Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 8.01 below is incorporated by reference into this Item 2.03.

Item 7.01 Regulation FD Disclosure.

On February 19, 2020, the Company announced the pricing, and on March 4, 2020, the Company announced the closing, of the offering of the Notes disclosed in Items 8.01 and 2.03 of this Form 8-K. Copies of the press releases issued are furnished as Exhibits 99.1 and 99.2 hereto.




Item 8.01 Other Events.




4.50% Senior Notes due 2027

On March 4, 2020, Arbor Realty Trust, Inc., a Maryland corporation (the "Company"), completed the issuance and sale of $275,000,000 aggregate principal amount of its 4.50% Senior Notes due 2027 (the "Notes") pursuant to a Note Purchase Agreement (the "Purchase Agreement"), by and among the Company, Arbor Realty Limited Partnership, a Delaware limited partnership, and the purchasers named therein (the "Purchasers"), whereby the Company agreed to sell to the Purchasers and the Purchasers agreed to purchase from the Company, subject to and upon the terms and conditions set forth in the Purchase Agreement, the Notes. The Company intends to use the net proceeds from the offering to repay secured indebtedness.

The Notes were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes were offered only to persons reasonably believed to be "qualified institutional buyers" under Rule 144A and institutional accredited investors under Rule 501(a)(1), (2), (3) or (7). The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Item 9.01 Financial Statements and Exhibits.






(d)      Exhibits



Exhibit Number                                   Exhibit

4.1              In accordance with Item 601(b)(4)(iii)(A) of Regulation S-K, certain
                 instruments with respect to long-term debt of the registrant have been
                 omitted but will be furnished to the Securities and Exchange Commission
                 upon request.

  99.1             Press Release, dated February 19, 2020, entitled "Arbor Realty Trust,
                 Inc. Announces Pricing of $275 Million Senior Unsecured Notes
                 Offering."

  99.2             Press Release, dated March 4, 2020, entitled "Arbor Realty Trust,
                 Inc. Closes Offering of $275 Million of Senior Unsecured Notes due
                 2027."

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