Arbor Realty Trust Closes $825M CLO Securitization

Arbor Realty Trust announced the closing of an $825 million commercial real estate mortgage loan securitization (CLO) through its consolidated subsidiary. The securitization involved the issuance of $730.125 million in investment grade-rated notes and $94.875 million in below investment grade-rated notes. Proceeds from the securitization will be used to repay borrowings under current credit facilities, cover transaction expenses, and fund future loans and investments. The facility includes a reinvestment period of approximately two and a half years and $56.7 million capacity to acquire additional loans.