Arbor intends to own the portfolio of real estate related assets through the vehicle until its maturity and expects to account for the Securitization on its balance sheet as a financing. Arbor will use the proceeds of this Securitization to repay borrowings under its current credit facilities, pay transaction expenses and fund future loans and investments. Certain of the Notes were rated by Fitch Ratings, Inc. and all of the Notes were rated by DBRS, Inc. The Notes are not registered under the Securities Ac ...