When analyzing the top markets for rental growth in the context of market segment peers, smaller metros registered impressive gains in both small and large multifamily as a share of total rental inventory, according to the latest American Community Survey data.
FANNIE MAE® Streamlined Rate Lock Arbor offers Streamlined Rate Lock (SRL) which provides a fast and flexible fixed-rate option for borrowers interested in the ability to manage interest-rate risk by locking the entire rate, not only the Treasury index or spread. This flexibility along with an expanded delivery tolerance and limited breakage fees makes the SRL the fastest loan product available in the market. Maximum Term of Rate Lock Up to 180 days. Delivery Tolerance If loan amount has been reduced at the time of delivery: No fee for up to 5% reduction. For a reduction between 5% and 10%; Good Faith Deposit on the amount > 5%. Eligible Loans No size limit; Conventional, Coops, Green Rewards, Green Building Certification Loans, Hybrid ARM Loans, Manufactured Housing Communities, Multifamily Affordable Housing, Seniors Housing, Small Loans, Structured Transactions, Student Housing and Dedicated Student Housing properties. Some may be subject to pre-review. Minimum Good Faith Deposit Up through 90 days: 2%. 91-180 days: 3%. Breakage Fees Good Faith Deposit (for full break by borrower) Preliminary Underwriting Requirements No prescribed set of preliminary Read the full article…
Rental inventory growth for year-end 2017 showed a clear contrast between the largest and smallest U.S. metros, with the latter displaying a greater increase in small asset multifamily inventory.
There has been no shortage of topics to cover in 2018 as it relates to the multifamily market, and Chatter is proud to continue serving as your go-to source for industry news, research and insights.
The volume of new multifamily loans with original balances from $1M to $5M declined to an annualized rate of $47.0B in the first half of 2018. However, activity picked up in the third quarter, bringing the annualized rate up to $49.2B.
The U.S. metros have seen a shift toward large multifamily lending over the past year, with investors showing a preference for non-gateway markets offering higher-yield opportunities. This new annual report will identify the U.S. markets poised for growth in large multifamily lending activity, and will analyze the differences in origination volume across top markets.
Reversing the trend of consolidation from the previous year, occupied small asset multifamily inventory expanded in 2017, according to new data from the U.S. Census Bureau 2017 American Community Survey (ACS).
FANNIE MAE DUS® MBS as Tax-Exempt Bond Collateral (M.TEB) – Fixed Rate Arbor’s MBS as Tax-Exempt Bond Collateral (M.TEB) – Fixed Rate issues MBS that can be used as collateral for either (i) existing fixed-rate bond refundings, or (ii) new fixed-rate bond issues in conjunction with 4% Low-Income Housing Tax Credits (LIHTC). Benefits Faster closings with our unique delegated model. Declining prepayment options or yield maintenance. Interest-only is available. Guaranteed direct pass-through of principal and interest is more attractive to bond buyers. Eligibility Multifamily Affordable Housing properties. Loans underwritten to Fannie Mae Guide Requirements for tax-exempt bonds. Refundings or new issues with in-place rehab. Immediate delivery or standby forward commitment. Loan Term 10-30 years. Amortization Up to 35 years. Maximum LTV 90% for 4% LIHTC properties with at least 90% of the units meeting affordability requirements. 85% for 4% LIHTC properties with fewer than 90% of the units meeting affordability requirements. 80% for refundings. Minimum DSCR 1.15x for 4% LIHTC properties with at least 90% of the units meeting affordability requirements 1.20x for 4% LIHTC properties with fewer than Read the full article…
