Core Viewpoint - Arbor Realty Trust, Inc. has successfully closed a unique build-to-rent loan securitization totaling approximately $802 million, which includes investment grade-rated notes and retained interests [1][5]. Group 1: Securitization Details - The securitization includes loans secured by build-to-rent properties at various construction stages, with a funding structure that allows for additional loan acquisitions within 180 days [2]. - A $200 million senior revolving note is part of the securitization, with approximately $50 million drawn at closing to fund construction and loan advances [2][3]. - The investment grade notes have an initial weighted average spread of 2.48% over Term SOFR, with a two-year replenishment period for reinvestment in qualifying assets [3]. Group 2: Financial Structure and Use of Proceeds - The investment grade-rated notes were issued under an indenture secured by a portfolio of real estate-related assets and cash valued at $652 million, primarily consisting of first mortgage construction and bridge loans [4]. - Arbor intends to retain ownership of the real estate-related assets until maturity and plans to use the proceeds from the securitization to repay existing borrowings, cover transaction expenses, and fund future loans and investments [5]. Group 3: Company Overview - Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, specializing in multifamily and single-family rental portfolios, with a multibillion-dollar servicing portfolio [7]. - The company is recognized as a leading lender for government-sponsored enterprise products and offers a diverse range of loan products including bridge, CMBS, mezzanine, and preferred equity loans [7].