Sidley acted as issuer’s counsel to Arbor Realty CRE Notes 2021-FL3, Ltd., parent Arbor Realty Trust Inc., and other affiliated entities, in the establishment and issuance of a $1.5 billion CRE CLO securitization. The assets consist of a managed portfolio of bridge mortgage loans backed by commercial real estate properties. The transaction is the second largest CRE CLO ever issued.
The Sidley team was led by partner Steven T. Kolyer (Global Finance), and included counsel Louis Vitale (Global Finance), associates Michael T. Sweeney, Jason Yu, and Michael R. Fabrizio (Global Finance), with support from partners Robert M. Kreitman (Tax) and Rachpal K. Thind (Global Finance – UK), counsel William Shirley (Global Finance), associate Eno Usoro (Global Finance), and associates Tom Hunter (Global Finance – UK) and Zuza Savoff (Tax).
Arbor Realty Trust is a real estate investment trust (REIT) that invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States.