UNIONDALE, NY (December 15, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed Fannie Mae loans in seven states across the U.S. The properties, made up of 1634 units, received $92.6M in funding. Ryan Duff of Arbor’s New York City office originated the loans. “Arbor has been able to keep up with the preservation of affordable housing through Fannie Mae’s mission-driven product lines during the pandemic,” Duff said. “While rates remain low, we’re able to offer cost-effective, highly leveraged and competitive structures to our customers for all of their multifamily financing needs.” Highlights of Transactions The following properties received financing through the Fannie Mae DUS® program: Oaks at Five Mile Apartments in Dallas, TX, received $9.6M in acquisition financing in the first quarter of 2020. Built in 1977 the two-story, 196-unit property features walk-in closets, patios and balconies. Retail shopping and the Dallas Zoo are nearby. Tuscany Village Apartments in Oklahoma City, OK, received $9M in refinancing in the second quarter of 2020. The community includes 306 units with hardwood floors, vaulted ceilings Read the full article…
2018 Los Angeles Small Balance Multifamily Investment Trends Report
Los Angeles has been a standout market for small balance multifamily investment throughout the current economic cycle. Cap rates have remained below national trends and investor confidence in the sector remains strong. Despite higher risk appetites among borrowers, lenders remain cautious as loan-to-value ratios (LTVs) have moderated. Read our 2018 Los Angeles Small Balance Multifamily Investment Trends Report for more insights on the region’s multifamily market.
Los Angeles Multifamily Investment Snapshot — Q3 2018
Here’s a quick look at Los Angeles’ multifamily benchmarks for the third quarter of 2018. For more on the multifamily finance and investment opportunities in the L.A. market, view our recent webinar.
Hunting High-Yield SFR Markets: Where to Find Double-Digit Returns
Single-family rentals (SFR) are anything but a passive investment. Much more goes into net operating income (NOI) or, more accurately, detracts from it than just gross rents. Investors must also consider rehab, taxes, concessions, vacancies, and a myriad of other expenses. And like any other investment, higher returns are generally associated with higher investment risk.
Webinar: How to Spot Strong Small Balance Multifamily Investment Opportunities in L.A.
Join Arbor and Freddie Mac for our complimentary live webinar on Tuesday, Dec. 4 at 2:00 p.m. EST, hosted by Los Angeles Business Journal, to learn about the small balance finance and investment opportunities in L.A.!
Millennial Renter Income Profiles Mirror Market Averages
Young adult apartment renters earn as much as their older neighbors, with those living alone earning significantly higher income than the market average in downtown locations.
Webinar: Optimizing Your Portfolio with Small Multifamily Financing
View our webinar on finance and investment opportunities in the small multifamily space! Moderated by economist Sam Chandan, this complimentary on-demand webinar from Arbor and Fannie Mae will present actionable ways for small multifamily owners and operators to optimize and expand their portfolios.
Apartment Inventory Reveals Decades-Long Shift Toward Larger Unit Sizes
While small and large apartment buildings are specialized in terms of unit mix, inventory additions over time have been skewed toward larger units across both asset classes.
Small Apartment Buildings Show Tighter Rent Spread by Property Age
Compared to other rental properties, average rents in small asset multifamily vary less by property age, while rents for prewar buildings are going toe-to-toe with newer construction.
Top Commercial Real Estate Trends to Watch in 2019
Slow and steady growth coupled by cautious optimism seemed to be the overall sentiment shared by real estate economists and industry experts at the 2018 ULI Fall Meeting in Boston, where panelists revealed their forecast for the U.S. economy and real estate market heading into 2019, as well as the annual ULI-PwC Emerging Trends in Real Estate Report, which discusses major trends to watch over the next several years. The overall outlook for the U.S. economy was positive, according to a forecast of 45 economists and analysts surveyed by ULI in September 2018, with expectations for continued, moderate growth despite a sea change in macroeconomic policy, including rising interest rates, tax reform, and more restrictive immigration. Fundamentals are expected to remain strong through 2020, with a slight moderation in some areas. Highlights include: • GDP growth: The survey forecasts GDP growth to end this year at 3.0%, before it slows to 2.5% in 2019 and 1.7% range in 2020. • Unemployment rate: The current record-low rate of 3.8% is expected to bump up slightly to 4.0% by 2020. • Transaction Read the full article…
ULI Special Report: For Renters, Walkability is Becoming More Valuable Than Public Transit
Technology is proving to be a major disruptor across sectors and real estate is no exception. Ride hailing and driverless vehicles were two top-of-mind disruptors at the 2018 ULI Fall Meeting in Boston, with industry panelists noting that these technological developments are fundamentally changing the way we build and manage our assets, and changing renter preferences from valuing public transit to putting a premium on walkability.