Year-end 2019 estimates for small multifamily lending volume reached $59.2 billion, beating the prior quarter’s forecast by $1.4 billion and marking the highest level of activity in Chandan Economic’s post-crisis model estimates. Download the Q4 report for key insights on the small multifamily market.
UNIONDALE, NY (February 11, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded 13 agency loans totaling $17.2M in Newark and Paterson, New Jersey. The Newark Portfolio, comprised of six mixed-use and multifamily properties in Newark, NJ, received $11.3M in acquisition funding through the Freddie Mac SBL product. Terms included a five-year fixed rate followed by a 15-year adjustable term. 10 Kent Street – This 18-unit multifamily property received $2M in funding. The three-story complex is in close proximity to New Jersey Institute of Technology. 741 Clinton Ave. – This mixed-use property received $1.5M in financing. It includes 20 residential units and some commercial space. 6 Longfellow Ave. – This mixed-use property received $1.4M in funding. It features 13 residential units and two commercial spaces. 8 Monticello Ave. – This mixed-use property received $2M in financing. It is made up of 20 residential units and six commercial spaces. 232 Shephard Ave. – This multifamily property received $2.5M in funding and includes 22 residential units. 268 Stuyvesant Ave. – This multifamily property received $1.8M Read the full article…
The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
TEST UTM Page
UNIONDALE, NY (February 5, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards acquisition loan in Las Vegas, NV. The mid-rise, multifamily property received $13.4M in financing with a 10-year fixed-rate and four months of interest only payments. Greg Gillam of Arbor’s Manhattan Beach office originated the loan. “Echelon at Centennial Hills isn’t the typical garden style apartment commonly found in this market. While this presented a layer of complexity – in terms of finding suitable comparative properties for appraisal – Arbor’s team delivered,” Gillam said. Built in 2008, Echelon at Centennial Hills offers one, two, three- and four-bedroom units, with washers and dryers, walk-in closets, vaulted ceilings, granite countertops, and stainless steel appliances. The complex has a resort-style pool and spa, cabanas, sun deck, clubhouse and fitness center. It is in close proximity to local parks, restaurants and entertainment. 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) Read the full article…
The JCHS 2020 report underscores the national affordable housing crisis. It points to growing numbers of renters with high incomes as well as those who are cost-burdened.
Small multifamily promotes greater accessibility to housing for workforce households than large multifamily. About 62% of all small multifamily households made less than $50,000 annually.
Lending Volumes Rise Amid Firming 2020 Outlook Year-end 2019 estimates of new multifamily lending volume on loans with original balances between $1 million and $7.5 million jumped to $59.2 billion, the highest level of activity in Chandan Economics’ post-crisis tracking. A lack of affordable housing supply, attractive borrowing rates and the pace at which rates have fallen have all propelled small multifamily lending volumes higher. Download the full report for key insights on the sector, including: Lending Volume Cap Rates & Spreads Interest Rates Leverage & Debt Yields
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.
Class-B rent growth on the rise; Fannie Mae and Freddie Mac set multifamily volume records in 2016; stable growth expected for the commercial real estate sector — and more in this week’s multifamily news roundup.
Figures from the the latest Census update for year-end 2015 show stronger growth in the secondary and tertiary small asset apartment markets compared to the gateway markets.
You have a small apartment complex that’s provided you a good income over the years and has appreciated in value. Now it’s time to move on.
A look at the hottest rental markets; ‘surban’ investments in high demand; construction starts and CRE prices are up; and what does a wall of maturities mean for multifamily?
Although smaller in share compared to the Millennials and Baby Boomers, Gen X renters are critical to apartment household formation. Relative to other age groups, more Gen X renters are likely to form households with higher incomes.
Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q3 2016.
Apartment deal volume in 2016 sets new record; looking past gateway multifamily markets; construction rounds out 2016 on a high note; and more in this week’s roundup of apartment news.
While the percentage of Americans moving in a one-year period has fallen to an all-time low, an increasing amount of renters are moving across state lines.
Commercial real estate is rarely the first industry that comes to mind when thinking of technological innovation. But that is quickly change.
Uniondale, N.Y. — Arbor is proud to announce that for the second straight year it was named the Top Freddie Mac Multifamily Small Balance Lender.