Arbor Realty Trust said Tuesday it has priced a second securitization backed by commercial real estate bridge loans.

The deal, to be issued by two newly formed subsidiaries, willl include approximately $177 million of investment grade debt paying an interest rate of approximately 235 basis poinst over one-month Libor, excluding fees and transaction costs. Arbor expects to retain an equity interest in the portfolio of approximately $83 million.

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