While the 2008 financial crisis prompted a cyclical shift in U.S. housing — impacting everything from home prices to who can qualify for a mortgage — an equally impactful demographic change was just taking shape. The unprecedented wave of Baby Boomers that began retiring would disrupt the balance of the housing market.
As secondary and tertiary markets continue to gain parity with larger primary cities around the nation, they offer investors a significant potential for return on investment, even as the U.S. and global economic landscapes face notable headwinds.
The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.
UNIONDALE, N.Y., March 14, 2023 (GLOBE NEWSWIRE) – Arbor Realty Trust (NYSE: ABR), announced today that the Company is in receipt of the purported “research” report that was published earlier today by Ningi Research, a short seller of Arbor stock. The report lacks merit and contains numerous inaccuracies, misstatements, and otherwise misleading allegations. This false Read the full article…
Arbor Senior Vice President, Special Projects, Governance and Risk, Leah Fisher recently spoke on a thought-provoking panel discussion at InnovateESG 2023, a conference focused on environmental, social, and governance missions, hosted by NYU Stern’s Chen Institute for Global Real Estate Finance.
SFR will maintain exposure to the cyclical disruption brought on by the housing market’s softness and rising interest rates, even though its structural growth outlook remains positive and unchanged.
From Standard DUS® to Small Loans to Structured ARMs, Fannie Mae multifamily loans provide excellent terms and competitive, tiered pricing that enable investors to generate steady and reliable income streams in all economic cycles.
The Mortgage Bankers Association’s CREF23 conference in San Diego in mid-February included comprehensive and insightful panel discussions led by some of the brightest minds in multifamily. During the four-day event, key themes and takeaways emerged that will likely shape the conversation on multifamily financing throughout the year.
Arbor offers a complimentary loan program to our existing product lines to give borrowers added flexibility and financing options for their market-rate properties.
$4 million minimum
5-, 7- and 10-year options
30 years; interest-only periods can range from zero to ten years, determined by leverage, debt yield, market and overall credit quality
1.25x
75% (amortizing); 65% (full-term interest-only)
7%; exceptions considered on a case-by-case basis
Fixed rate over the greater of the 10-year Treasury rate or 10-year swap rate; spread varies based on risk and terms
Minimum of 0.25%
Springing Lockbox upon EOD
Mezzanine debt available on a case-by-case basis; program can also allow for future mezzanine debt
Borrower must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC. Sponsor must have an established track record, appropriate net worth and liquidity commensurate with transaction; normal expectations are a minimum net worth equal to the loan amount and liquidity of no less than 10% of the loan amount
85%
Conventional multifamily
Monthly deposits required
Monthly deposits required
Generally nonrecourse with standard carve-outs
Defeasance; open during last three months of loan term
Available on a case-by-case basis
One-time assumption, subject to lender approval and payment of 1% fee
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