Arbor 360° Success Story: Large Multifamily Acquisition With Bridge Financing Experienced multifamily owners needed short-term financing to acquire and reposition a large multifamily community The property was achieving below-market rents and in need of interior and exterior upgrades Arbor’s bridge financing helped the borrower complete renovations and increase property value See the full results by viewing the Success Story.
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Supply/Demand Imbalances Fuel Rising Valuations, Rents for Single-Family Product Single-family rentals (SFR) maintained momentum through Q1 2021. High demand drove strong property performance, which supported pricing, while occupancy rates across SFRs averaged 94.5% in the first quarter. For exclusive insights on the SFR sector, download our “Q1 2021 Single-Family Rental Investment Trends Report.” Explore key highlights, including: State of the Market Occupancy & Rent Growth Build-to-Rent Trends Outlook
U.S. multifamily rents continued to decline in the first quarter of 2021, although vacancy rates increased only slightly and remained near historically low levels. Cap rates tightened during the quarter, remaining at historical lows, while property values continued to accelerate higher.
The Q1 2021 Single-Family Rental Investment Trends Report explores SFR market fundamentals and performance metrics to start off the year. Read the full report for exclusive research, trends and insights on the SFR space.
The U.S. multifamily market overall posted rent declines during the first quarter of 2021, as the economy continued to feel the effects of the COVID-19 pandemic. However, bright spots were to be found.
Through first-quarter 2021, smaller metros experienced more cap rate compression for small multifamily properties than larger gateway markets. This trend reflects the migration patterns seen in most of 2020, as many households looked to move out of more urban areas.
FREDDIE MAC® Early Rate Lock (ERL) Eliminates interest rate risk early in the mortgage approval process and provides peace of mind for borrowers that are concerned about market volatility. What is an Early Rate Lock? Ability to lock the interest rate for a fixed-rate mortgage or the spread for a floating-rate mortgage, establish the mortgage amount and set other key provisions of a proposed mortgage within two to five days after Freddie Mac’s preliminary underwriting review and long before the Arbor lender submits the full underwriting package. Benefits of an Early Rate Lock Fast and efficient – Limited information needed for review of the preliminary underwriting package Cost savings – Significant savings when interest rate or spreads are rising Flexibility – Some aspects of the transaction can be modified after rate lock at full underwriting: Loan amount can be increased by up to 10% if positive net operating income (NOI) growth is demonstrated No breakage fee for decreases in the loan amount that are within 10% of the preliminary underwriting amount due to decreases in NOI, appraised values that Read the full article…
Chatter is dedicated to providing you with the practical research needed to be a successful multifamily investor. From our partnership with Chandan Economics to articles contributed from premier research firms, our goal is to keep you informed on all things multifamily.
While a larger share of small building households own vehicles, growth in ownership was slower compared to large buildings for the post-crisis period.
While a growing number of cities are eliminating parking minimums, the price of parking access within apartment properties is still reflected in higher unit rents across US metros. This is especially true for in-structure parking offerings.
Arbor recently spoke with Jamie Woodwell, VP, Research & Economics at the Mortgage Bankers Association (MBA), and used the opportunity to discuss the future of multifamily lending, trends in industrial and logistics spaces as well as the state of foreign investment in U.S. real estate.
Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q2 2017.
In this post, we examine the income needed to rent affordably in small apartment buildings across the US.
While single renters constitute close to half of the demand within small apartment units, their growth has been faster in larger buildings, where preferences by both age and gender play a significant role.
Though a clear majority of senior householders in apartments do not work, delayed retirement has become a rising trend. Since the financial crisis, this trend has created a growing demand segment for small apartment building owners.
Small properties, while historically low in attracting renters with disabilities, are becoming more sought after for their affordability.
Our research illustrates that senior rental location preferences are strongly segmented along both age subgroups and by housing costs. Metro market size also plays a large role.
While rents in prewar buildings can compete with newer stock overall, this story varies considerably across metro areas.