Arbor Realty Trust's consolidated subsidiary issued $673.99 million of investment grade-rated notes and $88.66 million of below investment grade-rated notes in a $762.6 million commercial real estate mortgage loan securitization on March 23, 2026. The notes are secured by first-lien mortgage bridge loans and will be accounted for as financing on Arbor's balance sheet, with proceeds used to repay credit facilities, pay expenses, and fund future loans.
Key takeaways
Issuer Arbor Realty Commercial Real Estate Notes 2026-FL1, LLC issued $673,990,000 investment grade notes and $88,657,903 below investment grade notes on March 23, 2026
Total collateral face value approximately $762,647,903 consisting primarily of first-lien mortgage bridge loans
Notes have initial weighted average interest rate of 1.73% plus Term SOFR, payable monthly from April 20, 2026, maturing September 2043
Reinvestment period of approximately two years and six months; $100 million capacity for additional collateral up to 180 days
Below investment grade notes (Class F, G, Income Notes totaling $88,657,903) purchased by Arbor consolidated subsidiary
Proceeds to repay borrowings under credit facilities, pay transaction expenses, and fund future loans and investments