[
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 3,
    "table_id": "arbor-realty-trust-investor-presentation-p3-t1",
    "title": "Differentiated Business Model",
    "row": 1,
    "col": 1,
    "text": "Multiple revenue opportunities across borrower's life cycle",
    "status": "defect",
    "note": "The image shows the text 'Multiple revenue opportunities across borrower's life cycle' printed in italics at the top of the Platform column."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 1,
    "col": 1,
    "text": "Originate real estate loans and hold on balance sheet<br/>Invests in the multifamily, Single-Family Rental, and commercial real estate markets",
    "status": "unverified",
    "note": "The image shows two bullet points printed in the Structured Business column under Description: 'Originate real estate loans and hold on balance sheet' and 'Invests in the multifamily, Single-Family Rental, and commercial real estate markets'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 1,
    "col": 2,
    "text": "Originate, sell, and service real estate loans for GSEs<br/>Short-term assets: Loans held-for-sale1<br/>Long-term assets: Capitalized mortgage servicing rights (\"MSRs\")2",
    "status": "unverified",
    "note": "The image shows three bullet points printed in the Agency Business column under Description: 'Originate, sell, and service real estate loans for GSEs', 'Short-term assets: Loans held-for-sale\u00b9', and 'Long-term assets: Capitalized mortgage servicing rights (\"MSRs\")\u00b2'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 2,
    "col": 1,
    "text": "Best-in-class balance sheet loan origination business<br/>Strong risk-adjusted returns<br/>Proprietary Single-Family Rental platform<br/>Weighted average of ~21 months to maturity3",
    "status": "unverified",
    "note": "The image shows four bullet points printed in the Structured Business column under Highlights: 'Best-in-class balance sheet loan origination business', 'Strong risk-adjusted returns', 'Proprietary Single-Family Rental platform', and 'Weighted average of ~21 months to maturity\u00b3'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 2,
    "col": 2,
    "text": "Capital-light business<br/>High barriers to entry<br/>Visibility on prepayment protected annual servicing fee revenue of ~$129M4<br/>Weighted average life of portfolio of ~6 years",
    "status": "unverified",
    "note": "The image shows four bullet points printed in the Agency Business column under Highlights: 'Capital-light business', 'High barriers to entry', 'Visibility on prepayment protected annual servicing fee revenue of ~$129M\u2074', and 'Weighted average life of portfolio of ~6 years'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 3,
    "col": 1,
    "text": "Mezzanine and Preferred Equity loans $0.5<br/>SFR bridge loans $3.3<br/>Multifamily bridge loans $7.9<br/>Structured loan portfolio $12.0B",
    "status": "unverified",
    "note": "The image shows portfolio breakdown text in the Structured Business column with labels and amounts: 'Mezzanine and Preferred Equity loans $0.5', 'SFR bridge loans $3.3', 'Multifamily bridge loans $7.9', and 'Structured loan portfolio $12.0B' (the last visible in the donut chart center)."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 3,
    "col": 2,
    "text": "Fannie Mae $24.3<br/>Freddie Mac $7.4<br/>Private Label $2.5<br/>APC $0.3<br/>GSE servicing $2.5<br/>Other $2.1<br/>Total $36.3B",
    "status": "unverified",
    "note": "The image shows portfolio breakdown text in the Agency Business column with labels and amounts: 'Fannie Mae $24.3', 'Freddie Mac $7.4', 'Private Label $2.5', 'APC $0.3', 'GSE servicing $2.5', 'Other $2.1', and 'Total $36.3B' (visible in and around the donut chart)."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 7,
    "table_id": "arbor-realty-trust-investor-presentation-p7-t1",
    "title": "Arbor has Two Distinct Yet Complementary Business Lines",
    "row": 4,
    "col": 2,
    "text": "Servicing fees4 43%<br/>Gain on sale of loans1,6 24%<br/>Interest earned on escrows 17%<br/>Interest income on loans held-for-sale1 16%<br/>% of LTM Agency Net Revenue5",
    "status": "unverified",
    "note": "The image shows income stream breakdown in the Agency Business column with items and percentages: 'Servicing fees\u2074 43%', 'Gain on sale of loans\u00b9,\u2076 24%', 'Interest earned on escrows 17%', 'Interest income on loans held-for-sale\u00b9 16%', and the header '% of LTM Agency Net Revenue\u2075'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 13,
    "table_id": "arbor-realty-trust-investor-presentation-p13-t1",
    "title": "Operational Excellence",
    "row": 0,
    "col": 0,
    "text": "Category",
    "status": "unverified",
    "note": "The image shows no printed header text in the top-left cell; the table begins directly with category labels in the left column."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 13,
    "table_id": "arbor-realty-trust-investor-presentation-p13-t1",
    "title": "Operational Excellence",
    "row": 0,
    "col": 1,
    "text": "Details",
    "status": "unverified",
