HUD has removed its three-year requirement for section 223(f) refinancing.
HUD has removed its three-year requirement for section 223(f) refinancing.
Arbor Realty Trust and Chandan Economics analyze trends of who is living in single-family rentals, small multifamily and large multifamily housing.
The Milken Institute’s Best-Performing Cities series has been used by real estate investors for two decades to identify strong markets and guide future investment. Here’s a look at some of the cities that topped the 2020 list.
UNIONDALE, NY (February 25, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $19M Fannie Mae Streamlined Rate Lock (SRL) loan in Santa Monica, CA. The refinance cash-out deal for this 34-unit luxury apartment complex features 10 years full term interest only. Garth Davis of Arbor’s San Francisco office originated the deal. “This deal was unique in several ways, but mainly that it is a brand new build in Santa Monica, which is quite rare,” said Davis. “We were able to accomplish this transaction swiftly by negotiating with our long-term Fannie Mae partners to replace the borrower’s construction loan with an attractive permanent solution.” Built in 2019, Pico Eleven Luxury Residences offer amenities such as spacious, brightly lit open floor plans and top-of-the-line appliances. Outdoor features include large private decks and three ocean view community lounge areas with barbecues, firepits and WiFi access. The complex is also conveniently located near shopping venues, local parks and beaches, as well as the Santa Monica Pier Aquarium. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is Read the full article…
NIC data projects a growing need for baby boomers’ senior housing. This generation is expected to explore different healthcare and group living options.
The top U.S. multifamily markets by sales volume included major cities like Manhattan and Chicago, with several Sun Belt metros making the list.
UNIONDALE, NY (February 25, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae DUS® loan in Homewood, AL. The multifamily property received $15.2M in cash-out refinancing with a 12-year fixed rate. Matt Norman of Arbor’s Bloomington, Indiana, office originated the loan. “Arbor provided for the refinance of a terminating Fannie Mae loan, which afforded the sponsor an opportunity to secure additional funds for future improvements to the property, while maintaining its place as a workforce housing leader in the submarket,” Norman said. The Crescent at Lakeshore Apartments in Homewood, AL, was built in 1967 and renovated in 2013. The 220-unit garden style property includes spacious modern living areas, crown moldings and walk-in closets. It also features a fitness center, swimming pool and playground. Retail shopping and the Birmingham Zoo are nearby. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered Read the full article…
Multifamily rental demand is undergoing a multi-generational transformation. While millennials still form the dominant share of renters in the U.S., Gen Z’s impact is growing and will only continue to increase in the years ahead.