Arbor Realty Trust, Inc. focuses on providing capital across a varied portfolio of structured financial products within the United States' multifamily, single-family rental, and commercial property sectors. The company's operations are divided into two main segments: Structured Business and Agency Business. Through its structured activities, it primarily funds bridge loans for short-term property acquisitions, mezzanine financing (which is subordinate to senior debt but senior to equity), preferred and direct equity stakes, and junior participations in first mortgages. Additionally, it engages in real estate-related joint ventures, notes, and mortgage-backed securities. Its Agency Business involves the entire lifecycle of multifamily mortgage loans, encompassing underwriting, origination, sale into conduit/commercial mortgage-backed securities programs, and subsequent servicing. Recognized as a Real Estate Investment Trust (REIT) for federal income tax purposes, the company typically avoids federal corporate income taxes by distributing a minimum of 90% of its taxable earnings to its shareholders. Arbor Realty Trust, Inc. was established in 2003 and its corporate headquarters are located in Uniondale, New York.