May 28, 2024 – Arbor has modified loans against 127 properties in its CLO to May 2024. In its Q1 2024 earnings call, Arbor CEO Ivan Kaufman claimed that “Fresh capital [is] brought to the table in every one of these deals”.
Viceroy reached out to syndicates with modified loans – both in and out of Arbor’s CLOs – to request investment packs and details of investment opportunities available. The IR team of heavily distressed Elevate Commercial Investment Group immediately divulged the favorable terms in which Arbor recapitalized their loan(s).
Syndicators have explicitly confirmed that Arbor has kicked the can of delinquent loans at their own expense.
Arbor has extended mezzanine financing to delinquent customers.