Another Record Year for Small Multifamily Loans While small multifamily loan activity slowed in the fourth quarter, 2016 was a record breaking year with over $47.6B in lending activity. That’s up 6.1% from 2015’s previous high-water mark of $44.9B. Produced in conjunction with Chandan Economics and tailored specifically for the small multifamily investor, ALEX Chatter’s Q4 2016 Small Balance Multifamily Investment Trends Report examines current movement in: Origination Volume Cap Rates Debt Yields LTVs
Research
Though income improvement has recently surpassed rent growth, new research finds that small properties (5 to 49 units) continue to provide a relatively more affordable option compared to large apartment buildings.
FHA® 232/223(a)(7): REFINANCING HUD-INSURED HEALTHCARE LOANS V030419
FHA® 231: Age-Restricted New Construction/Sub Rehab Arbor provides FHA-insured, long-term, fixed-rate financing for new construction or substantial rehabilitation of seniors apartments restricted to age 62 and above. Applications typically processed as a two-stage application (preliminary application followed by firm application). HUD-experienced development teams may request “straight to firm” application, saving significant time by eliminating the preliminary application stage. V022024
FHA® 241(a): Supplemental Loan for Repairs, Additions, or Improvements to HUD First Mortgage Properties HUD-Insured second mortgage provided by Arbor to finance repairs, additions and improvements to multifamily properties and healthcare facilities with existing HUD-insured first mortgage. V022024
FHA® 232/223(f): Healthcare Refinance, Acquisition, or Mod Rehab Arbor provides FHA-insured, long-term, fixed-rate financing for refinance, acquisition or moderate renovation of assisted living and nursing facilities nationwide. Arbor uses the single-stage LEAN program to expedite underwriting and approval. V030419
FHA®221(d)(4): NEW CONSTRUCTION AND SUBSTANTIAL REHAB Arbor provides FHA-insured, long-term, fixed-rate financing for new construction or substantial rehabilitation of multifamily projects nationwide. Applications are typically processed as a two-stage application (preliminary application followed by firm application). HUD-experienced development teams may request “straight to firm” application, saving significant time by eliminating the preliminary application stage.
FHA® 223(f): Refinance, Acquisition, or Moderate Renovation Arbor provides FHA-insured, long-term, fixed-rate financing for refinance, acquisition, or moderate renovation of multifamily projects nationwide. Arbor uses the single-stage Multifamily Accelerated Processing (MAP) program to expedite underwriting and approval. V020224
