NYSE:ABRMortgage REITs
Arbor Realty Trust (ABR): Valuation Update Following $1.05 Billion Securitization Deal
Arbor Realty Trust (ABR) has just closed the books on a $1.05 billion commercial real estate mortgage loan securitization, drawing a bright spotlight for investors tracking its next move. The company issued around $933 million in investment-grade notes and kept a $117 million slice of subordinate interests for itself, bolstering both its liquidity and financial flexibility. The deal’s proceeds are earmarked to pay down some of Arbor's current borrowings, cover transaction expenses, and,...