ARBOR’s Single-Family Rental (SFR) Fixed-Rate Permanent Financing
Arbor offers flexible solutions customized for your growing rental portfolio.*
ELIGIBLE PROPERTY TYPES | Single-family homes, townhomes, row homes, condos, and 2-20 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); 65% (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 | 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 DSCR and LTV |
*All final terms subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package
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