The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
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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
UNIONDALE, NY (January 30, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce the appointment of Derek Kirma as Vice President, Originations. Mr. Kirma will be responsible for originating Fannie Mae, Freddie Mac, FHA, SFR, CMBS, Bridge, Mezzanine, and Preferred Equity loan transactions. He is based out of Arbor’s San Diego, CA, office and reports directly to Frank Lutz, Executive Vice President and Chief Production Officer. With more than 10 years of industry knowledge, Mr. Kirma has extensive experience delivering client specific financing across all agency platforms. “Derek’s expertise in the sector will be invaluable to us at Arbor as we continue to expand our diverse product offerings to our thriving client base across the country. His leadership in our new San Diego office reflects Arbor’s enhanced presence in the region and is an integral part of our overall growth strategy,” Mr. Lutz said. Prior to his Read the full article…
Over the course of the decade, the multifamily real estate market emerged as a premier asset class. Demand was driven not only by the shifting demographics, but also housing affordability issues surrounding escalating prices, limited supply and stagnant wage growth. See our breakdown of the decade’s top-performing multifamily markets.