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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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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