EXHIBIT 21.1

​

Arbor Realty Trust, Inc.

List of Significant Subsidiaries

​

​	​	​
Name		Jurisdiction of Organization
Arbor Realty GPOP, Inc.	​	Delaware
Arbor Realty Limited Partnership	​	Delaware
ARSR Holdings, LLC	​	Delaware
Arbor Realty SR, Inc.	​	Maryland
Arbor Realty Commercial Real Estate Notes 2019-FL2 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2020-FL1 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2021-FL1 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd.	​	Cayman Islands
Arbor Realty Commercial Real Estate Notes 2022-FL2 LLC	​	Cayman Islands
ARSR Alpine LLC	​	Delaware
Arbor Q021 Investor LLC	​	Delaware
Arbor Private Label LLC	​	Delaware
ART Cardinal, LLC	​	Delaware
Arbor Private Investment LLC	​	Delaware

​