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SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS

12 Months Ended

Dec. 31, 2021

SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS

SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS

lARBOR 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.