UNIONDALE, NY (October 14, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded two Fannie Mae Small Loans in Tampa, FL. The properties, totaling 90 units, received $5M in acquisition financing. Sam Schwass of Arbor’s New York City office originated the loan. “We were happy to help repeat sponsors expand their portfolio in this growing market,” Schwass said. “At Arbor, we value nurturing long-lasting partnerships and take pride in offering customized solutions that fulfill our clients’ short- and long-term financial needs.” Royal Village Apartments received $4M. The 68-unit multifamily complex is made up of one- and two-bedroom floorplans. Retail shopping and the University of South Florida at Tampa are nearby. Sophia Villas received $910,000. Built in 1974, the two-story, 22-unit property is close to local shopping. The University of South Florida Botanical Gardens and Busch Gardens Tampa is a short driving distance away. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, Read the full article…
This short video highlights top large multifamily investment markets, sharing our proprietary research and a few key findings.
Read our 2020 report to learn about the top markets and key factors for analyzing different locations for large multifamily investments.
Arbor and Chandan Economics analyze multifamily prices, looking at past U.S. presidential elections, recessions and 2020’s volatility.
FANNIE MAE DUS® Adjustable Rate Mortgage (ARM) 5-5 Arbor’s DUS® ARM 5-5 product offers a 5-year variable rate financing option with an embedded cap and an option to extend for an additional 5-year term or convert to a fixed rate. BENEFITS Attractive low-cost financing; no minimum or maximum loan size; maximum interest rate is set at rate lock; optional extension to second 5-year term with minimal reunderwriting; convertible to a fixed-rate loan with minimal re-underwriting ELIGIBILITY Existing, stabilized multifamily properties, including: Conventional, Multifamily Affordable Housing, Seniors Housing, Student Housing, and Manufactured Housing Communities; loans for acquisition or refinance TERM Initial 5-year loan term; optional extension to a second 5-year term at maturity; rollover will retain the same guaranty and servicing fees as the original loan; rollover will not incur a prepayment premium AMORTIZATION Up to 30 years INTEREST RATE ADJUSTMENTS Adjusts based on changes to the underlying index and is equal to the index plus the margin MAXIMUM LTV 65% MINIMUM DSCR 1.00x at the maximum lifetime interest rate; mortgage loan amount shall not exceed that of a fixed Read the full article…
UNIONDALE, NY (September 29, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, closed 18 deals totaling $177.8M across the Southeastern U.S. Alexander Kaushansky of Arbor’s New York City office originated the loans. “Providing our clients certainty of execution while tailoring optimum terms is what we do best at Arbor,” Kaushansky said. “We take pride in our ability to service our clients’ needs on diverse loans utilizing different products.” Crestview Manor Apartments in Paris, TN, received $10.5M in refinancing through the Fannie Mae Multifamily Affordable Housing program in the second quarter of 2020. The pet-friendly community consists of 52-units with one-, two- and three-bedroom floorplans. Concord View Townhomes in Concord, NC, received $10.5M in refinancing through the Freddie Mac Conventional program in the second quarter of 2020. The complex offers one, two- and three-bedroom units with granite countertops and stainless steel appliances. It also features basketball and tennis courts, a business center and clubhouse. The following three properties located in the Carolinas were refinanced through the Fannie Mae DUS® program: Villas at Garden Way in Read the full article…
This article analyzes COVID-19’s effects on labor markets around the country, providing insights for multifamily investments.
UNIONDALE, NY (September 22, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded three Freddie Mac Small Balance Loans in Brooklyn, NY. The multifamily properties received $14.2M in refinancing, with a 10-year fixed rate through the program. Vincent Chiodo of Arbor’s New York City office originated the loans. “These transactions exemplify Arbor’s commitment to meeting all of our clients’ needs no matter the environment or unique circumstances,” Chiodo said. “We were able to execute these transactions successfully despite all the changes and challenges that occurred due to COVID-19.” 480 Stratford Road in Brooklyn received $5.2M in refinancing. The 15-unit mixed-use property was built in 2013 and is conveniently located with restaurants and retail shopping nearby. 1608 Beverley Road in Brooklyn received $3.4M in refinance funding. Built in 2014, the six-story, 12-unit property features hardwood floors and stainless steel appliances. The complex, just blocks away from Prospect Park, is near dining and shopping areas and less than 30 minutes from Manhattan. 596 East 19th Street in Brooklyn received $5.5M in refinancing. The 20-unit property Read the full article…