Private Label Mortgage Lender Arbor Closes $ 450 Million



UNIONDALE, NY, June 25, 2021 (GLOBE NEWSWIRE) – Arbor Realty Trust, Inc. (“Arbor“) (NYSE: ABR) today announced the closing of an approximately $ 450 million multi-family mortgage securitization (the”Securitization“). Arbor’s subsidiary, Arbor Private Label, LLC, was the originator of the mortgages and was the loan seller and sponsor of the securitization. The securitization is the second in the Arbor Private Label Multi-Family Mortgage Securitization Program.

The securitization is backed by a pool of 32 fixed rate mortgages secured by first priority mortgage privileges on 50 multi-family properties. Arbor Multifamily Lending, LLC, an asset management and management subsidiary of Arbor, will be the principal mortgage loan manager.

The beneficial ownership interests in the securitization trust are represented by a series of multi-family mortgage pass-through certificates (the “Certificates“). The certificates were issued under a pooling and management agreement, which will govern the management and administration of the mortgages. A subsidiary of Arbor will retain the most subordinate category of certificates, with a balance of approximately $ 38.2 million (the “”Retained certificates”), To meet the credit risk retention requirements.

All certificates (except the retained certificates and the residual interest) have been assigned investment grade ratings by Fitch Ratings, Inc. and DBRS, Inc.

The offering of the certificates was made through a private placement. The Certificates are not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of that state or jurisdiction.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loans and services for multi-family, single-family (SFR) rental portfolios and other miscellaneous commercial real estate assets. Based in New York City, Arbor manages a multibillion-dollar service portfolio specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® Lender, Freddie Mac Optigo® Seller / Servicer and an FHA Multifamily Accelerated Processing (MAP) Approved Lender. Arbor’s product platform also includes a bridge, CMBS, mezzanine and preferred stock loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and personalized solutions with an unparalleled dedication to providing our clients with excellence throughout the life of a loan.

Safe Harbor Declaration

Certain elements of this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations and beliefs of management and are subject to a number of trends. and uncertainties that could cause actual results to differ materially from those described in forward-looking statements. Arbor cannot guarantee that its expectations will be met. Factors that could cause actual results to differ materially from Arbor’s expectations include, without limitation, changes in economic conditions in general, and real estate markets in particular, in particular, due to the uncertainties created. by the COVID-19 pandemic, the continued ability to seek out new investments, changes in interest rates and / or credit spreads, and other risks detailed in Arbor’s annual report on Form 10 -K for the fiscal year ended December 31, 2020 and its other reports filed with the SEC. These forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in Arbor’s expectations in this regard or any change in the events, conditions or circumstances about which such a statement is based.


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