Single-Family Rental (SFR) Build-to-Rent Financing

ARBOR’s Single-Family Rental (SFR) Build-to-Rent Financing Arbor offers flexible loan solutions customized for your ground-up construction financing needs.*   ELIGIBLE PROPERTY TYPES Rental communities, comprised of: Single-family homes Townhomes Row homes Condos 2- to 4-unit structures ELIGIBLE LOCATIONS All states, except for Nevada ELIGIBLE BORROWER Must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC LOAN TERM 18 to 36 months MINIMUM LOAN AMOUNT $20M INTEREST RATE Floating MAXIMUM LTC 75% (80% in certain cases) LOAN SIZING Completed and stabilized properties expected to meet eligibility guidelines (LTV and DSCR) for Arbor permanent financing CONSTRUCTION FINANCING Borrower equity contributed first, Arbor debt funds remainder of project RECOURSE Recourse and non-recourse options available SPONSORSHIP Established track record and appropriate net worth and liquidity commensurate with transaction PRICING Based upon loan, borrower and project specifics *All final terms are subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package. V010423

Single-Family Rental (SFR) Fixed-Rate Term Financing

  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 Portfolios (minimum of 5 units per loan) of: Single-family homes Townhomes Row homes Condos 2- to 20-unit multifamily properties No owner-occupied units ELIGIBLE LOCATIONS All states, except for Nevada ELIGIBLE BORROWER Must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC LOAN TERM 5-, 7-, and 10-year MINIMUM LOAN AMOUNT $1.5M 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 Typically required for loans above $25M PREPAYMENTS/ASSET RELEASES Subject to either yield maintenance or step-down prepayment penalty structure RECOURSE Loans above $5M are non-recourse; loans $5M and below can be recourse or non-recourse SPONSORSHIP Established track record, appropriate net worth, and liquidity commensurate with the transaction PRICING Based upon loan and property specifics *All final terms are subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package. V010423

Articles

Coronavirus (COVID-19) Special Report

The coronavirus has sent shock waves through the global economy. With uncertainty rising, investors have quickly piled into safe-haven assets, sending bond yields to new depths. Multifamily will also see its turbulence, but it is well positioned to weather the storm.

Articles

COVID-19 CRE Impact Differs by Markets

Moody’s Analytics provided insights on the COVID-19 CRE impact, pointing out differences based on property types and geographic locations.

Articles

COVID-19 and Apartment Demand

RealPage presented a webcast on Covid-19 and apartment demand. Economists provided advice on retaining tenants, while forecasting the pandemic’s future effects on the economy.

General: 800.ARBOR.10

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From in-depth reports to impactful articles, Arbor is your source for exclusive content about key trends impacting investment within commercial real estate markets, including multifamily, single-family rentals, and affordable housing.

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