Your first deal with Arbor as your lender is just the start as we strive to build upon your success, transaction after transaction, with a level of personalization, customization and local market knowledge rarely experienced in multifamily financing.
The unemployment rate fell to 6.0% in March 2021 as the U.S. labor market added back more than 900,000 jobs and small businesses led the recovery.
UNIONDALE, NY (April 13, 2021) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently closed several bridge transactions totaling $143M. The loans, spanning across GA, NC and TX, consist of refinance, acquisition and new construction executions. Over the last year, Arbor Bridge Loans have become an attractive financing option for borrowers looking for short-term debt until they are ready to transition to a permanent loan. “There are a variety of financing options today for multifamily investors, with institutions like Fannie Mae, Freddie Mac and FHA providing what many believe are the best available products,” said Ivan Kaufman, Chairman and CEO of Arbor Realty Trust. “With the resilience of the multifamily sector of the commercial real estate market, alternative financing options have emerged, serving more specialized needs, including critical interim financing. For those needs, quite often, the right product is a bridge loan.” Gianni Ottaviano, Managing Director of Structured Finance Production adds, “Whether you are looking to acquire a newly built asset that requires time to stabilize, to execute a significant repositioning, or refinance a construction Read the full article…
Memphis posted the highest multifamily rent growth in the U.S. during 2020, rising 3.8%. Vacancy rates were lower than the national average, as demand outpaced the addition of new supply. Investment activity remained high and cap rates fell to historical lows, as the local economy showed signs of recovery.
Multifamily rent growth in Memphis was the highest in the nation during 2020, driven by strong demand for workforce housing, as the area remained attractive to investors.
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.
The composition of the American workforce varies significantly by metro market, and can include the public sector, local serving jobs as well as younger technology workers. In this post we’ll take a look at how small properties service the housing needs of the workforce in different cities.
It is no secret that the U.S. population is aging. From 2010 to 2015, the US population grew 3.9%, but the population of those over 60 grew 16.7%.
The growing lack of affordability within U.S. rental housing has led to the creation of new loan programs aimed at strengthening and preserving the existing stock of multifamily that’s affordable for the workforce. It turns that a large portion of housing suitable for the workforce is found in smaller apartment properties with between 5 and 50 units.
Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q1 2017.
Making an apartment community more energy efficient can boost NOI by reducing operating expenses. While gas and electric power the majority of America’s housing stock, the use of solar thermal heating has increased by 19% from 2010 to 2015.
While Gateway markets like New York and San Francisco still dominate, the STEAM job market (think STEM plus arts) is increasingly moving to Secondary markets.
The U.S. multifamily market continued to post positive results during Q1 2017. Rent growth remained strong, while vacancy remained low and demand kept pace with high levels of new supply. Investment activity was slow to start the year, although prices continued to increase.
Evaluating household income by renter segments helps apartment investors better position and price their units. In the case of small properties, married couples and individuals sharing rental units have significantly higher incomes.
Growth trends for small asset renters in highly skilled occupations are encouraging. These findings align with projected job growth forecasts into the middle of the next decade.
Despite a marginal improvement for small property renters, housing affordability levels remain uneven across the major metros in the US.