UNIONDALE, NY (December 14, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed transactions for five mobile home communities across the U.S. The properties, consisting of 470 units, were funded through the Fannie Mae DUS® Small Loan program. Austin Walker of Arbor’s New York City office originated the loans. “Arbor is dominant player in the financing of manufactured housing communities. These transactions require a great deal of attention to detail as the execution is highly specialized,” Walker said. “Our long-standing, trusted partnership with Fannie Mae allows us to tailor custom solutions to deliver best in class terms for our borrowers’ community financing needs.” Welcome Creek Mobile Home Park in Greenville, SC, received $3M in the third quarter of 2020. The 138-unit property is conveniently located near shopping and restaurants in downtown Greenville. Greenville Mobile Home Park in Taylors, SC, received $4M in the third quarter of 2020. Built in 1955, the 161-unit property is within walking distance to Eastside High School. North Star Mobile Home Community in Fort Collins, CO, received $2.7M in Read the full article…
UNIONDALE, NY (December 10, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Multifamily Affordable Housing (MAH) Green Rewards loan in Jacksonville, FL. The 444-unit property received $34.5M in refinancing with a fixed 12-year term, two-years of interest only payments, followed by a 30-year amortization schedule. Garth Davis of Arbor’s San Francisco office originated the deal. “This transaction highlights Arbor’s ability to find customized financial solutions for our borrowers,” Davis said. “We provided competitive bridge-to permanent acquisition funding which allowed our sponsor to reposition the property in the market and subsequently secure a Green Fannie Mae take-out, which maximized proceeds and provided a lower interest rate. In addition to helping our client reach their financial goals, tenants of the property received support from Arbor’s Rental Assistance Program (ARAP), an innovative collaboration, between Arbor and its borrowers to ease the financial burden of residents severely impacted by COVID-19.” Located in the heart of Jacksonville, FL, Topaz Villas includes two-bedroom townhomes and one to three bedroom apartments with walk-in closets and storage Read the full article…
Large SFR operators share COVID-19 strategies including how they increased brand loyalty, turning challenges into opportunities.
This article discusses how the single-family rental sector has adapted with COVID-19 SFR trends that continue to strengthen profitability.
UNIONDALE, NY (December 2, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded 12 transactions in CT and GA in partnership with Netz Capital Management and Tower Funding. The properties, comprised of 402 units, received $30.1M in financing. Robert Mendeles of Arbor’s Englewood Cliffs office originated the loans. “Arbor excels at creating long-lasting relationships because we understand our clients and their financial needs,” Mendeles said. “For nearly a decade we have partnered with Netz Capital Management and Tower Funding, providing innovative solutions across multiple product lines. These transactions exemplify our continued ability to deliver for our valued clients year after year.” HIGHLIGHTS OF TRANSACTIONS Eight properties in New Haven, CT, received funding through the Fannie Mae DUS® Small Loan program: Boulevard Apartments received $1.9M in refinancing in the second quarter of 2020. The recently renovated complex features 24 units with spacious floorplans and hardwood floors. Retail shopping and entertainment are in close proximity. 215 Fairfield Street received $1.4M in refinancing in the second quarter of 2020. Located about three miles from downtown New Read the full article…
During the first half of 2020, the multifamily lending environment experienced a historically high level of refinance activity, although there was a steep decline in sales activity.
Highlighting Arbor’s Q3 2020 Single-Family Rental Investment Trends Report, this video analyzes today’s heightened demand for SFRs.
Analyzing cap rates, this article explains why the multifamily sector remains one of the most stable real estate investment asset classes.
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