FANNIE MAE DUS® Adjustable Rate Mortgage (ARM) 5-5 Arbor’s DUS® ARM 5-5 product offers a 5-year variable rate financing option with an embedded cap and an option to extend for an additional 5-year term or convert to a fixed rate. BENEFITS Attractive low-cost financing; no minimum or maximum loan size; maximum interest rate is set at rate lock; optional extension to second 5-year term with minimal reunderwriting; convertible to a fixed-rate loan with minimal re-underwriting ELIGIBILITY Existing, stabilized multifamily properties, including: Conventional, Multifamily Affordable Housing, Seniors Housing, Student Housing, and Manufactured Housing Communities; loans for acquisition or refinance TERM Initial 5-year loan term; optional extension to a second 5-year term at maturity; rollover will retain the same guaranty and servicing fees as the original loan; rollover will not incur a prepayment premium AMORTIZATION Up to 30 years INTEREST RATE ADJUSTMENTS Adjusts based on changes to the underlying index and is equal to the index plus the margin MAXIMUM LTV 65% MINIMUM DSCR 1.00x at the maximum lifetime interest rate; mortgage loan amount shall not exceed that of a fixed Read the full article…
Los Angeles Multifamily Investment Snapshot — Q3 2018
![Mid-day Los Angeles city scape](https://arbor.com/wp-content/uploads/2018/12/Arbor_MultifamilyInvestment_Snapshot-LA-2018Q3-blog-post-header.jpg)
Here’s a quick look at Los Angeles’ multifamily benchmarks for the third quarter of 2018. For more on the multifamily finance and investment opportunities in the L.A. market, view our recent webinar.
![Mid-day Los Angeles city scape](https://arbor.com/wp-content/uploads/2018/12/Arbor_MultifamilyInvestment_Snapshot-LA-2018Q3-blog-post-header.jpg)
Hunting High-Yield SFR Markets: Where to Find Double-Digit Returns
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Single-family rentals (SFR) are anything but a passive investment. Much more goes into net operating income (NOI) or, more accurately, detracts from it than just gross rents. Investors must also consider rehab, taxes, concessions, vacancies, and a myriad of other expenses. And like any other investment, higher returns are generally associated with higher investment risk.
![Button with profit on it being cranked up to high setting](https://arbor.com/wp-content/uploads/2018/11/HouseCanary-SFR-article-RESIZE.jpg)
How Property Managers Handle Piling Up Packages
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The growth of e-commerce has impacted many aspects of the real estate industry, and multifamily is no exception. As apartment renters increasingly shop online, property managers are grappling with the best strategy for dealing with an influx of package deliveries to their communities.
![e-commerce-packages-delivery-nmhc-kingsley-apartment-renters-online-shopping](https://arbor.com/wp-content/uploads/2018/11/NMHC-Infographic-Package-Delivery-RESIZE.jpg)
New Millennial Renters More Likely to be in STEAM Occupations
![Milennial woman with safety glasses on performing science experiment](https://arbor.com/wp-content/uploads/2018/11/Millennials-STEAM-Occupations-RESIZE.jpg)
Small asset multifamily continues to support a broad range of Millennial workers, while those in Science, Technology, Engineering, Arts/Design and Math (STEAM) occupations are renting at a faster clip.
![Milennial woman with safety glasses on performing science experiment](https://arbor.com/wp-content/uploads/2018/11/Millennials-STEAM-Occupations-RESIZE.jpg)
Webinar: How to Spot Strong Small Balance Multifamily Investment Opportunities in L.A.
![Palm trees in front of massive apartment complex in Los Angeles](https://arbor.com/wp-content/uploads/2018/11/GettyImages-918624832-LA-Webinar-1024x683-1.jpg)
Join Arbor and Freddie Mac for our complimentary live webinar on Tuesday, Dec. 4 at 2:00 p.m. EST, hosted by Los Angeles Business Journal, to learn about the small balance finance and investment opportunities in L.A.!
![Palm trees in front of massive apartment complex in Los Angeles](https://arbor.com/wp-content/uploads/2018/11/GettyImages-918624832-LA-Webinar-1024x683-1.jpg)
Millennial Renter Income Profiles Mirror Market Averages
![Man in business attire being handed a check from across the table](https://arbor.com/wp-content/uploads/2018/11/Millennials-Income-Profile-RESIZE.jpg)
Young adult apartment renters earn as much as their older neighbors, with those living alone earning significantly higher income than the market average in downtown locations.
![Man in business attire being handed a check from across the table](https://arbor.com/wp-content/uploads/2018/11/Millennials-Income-Profile-RESIZE.jpg)
Small Apartment Properties Experience Uptick in Young Adults Renting Alone
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As apartments continue to support Millennial demand in a variety of ways, small asset multifamily is experiencing an appreciable uptick in young renters living alone across the rental market.
![Young hip female smiling at her laptop as she sits on floor next to couch](https://arbor.com/wp-content/uploads/2018/11/Small-Asset-Multifamily-Renters-Living-Alone-RESIZE.jpg)
Webinar: Optimizing Your Portfolio with Small Multifamily Financing
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View our webinar on finance and investment opportunities in the small multifamily space! Moderated by economist Sam Chandan, this complimentary on-demand webinar from Arbor and Fannie Mae will present actionable ways for small multifamily owners and operators to optimize and expand their portfolios.
![Hands on keyboard and mouse pad of laptop in dimly lit room](https://arbor.com/wp-content/uploads/2018/11/Webinar-graphic-for-carousel-and-blog-post.jpg)
How Do Rents Compare by Unit Mix in New and Old Buildings?
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Small apartment properties present strong value at both ends of the property age spectrum, with the most recent and prewar properties outperforming market averages across unit size.
![Hand drawing line and triangle on lens of camera with white market](https://arbor.com/wp-content/uploads/2018/10/Rents-Compare-by-Unit-Mix-RESIZE.jpg)
Apartment Inventory Reveals Decades-Long Shift Toward Larger Unit Sizes
![Interior of empty apartment with wood floors and white paint job](https://arbor.com/wp-content/uploads/2018/10/Apartment-Inventory-larger-unit-sizes-RESIZE.jpg)
While small and large apartment buildings are specialized in terms of unit mix, inventory additions over time have been skewed toward larger units across both asset classes.
![Interior of empty apartment with wood floors and white paint job](https://arbor.com/wp-content/uploads/2018/10/Apartment-Inventory-larger-unit-sizes-RESIZE.jpg)