Arbor asks CBRE for update in light of loan troubles

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NEW YORK | Tue Jan 22, 2008 12:20pm EST

NEW YORK Jan 22 (Reuters) - Arbor Realty Trust Inc (ABR.N) said on Tuesday that it wanted CBRE Realty Finance CBF.N to clarify its outlook after one large loan in one of its pools defaulted and, Arbor said, another high profile loan may follow.

"We would like to know whether your comments of November 12, 2007, 'We have no nonperforming loans in our debt portfolio, ... and overall [I] am personally satisfied with the current performance of our core portfolio' are true and correct currently or need to be updated to not omit material facts in light of the current market and circumstances," Ivan Kaufman, Arbor's chief executive wrote in a letter to Kenneth Witkin, CBRE Financial's chief executive. (Reporting by Ilaina Jonas; Editing by Brian Moss)

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