UNIONDALE, N.Y., Jan. 28, 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 closing of a $260 million collateralized loan obligation (CLO) issued by two newly-formed subsidiaries of Arbor. An aggregate of $177 million of investment grade-rated debt was issued and Arbor retained an equity interest in the portfolio of approximately $83 million. The $260 million of collateral includes $50 million of additional capacity to finance future loans for a period of up to 90 days from the closing date of the CLO.
Arbor Realty Trust Closes Second Collateralized Loan Obligation
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