ARBOR’s Single-Family Rental (SFR) Fixed-Rate Term Financing
Arbor offers flexible permanent financing solutions for long-term stabilized rental income.*
| ELIGIBLE PROPERTY TYPES | Single-family homes, townhomes, row homes, condos, and 2- to 20-unit multifamily properties; minimum five units per loan, no owner-occupied units |
| ELIGIBLE LOCATIONS | All 50 states |
| ELIGIBLE BORROWER | Must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC |
| LOAN TERM | 5-, 7- and 10-year terms available |
| MINIMUM LOAN AMOUNT | $1M |
| MAXIMUM LTV | 75% (30-year amortizing); 70% (full-term interest-only) |
| MINIMUM DSCR | 1.20x |
| INTEREST RATE | Fixed |
| OCCUPANCY REQUIREMENTS | 90% occupied at rate lock |
| LEASES | Minimum 12-month leases |
| CASH MANAGEMENT | Required for loans above $15M |
| PREPAYMENTS/ASSET RELEASES | Subject to either yield maintenance or step-down prepayment penalty structure |
| RECOURSE | Loans above $5M are nonrecourse; loans $5M and below can be recourse or nonrecourse |
| SPONSORSHIP | Established track record and appropriate net worth and liquidity commensurate with transaction |
| PRICING | Based upon loan and property specifics |
*All final terms subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package
V010622