    "note": "The image shows no printed header text in the top-right cell; the table begins directly with bullet-point details in the right column."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 13,
    "table_id": "arbor-realty-trust-investor-presentation-p13-t1",
    "title": "Operational Excellence",
    "row": 13,
    "col": 1,
    "text": "\u2713 Completed debut $500M high-yield bond offering and Ba2 / BB public ratings from Moody's and Fitch",
    "status": "unverified",
    "note": "The image prints this text with a checkmark: 'Completed debut $500M high-yield bond offering and Ba2 / BB public ratings from Moody's and Fitch' on a single line in the right column."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 14,
    "table_id": "arbor-realty-trust-investor-presentation-p14-t1",
    "title": "PORTFOLIO OVERVIEW",
    "row": 0,
    "col": 0,
    "text": "Metric",
    "status": "unverified",
    "note": "The image shows no printed header text in the left column position; the table begins directly with the row label 'Total Portfolio'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 14,
    "table_id": "arbor-realty-trust-investor-presentation-p14-t1",
    "title": "PORTFOLIO OVERVIEW",
    "row": 0,
    "col": 1,
    "text": "Value",
    "status": "unverified",
    "note": "The image shows no printed header text in the right column position; the table begins directly with the data value '$12.0B'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 15,
    "table_id": "arbor-realty-trust-investor-presentation-p15-t1",
    "title": "Non-Performing Assets - 2025-2026",
    "row": 16,
    "col": 8,
    "text": "1 21",
    "status": "defect",
    "note": "The image shows a superscript '1' printed after the value '$520,766' in the Ending Balance row of the REO Rollforward table for 1Q26, followed by the number '21' in the next column."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 18,
    "table_id": "arbor-realty-trust-investor-presentation-p18-t1",
    "title": "Highly Diversified Capital Structure",
    "row": 0,
    "col": 0,
    "text": "Item",
    "status": "header_label_added",
    "note": "The image shows a stacked bar chart with labeled arrows pointing to each segment (e.g., 'Collateralized loan obligations', 'BTR securitization', etc.), with no printed header row above the chart itself."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 18,
    "table_id": "arbor-realty-trust-investor-presentation-p18-t1",
    "title": "Highly Diversified Capital Structure",
    "row": 0,
    "col": 2,
    "text": "Details",
    "status": "unverified",
    "note": "The image shows detailed bullet-point explanations printed to the right of the chart for each category, but no column header labeled 'Details' is printed at the top of this section."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 18,
    "table_id": "arbor-realty-trust-investor-presentation-p18-t1",
    "title": "Highly Diversified Capital Structure",
    "row": 2,
    "col": 2,
    "text": "Extensive experience with CRE CLOs; 2 outstanding legacy nonrecourse CLOs totaling ~$1.8B; 2.05% over SOFR; 70% leverage; CLO 20; 1 $1.1B nonrecourse; 1.82% over SOFR; 89% leverage; 2.5-year replenishment; CLO 21; $762M nonrecourse; 1.73% over SOFR; 88% leverage; 2.5-year replenishment; Match-funded with locked-in spreads; Wtd. average advance rate of 79%",
    "status": "unverified",
    "note": "The image prints detailed bullet points to the right of the chart under the Collateralized loan obligations section, including 'Extensive experience with CRE CLOs', information about legacy CLOs, CLO 20, CLO 21, match-funded spreads, and weighted average advance rate of 79%."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 18,
    "table_id": "arbor-realty-trust-investor-presentation-p18-t1",
    "title": "Highly Diversified Capital Structure",
    "row": 3,
    "col": 2,
    "text": "BTR CLO, improved terms over our warehouse lines; 80% leverage, 2-year replacement",
    "status": "unverified",
    "note": "The image prints bullet points for BTR securitization including 'BTR CLO, improved terms over our warehouse lines' and '80% leverage, 2-year replacement'."
  },
  {
    "source": "/home/mande/repo/quber/experiments/ade_rag_playground/data/uploads/arbor-realty-trust-investor-presentation.pdf",
    "page": 18,
    "table_id": "arbor-realty-trust-investor-presentation-p18-t1",
    "title": "Highly Diversified Capital Structure",
    "row": 4,
    "col": 2,
    "text": "CLO-like $1.2B repurchase facility used to unwind 2 CLO vehicles in full; 1.85% over SOFR; 80% leverage; 88% non-recourse; ~$8.5B secured indebtedness of which ~80% is non-recourse and ~58% is non-mark-to-market, non-recourse, long-dated securitized/CLO-like debt with average pricing of ~2.05% (w/o fees) over SOFR",
    "status": "unverified",
    "note": "The image prints bullet points for CLO repurchase facility including 'CLO-like $1.2B repurchase facility used to unwind 2 CLO vehicles in full', '1.85% over SOFR; 80% leverage; 88% non-recourse', and a boxed note about '~$8.5B secured indebtedness of which ~80% is non-recourse and ~58% is non-mark-to-market, non-recourse, long-dated securitized/CLO-like debt with average pricing of ~2.05% (w/o fees) over SOFR'."
  }
]