Because single-family rental (SFR) properties tend to be located in the suburbs and away from public transportation hubs, the typical tenant drives to work. As a result, an area’s typical commuting time is a factor that is often weighed heavily by residents — impacting rental demand and pricing.
The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.
Positive rent reporting, a new piece of Fannie Mae’s mission-driven lending agenda, is a leap forward for the U.S. rental housing market amid an ongoing affordability crisis. This initiative, recently launched in a pilot program in Chicago, has significant upside potential for not only tenants but landlords, owners, and multifamily borrowers as well.
Valuations Flatten as Cap Rate Start to Rise from Record Lows The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result. Key Findings: Small multifamily originations reached $80.7 billion in 2022, the highest annual total after 2021’s record high. Cap rates inch higher from record lows, ticking up to 5.1%. Debt yields rise and LTVs hold near post-pandemic lows as lending standards remain tight. Complete the form to instantly access the full report!
Passed in the 11th hour of the 117th Congress, the $1.7 trillion federal spending package prioritizes the expansion of affordable housing in 2023 through increased funding for targeted programs.
Special Report: Spring 2023 The rental housing sector is well-insulated but not immune to market forces even as the economy edges into correction territory, Arbor Chairman and CEO Ivan Kaufman and Chandan Economics Founder Sam Chandan demonstrate in the findings of Arbor’s Special Report Spring 2023. Key Findings: The sustainability of consumer financing and geopolitical tensions are risk factors capable of triggering an economic contraction more severe than baseline forecasts. Unlike other commercial property types, the market standard of amortizing mortgages will insulate the rental housing sector from expiring debt distress. The single-family rental and build-to-rent sectors should see structural gains despite cyclical headwinds as awareness for the product type grows and hybrid work supports a broader geography of housing choices for urban-working Americans.
The rental housing sector is well-insulated but not immune to market forces even as the economy edges into correction territory, Arbor Chairman and CEO Ivan Kaufman and Chandan Economics Founder Sam Chandan demonstrate in the findings of Arbor’s Special Report Spring 2023.
Until recently, full-scale optimization has skipped over the basic monthly rental payment transaction, with 78% of more than 100 million renters using paper checks. But now, two programs, backed by global leaders in financial services, are incentivizing tenants to pay the rent on credit, with perks like automatic credit reporting and points towards future purchases.
Commercial real estate is rarely the first industry that comes to mind when thinking of technological innovation. But that is quickly change.
Hear Ivan Kaufman, Chairman, President & CEO of Arbor, and Stephen Johnson, Vice President of Small Balance Loan Business at Freddie Mac, chat about all things small multifamily loans on a special episode of The Real Estate Hour on SiriusXM Business Radio.
Here are key findings from the annual Reis Breakfast Briefing held at the New York Athletic Club in Manhattan last week.
All signs are pointing to a strong 2017 in terms of multifamily construction.
As we enter the fall buying season, it’s useful to look at pricing in major multifamily markets through the first half of the year. Not only in the priciest markets, but also in markets that may represent higher yield opportunities.
UNIONDALE, N.Y. — Arbor Commercial Mortgage has recently funded 22 loans totaling $54,938,100 across New York, Florida and New Jersey under Arbor’s Freddie Mac Small Balance Loan program.
With $35.4 billion worth of multifamily investment sales, Q1 2016 was the strongest first quarter ever recorder for the apartment industry. Secondary markets and suburban properties represented much of that growth.
Submitting a comprehensive rent roll is one way to ensure the fastest access to multifamily financing. Here’s what a great rent roll looks like.
Elite Apartment Coaching’s Chris Urso walks us through one of his first deals, a 40-unit value-add apartment play in Cincinnati, Ohio.
In this deal tip, Elite Apartment Coaching’s Chris Urso examines the problem of taking property tax at face value when sizing a multifamily deal.