{ "markdown": "Arbor Has a Defined Path to Resolve Nearly All Existing\nDelinquencies and Reduce REO Substantially by Year-End\n\n\nVISIBLE PATH TO ADDRESS ~$1.1B OF NON-PERFORMING ASSETS\n\n\n\n\n\n\n\n
DELINQUENCIES | $525M PROJECTED RESOLUTION
ResolvedScheduledExpectedResolved<sup>1</sup>
$90M$105M$200M \u2013 $300MNEARLY ALL
JULYFIRST WEEK OF AUG.3Q26 \u2013 4Q26YEAR-END 2026
\n\n
REO ASSETS | ACTIVE MARKETING AND ASSET SALES\n\n\n\nThis diagram illustrates the strategy for reducing REO (Real Estate Owned) assets. It is composed of three horizontal rectangular panels arranged in a sequence.\n\n| Panel | Content |\n| :--- | :--- |\n| Left Panel (Light Green) | CURRENT BOOK $545M |\n| Middle Panel (Light Orange) | ~$250M EXPECTED REDUCTION through active marketing, targeted asset sales, and select property dispositions |\n| Right Panel (Light Blue) | YEAR-END 2026 TARGET ~$300M |\n\n\n\nThe diagram depicts a financial progression: starting from a current book value of $545 million, applying a reduction of approximately $250 million through specified strategic actions (active marketing, targeted sales, and property dispositions), to reach a year-end 2026 target of approximately $300 million.
\n\nAccelerated resolution should reduce the drag from non-earning assets and improve\nArbor's net interest income run-rate\n\n\nSource: Company filings (As of June 30, 2026)\n 1) Assumes no new delinquencies\n\n\n[Vertical bar chart icon]\n\n\n16\n\n", "structure": { "type": "document", "markdown": null, "children": [ { "type": "page", "page": null, "span": null, "width": null, "height": null, "dpi": null, "grounding": { "page": 1, "range": { "start": 0, "end": 1667 }, "box": { "xmin": 0.0, "ymin": 0.0, "xmax": 1.0, "ymax": 1.0 } }, "markdown": null, "status": "ok", "reason": null, "children": [ { "type": "text", "id": "text-0", "span": null, "grounding": { "page": 1, "range": { "start": 0, "end": 111 }, "box": { "xmin": 0.02733, "ymin": 0.0131, "xmax": 0.84353, "ymax": 0.11153 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 0, "end": 56 }, "box": { "xmin": 0.03334, "ymin": 0.01532, "xmax": 0.8069, "ymax": 0.0632 } }, { "page": 1, "range": { "start": 56, "end": 111 }, "box": { "xmin": 0.03443, "ymin": 0.06101, "xmax": 0.84046, "ymax": 0.10653 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "text", "id": "text-1", "span": null, "grounding": { "page": 1, "range": { "start": 113, "end": 169 }, "box": { "xmin": 0.04091, "ymin": 0.13438, "xmax": 0.96612, "ymax": 0.20018 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 113, "end": 169 }, "box": { "xmin": 0.04594, "ymin": 0.13884, "xmax": 0.96069, "ymax": 0.19538 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "table", "id": "table-0", "span": null, "grounding": { "page": 1, "range": { "start": 171, "end": 533 }, "box": { "xmin": 0.04089, "ymin": 0.20681, "xmax": 0.96554, "ymax": 0.47569 } }, "atomic_grounding": null, "markdown": null, "children": [ { "type": "table_cell", "id": "table_cell-0", "span": null, "grounding": { "page": 1, "range": { "start": 199, "end": 241 }, "box": { "xmin": 0.04774, "ymin": 0.21287, "xmax": 0.96007, "ymax": 0.26411 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 0, "col": 0, "colspan": 4, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-1", "span": null, "grounding": { "page": 1, "range": { "start": 260, "end": 268 }, "box": { "xmin": 0.04779, "ymin": 0.26391, "xmax": 0.28025, "ymax": 0.32355 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 1, "col": 0, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-2", "span": null, "grounding": { "page": 1, "range": { "start": 277, "end": 286 }, "box": { "xmin": 0.28009, "ymin": 0.26396, "xmax": 0.50595, "ymax": 0.32346 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 1, "col": 1, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-3", "span": null, "grounding": { "page": 1, "range": { "start": 295, "end": 303 }, "box": { "xmin": 0.50578, "ymin": 0.26401, "xmax": 0.74564, "ymax": 0.32339 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 1, "col": 2, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-4", "span": null, "grounding": { "page": 1, "range": { "start": 312, "end": 344 }, "box": { "xmin": 0.74554, "ymin": 0.26406, "xmax": 0.96004, "ymax": 0.3233 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 1, "col": 3, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-5", "span": null, "grounding": { "page": 1, "range": { "start": 363, "end": 367 }, "box": { "xmin": 0.04785, "ymin": 0.32346, "xmax": 0.28009, "ymax": 0.38938 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 2, "col": 0, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-6", "span": null, "grounding": { "page": 1, "range": { "start": 376, "end": 381 }, "box": { "xmin": 0.27991, "ymin": 0.32339, "xmax": 0.50578, "ymax": 0.38933 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 2, "col": 1, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-7", "span": null, "grounding": { "page": 1, "range": { "start": 390, "end": 403 }, "box": { "xmin": 0.50559, "ymin": 0.3233, "xmax": 0.74575, "ymax": 0.38928 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 2, "col": 2, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-8", "span": null, "grounding": { "page": 1, "range": { "start": 412, "end": 422 }, "box": { "xmin": 0.74564, "ymin": 0.32323, "xmax": 0.96, "ymax": 0.38922 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 2, "col": 3, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-9", "span": null, "grounding": { "page": 1, "range": { "start": 441, "end": 445 }, "box": { "xmin": 0.04792, "ymin": 0.38933, "xmax": 0.27991, "ymax": 0.46454 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 3, "col": 0, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-10", "span": null, "grounding": { "page": 1, "range": { "start": 454, "end": 472 }, "box": { "xmin": 0.27971, "ymin": 0.38928, "xmax": 0.50559, "ymax": 0.46455 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 3, "col": 1, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-11", "span": null, "grounding": { "page": 1, "range": { "start": 481, "end": 492 }, "box": { "xmin": 0.50537, "ymin": 0.38922, "xmax": 0.74588, "ymax": 0.46455 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 3, "col": 2, "colspan": 1, "rowspan": 1 }, { "type": "table_cell", "id": "table_cell-12", "span": null, "grounding": { "page": 1, "range": { "start": 501, "end": 514 }, "box": { "xmin": 0.74575, "ymin": 0.38918, "xmax": 0.95995, "ymax": 0.46456 } }, "atomic_grounding": [], "markdown": null, "children": null, "row": 3, "col": 3, "colspan": 1, "rowspan": 1 } ], "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "figure", "id": "figure-0", "span": null, "grounding": { "page": 1, "range": { "start": 535, "end": 1430 }, "box": { "xmin": 0.0404, "ymin": 0.48318, "xmax": 0.96763, "ymax": 0.71761 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 535, "end": 1430 }, "box": { "xmin": 0.0404, "ymin": 0.48318, "xmax": 0.96763, "ymax": 0.71761 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "text", "id": "text-2", "span": null, "grounding": { "page": 1, "range": { "start": 1432, "end": 1551 }, "box": { "xmin": 0.06218, "ymin": 0.76637, "xmax": 0.93849, "ymax": 0.86672 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 1432, "end": 1514 }, "box": { "xmin": 0.0896, "ymin": 0.78679, "xmax": 0.91004, "ymax": 0.81762 } }, { "page": 1, "range": { "start": 1514, "end": 1551 }, "box": { "xmin": 0.32306, "ymin": 0.81847, "xmax": 0.67783, "ymax": 0.84796 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "text", "id": "text-3", "span": null, "grounding": { "page": 1, "range": { "start": 1553, "end": 1632 }, "box": { "xmin": 0.04816, "ymin": 0.8809, "xmax": 0.24556, "ymax": 0.92047 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 1553, "end": 1599 }, "box": { "xmin": 0.05248, "ymin": 0.88508, "xmax": 0.24133, "ymax": 0.90031 } }, { "page": 1, "range": { "start": 1599, "end": 1632 }, "box": { "xmin": 0.05277, "ymin": 0.90073, "xmax": 0.194, "ymax": 0.91578 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "logo", "id": "logo-0", "span": null, "grounding": { "page": 1, "range": { "start": 1634, "end": 1660 }, "box": { "xmin": 0.87173, "ymin": 0.94062, "xmax": 0.92192, "ymax": 0.99357 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 1634, "end": 1660 }, "box": { "xmin": 0.87369, "ymin": 0.94317, "xmax": 0.91862, "ymax": 0.9917 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "marginalia", "id": "marginalia-0", "span": null, "grounding": { "page": 1, "range": { "start": 1662, "end": 1665 }, "box": { "xmin": 0.93824, "ymin": 0.95888, "xmax": 0.9578, "ymax": 0.98103 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 1662, "end": 1665 }, "box": { "xmin": 0.94094, "ymin": 0.96299, "xmax": 0.95435, "ymax": 0.97767 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null } ] } ] }, "grounding": null, "metadata": { "req_id": null, "job_id": "parse-01m2p80zk03w057j3ptph2kacc", "model_version": "dpt-3-pro-20260710", "page_count": 1, "markdown_chars": null, "output_markdown_chars": 1714, "range_units": "unicode_codepoints", "openapi_spec": "https://api.ade.landing.ai/openapi.json", "failed_pages": [], "duration_ms": 12031, "billing": { "service_tier": "standard", "total_credits": 1.0 } } }