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.
