ​ |  | 29,394 | ​ |  | 29,144 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.25 | % | ​ | — | ​ |  | 29,394 | ​ |  | 29,144 | ​ |  | —
Total Loans |  |  |  |  |  |  |  |  | ​ | $ | 1,391,692 | ​ | $ | 12,158,995 | ​ | $ | 11,981,048 | ​ | $ | —
(1) | IO = Interest Only, PI = Principal and Interest, L = LIBOR.
​
(2) | Maturity date does not include possible extensions.
​
(3) | References to LIBOR are to one-month LIBOR unless specifically stated otherwise.
​
(4) | During 2021, $1.24 billion of loans were extended.
​
(5) | The federal income tax basis is approximately $12.16 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, 2021 The following table reconciles our loans and investments carrying amounts for the periods indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2021 |  | 2020 |  | 2019
Balance at beginning of year | ​ | $ | 5,285,868 | ​ | $ | 4,189,960 | ​ | $ | 3,200,145
Additions during period: | ​ |  |  | ​ |  |  | ​ |  |
New loan originations | ​ |  | 9,720,515 | ​ |  | 2,433,679 | ​ |  | 2,831,822
Loan charge‑offs | ​ |  | 10,773 | ​ |  | — | ​ |  | —
Funding of unfunded loan commitments (1) | ​ |  | 200,694 | ​ |  | 133,244 | ​ |  | 65,531
Accretion of unearned revenue | ​ |  | 25,618 | ​ |  | 13,590 | ​ |  | 12,083
Recoveries of reserves | ​ |  | 24,315 | ​ |  | 75 | ​ |  | —
Deductions during period: | ​ |  |  | ​ |  |  | ​ |  |
Loan payoffs and paydowns | ​ |  | (2,516,771) | ​ |  | (1,243,694) | ​ |  | (1,753,693)
Reclassification to held-for-sale loans | ​ | ​ | (65,144) | ​ | ​ | — | ​ | ​ | —
Unfunded loan commitments (1) | ​ |  | (624,519) | ​ |  | (127,758) | ​ |  | (147,392)
Use of loan charge‑offs | ​ |  | (10,773) | ​ |  | — | ​ |  | —
Provision for loan losses | ​ |  | — | ​ |  | (77,335) | ​ |  | —
Unearned revenue and costs | ​ |  | (69,528) | ​ |  | (35,893) | ​ |  | (18,536)
Balance at end of year | ​ | $ | 11,981,048 | ​ | $ | 5,285,868 | ​ | $ | 4,189,960
(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.

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
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