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Arbor Realty Trust closes $25M senior note offering

Mortgage real estate investment trust Arbor Realty Trust Inc. closed its private placement to eligible purchasers of $25 million of 5.625% senior unsecured notes due May 1, 2023.

Arbor Realty Trust plans to use the net proceeds to make investments and for general business purposes.

The offering was made under a reopening of the company's existing series of such notes.

Sandler O'Neill & Partners LP served as the initial purchaser for the offering.