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Arbor Realty Trust Inc. during the last quarter made big inroads in addressing delinquencies in its $12.25 billion loan portfolio. It negotiated the modification of 40 troubled loans with a balance of $1.9 billion, helping harply reduce the volume of loans that it had classified as being less than 60 days late. As part of the modifications, its borrowers had ponied up a total of $45 million of fresh capital. A big chunk of that went toward buying new interest-rate caps on $1.65 billion of the loans, with the remainder being used to fund interest and renovation reserves. A total of $713 million of the $1.9 billion of loans that were modified were classified as being less than 60 days late last quarter. Those have all been made current. Another $40 million were nonperforming, meaning Arbor was not accruing interest from any of the loans.