We also have around $115 million of net unencumbered assets, which combined with our cash on hand and cash posted against our swaps gives us approximately $220 million of value. This in addition to approximately $235 million of value between the equity in our CDO vehicles and our real estate owned assets for a total value of approximately $455 million.We also have been effective in managing our CDOs receiving all of the cash distributions from these vehicles to date. We have three vehicles in place with the ability to invest in new assets until January 2012 in one of our CDOs. While there can be no assurances our CDO vehicles will continue to cash flow in the future. We will remain focused on optimizing and utilizing these facilities when possible.
Arbor's CEO Discusses Q1 2011 Results - Earnings Call Transcript
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