In the fourth installment of this new video series from Arbor and Chandan Economics, we take a look at which sectors are facing challenges finding qualified employees and how this impacts the multifamily sector.
In the fourth installment of this new video series from Arbor and Chandan Economics, we take a look at which sectors are facing challenges finding qualified employees and how this impacts the multifamily sector.
SFRs have emerged as a significant source of construction demand during this cycle. Since the last recession, the number of construction starts is up by more than 55%.
Millennials’ growing preference for high-skill jobs is translating to higher shares of white-collar Millennial workers in both small and large multifamily.
FHA® 223(f): REFINANCE, ACQUISITION, OR MODERATE RENOVATION Arbor provides FHA-insured, long-term, fixed-rate financing for refinance, acquisition or moderate renovation of multifamily projects nationwide. Arbor uses the single-stage Multifamily Accelerated Processing (MAP) Program to expedite underwriting and approval. See the Terms Loan Term & Amortization Up to 35 years, not to exceed 75% of the remaining economic life (Fully Amortizing). Minimum DSCR 1.176x for Market Rate properties, or LIHTC restricted whose rents are < 10% below market; 1.15x for LIHTC restricted properties with rents at least 10% below market; 1.11x for properties having at least 90% rental assistance contracts. Maximum Loan to Value/Acquisition Cost 85% for Market Rate properties, or LIHTC restricted whose rents are < 10% below market; 87% for LIHTC restricted properties with rents at least 10% below market; 90% for projects with 90% or greater Rental Assistance. Fixed Rate Yes Eligible Properties Existing Multifamily projects at least three years old. Detached structures and row houses eligible. Market rate, low-to-moderate income and subsidized multifamily properties. Eligible Borrower Single Asset Entity (for profit or non-profit). Occupancy Requirement Average 85% occupancy Read the full article…
As of midyear 2019, the U.S. multifamily market has been off to a strong start. Here are the top markets for rent growth for the first half of the year.
Freddie Mac Multifamily’s 2019 Midyear Outlook expects solid fundamentals, low interest rates and the housing shortage to contribute to a strong 2019.