DBRS Discontinues Arbor Realty Commercial Real Estate Notes 2015-FL1, Ltd.

DBRS, Inc. (DBRS) discontinued the ratings on all classes of Secured Floating Rate Notes (the Notes) issued by Arbor Realty Commercial Real Estate Notes 2015-1 FL1, Ltd. as the trust was collapsed with the September 2017 remittance. This concludes DBRS’s surveillance of the transaction.

Notes:
The principal methodology is CMBS North American Surveillance, which can be found on dbrs.com under Methodologies. For a list of the Structured Finance related methodologies that may be used during the rating process, please see the DBRS Global Structured Finance Related Methodologies document on www.dbrs.com. Please note that not every related methodology listed under a principal Structured Finance asset class methodology may be used to rate or monitor an individual structured finance or debt obligation.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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