NYSE:ABRMortgage REITs
Arbor Realty Trust Securitization Shifts Funding Mix And Risk Exposure
Arbor Realty Trust (NYSE:ABR) completed a large commercial real estate mortgage loan securitization.
The deal issued investment grade rated notes and Arbor retained the more junior interests in the structure.
Proceeds are earmarked for repaying existing debt and funding future lending and investment activity.
For readers tracking NYSE:ABR, this financing move lands at a time when the stock is trading around $7.37 and has seen a 31.1% decline over the past year. The securitization adds a new...