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Alternative Assets  + Real Estate  |  March 17, 2025
Arbor Realty Closes $1.15B Repo Line with JPMorgan
Joe Palmisano
By: Joe Palmisano

Arbor Realty Closes $1.15B Repo Line with JPMorgan

Arbor Realty Trust has closed a $1.15 billion repurchase facility with JPMorgan Chase Bank. The company is transferring $1.43 billion in assets into this facility, including $1.34 billion from two existing collateralized loan obligations (CLOs), Arbor Realty CLO 2021-1 and 2021-2, which are set to be redeemed today.

The repo line provides Arbor Realty Trust multiple benefits over its prior CLOs: 80% leverage versus the CLOs’ 77%, reduced pricing compared to the CLOs’ SOFR plus 2.24%, a largely nonrecourse structure, a two-year replenishment period for reinvesting principal, and a $100 million accordion option exercisable within 90 days. This facility generates approximately $80 million in net liquidity for Arbor.

“This is an incredibly innovative transaction that creates tremendous efficiencies for us going forward,” said Ivan Kaufman, CEO. “This result also continues to reinforce the quality of our loan book and the depth of our banking relationships.”

NY-headquartered Arbor Realty Trust, Inc. is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other commercial real estate assets.

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Arbor Realty Trust, Inc.

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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