Arbor Realty Trust has entered into $15 million revolving line of credit

Arbor Realty Trust, Inc. has entered into a $15 million committed revolving line of credit with a one year term, which is secured by a portion of the bonds originally issued by the company's CDO entities that have been repurchased by Arbor. This facility has a 1% commitment fee, a 1% non-use fee and pays interest at a fixed rate of 8% on any drawn portion of the line. "We are very pleased to have closed this financing facility, which gives us another source of liquidity to fund our future business. We are also pleased with the flexibility of this facility, as well as in our ability to extract additional value from our investments by levering some of our CDO bonds that we repurchased from the market at significant discounts," said Ivan Kaufman, the company's chairman and chief executive officer. About Arbor Realty Trust, Inc. Arbor Realty Trust, Inc. is a real estate investment trust, which invests in a diversified portfolio of multi-family and commercial real estate related bridge and mezzanine loans, preferred equity investments, mortgage related securities and other real estate related assets. Arbor commenced operations in July 2003 and conducts substantially all of its operations through its operating partnership, Arbor Realty Limited Partnership and its subsidiaries. Arbor is externally managed and advised by Arbor Commercial Mortgage, LLC, a national commercial real estate finance company operating through 14 offices in the US that specializes in debt and equity financing for multi-family and commercial real estate.