UNIONDALE, N.Y., Jan. 16, 2013 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust focused on the business of investing in real estate related bridge and mezzanine loans, preferred and direct equity investments, mortgage-related securities and other real estate related assets, today announced the pricing of a collateralized loan obligation (CLO) to be issued by two newly-formed subsidiaries of Arbor. Based on current balances within the collateral portfolio, Arbor expects the facility to issue approximately $177 million of investment grade-rated debt. Arbor expects to retain an equity interest in the portfolio of approximately $83 million. The transaction is expected to close by the end of January 2013, subject to satisfaction of customary closing conditions.
Arbor Realty Trust Prices Second Collateralized Loan Obligation
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