XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.22.4

SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS | 12 Months Ended
--- | ---
Dec. 31, 2022
SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS |
SCHEDULE IV - LOANS AND OTHER LENDING INVESTMENTS | ARBOR REALTY TRUST, INC. AND SUBSIDIARIES schedule iv — Loans and other Lending Investments ($ 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 |  | 2023 ‑ 2026 |  | L+ 2.50% to 6.75% | $ | — | ​ | $ | 12,830,999 | ​ | $ | 12,744,463 | ​ | $ | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.10% to 2.50% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | SOFR+ 2.65% to 5.00% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | SOFR Floor 0.10% to 4.32% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 3.83% to 12.00% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Single‑Family Rental |  | Various |  | IO / PI |  | 2023 ‑ 2026 |  | L+ 3.50% to 6.75% |  | — | ​ |  | 927,373 | ​ |  | 916,498 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.25% to 2.25% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | SOFR+ 2.65% to 6.25% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | SOFR Floor 0.10% to 4.33% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Land |  | CA |  | IO |  | 2023 - 2025 |  | L+ 4.00% |  | — | ​ |  | 118,595 | ​ |  | 40,726 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.15% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | Fixed 0.00% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Office |  | NY |  | IO |  | 2023 |  | L+ 3.50% |  | — | ​ |  | 70,410 | ​ |  | 69,948 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.29% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Healthcare |  | AL |  | IO / PI |  | 2023 |  | L+ 5.00% to 5.35% |  | — | ​ |  | 65,627 | ​ |  | 65,610 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 2.15% to 2.63% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hotel |  | NY |  | IO / PI |  | 2023 |  | L+ 4.50% |  | — | ​ |  | 40,850 | ​ |  | 40,836 | ​ |  | —
Student Housing |  | NC |  | IO |  | 2023 |  | L+ 4.50% |  | — | ​ |  | 25,700 | ​ |  | 25,589 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 0.25% to 2.25% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retail |  | Various |  | IO |  | 2024 |  | L+ 3.50% to 4.00% |  | — | ​ |  | 16,500 | ​ |  | 14,113 | ​ |  | —
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | L Floor 1.00% to 2.50% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Bridge Loans less than 3% of carrying amount of total loans |  | ​ |  | ​ | ​ | ​ |  | ​ |  | — | ​ |  | 14,096,054 |  | ​ | 13,917,783 | ​ |  | —
Total Bridge Loans |  | ​ |  | ​ | ​ | ​ |  | ​ |  | — | ​ |  | 14,096,054 |  | ​ | 13,917,783 | ​ |  | —
​ ARBOR REALTY TRUST, INC. AND SUBSIDIARIES Schedule IV — Loans and other Lending Investments (Continued) ($ 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 |  | 2023 - 2033 |  | Fixed 3.50% to 13.00% | ​ |  | 880,697 | ​ |  | 194,621 | ​ |  | 187,333 | ​ |  | —
Land |  | CA |  | IO |  | 2023 |  | Fixed 0.00% | ​ |  | — | ​ |  | 9,333 | ​ |  | 9,333 | ​ |  | —
Retail |  | Various |  | IO |  | 2024 |  | L+ 3.50% | ​ |  | 30,389 | ​ |  | 9,545 | ​ |  | 6,100 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ |  | L Floor 1.00% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ |  | Fixed 12.00% | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Mezzanine Loans |  |  |  |  |  |  |  |  | ​ |  | 911,086 | ​ |  | 213,499 | ​ |  | 202,766 | ​ |  | —
Preferred Equity Investments: |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Preferred equity investments less than 3% of carrying amount of total loans (6): |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Multifamily |  | Various |  | IO / PI |  | 2023 - 2033 |  | Fixed 4.00% to 13.00% | ​ |  | 409,699 | ​ |  | 91,300 | ​ |  | 88,695 | ​ |  | —
Office |  | NY |  | IO |  | 2027 |  | Fixed 0.00% | ​ |  | — | ​ |  | 9,625 | ​ |  | 1,925 | ​ |  | —
Land |  | TX |  | IO |  | 2023 |  | Fixed 12.00% | ​ |  | — | ​ |  | 8,100 | ​ |  | 7,882 | ​ |  | —
Commercial |  | NY |  | IO |  | 2023 |  | Fixed 6.00% | ​ |  | 29,792 | ​ |  | 1,700 | ​ |  | — | ​ |  | —
Total Preferred Equity Investments |  |  |  |  |  |  |  |  | ​ |  | 439,491 | ​ |  | 110,725 | ​ |  | 98,502 | ​ |  | —
Other Loans: |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Other loans less than 3% of carrying amount of total loans (6): |  |  |  |  |  |  |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Single‑Family Rental |  | Various |  | IO / PI |  | 2024 - 2026 |  | L + 3.98% to 4.90% | ​ |  | — | ​ |  | 35,845 | ​ |  | 35,623 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ |  | L Floor 0.25% | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | 35,845 | ​ | ​ | 35,623 | ​ | ​ | —
Total Loans |  |  |  |  |  |  |  |  | ​ | $ | 1,350,577 |  | $ | 14,456,123 |  | $ | 14,254,674 |  | $ | —
(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 2022, $1.68 billion of loans were extended.
​
(5) | The federal income tax basis is approximately $14.46 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) The following table reconciles our loans and investments carrying amounts for the periods indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
Balance at beginning of year | ​ | $ | 11,981,048 | ​ | $ | 5,285,868 | ​ | $ | 4,189,960
Additions during period: | ​ |  |  | ​ |  |  | ​ |  |
New loan originations | ​ |  | 6,151,647 | ​ |  | 9,720,515 | ​ |  | 2,433,679
Funding of unfunded loan commitments (1) | ​ |  | 381,831 | ​ |  | 200,694 | ​ |  | 133,244
Accretion of unearned revenue | ​ |  | 37,468 | ​ |  | 25,618 | ​ |  | 13,590
Recoveries of reserves | ​ |  | 1,500 | ​ |  | 24,315 | ​ |  | 75
Loan charge‑offs | ​ |  | — | ​ |  | 10,773 | ​ |  | —
Deductions during period: | ​ |  |  | ​ |  |  | ​ |  |
Loan payoffs and paydowns | ​ |  | (3,818,554) | ​ |  | (2,516,771) | ​ |  | (1,243,694)
Unfunded loan commitments (1) | ​ |  | (376,404) | ​ |  | (623,639) | ​ |  | (127,758)
Unearned revenue and costs | ​ |  | (51,808) | ​ |  | (69,528) | ​ |  | (35,893)
Reclassification to real estate owned | ​ | ​ | (31,200) | ​ | ​ | (880) | ​ | ​ | —
Provision for loan losses | ​ |  | (20,818) | ​ |  | — | ​ |  | (77,335)
Reclassification to held-for-sale loans | ​ | ​ | (36) | ​ | ​ | (65,144) | ​ | ​ | —
Use of loan charge‑offs | ​ |  | — | ​ |  | (10,773) | ​ |  | —
Balance at end of year | ​ | $ | 14,254,674 | ​ | $ | 11,981,048 | ​ | $ | 5,285,868
(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.

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

X
- 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 3 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 https://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
Name: | srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration