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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.