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UNIONDALE, N.Y. (AP) -- Real estate investment trust Arbor Realty Trust said Tuesday it increased its financing facility to $100 million from $50 million among other amendments. Additionally, the REIT reduced borrowing costs and extended the facility's maturity to September 2008 from December 2007. Arbor Realty now can finance junior participation interests. Shares of the company gained 40 cents, or 2.2 percent, to $18.54 in morning trading.
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