Learn why with today’s economic uncertainties caused by COVID-19, SFR build-to-rent housing is attracting real estate investments.
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Learn why with today’s economic uncertainties caused by COVID-19, SFR build-to-rent housing is attracting real estate investments.
Deals are active in financing SFR build-to-rent even during the COVID-19 pandemic. This article provides more insights for single-family rental investors.
In this Arbor – Chandan Economics labor market report, employment trends impacted by the COVID-19 crisis provide information to assess real estate investments.
UNIONDALE, NY (June 17, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed seven Fannie Mae Small Loans in KS, FL and UT. The properties, comprised of 240 units, received $11.2M in funding through the Fannie Mae Small Loan program. Austin Walker of Arbor’s New York City office originated the loans. “These transactions highlight the value of our long and trusted partnership with Fannie Mae,” Walker said. “Together, we take pride in providing our clients with customized financial solutions that align with their short- and long-term needs.” Tower Apartments in Wichita, KS, received $1.8M in refinancing. Built in 1981, the multifamily garden-style property was renovated in 2018. The complex is pet-friendly and features 70 one-bedroom units. Retail shopping is nearby. Carter Apartments in Wichita, KS, received $1.8M in refinancing. The pet-friendly property was built in 1973 and features studio and one-bedroom floor plans, a playground and basketball court. The complex is a short distance from Friends University, local parks and shopping. Bradford Apartments in Wichita, KS, received $894,000 in refinancing. Built in 1988, Read the full article…
Prior to the onset of COVID-19, the Phoenix multifamily market stood on solid ground. The market had the highest rent growth in the nation, along with an active development pipeline and high investment activity. Although the Valley of the Sun is not immune to the economic effects of the recession that will be felt throughout the nation, the market is starting from a position of strength.
This economic report analyzes how much federal COVID-19 relief has assisted small multifamily renters and what investors should continue to watch.
UNIONDALE, NY (June 10, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded seven Fannie Mae Small Loans across the nation. The multifamily properties, totaling 256 units, received $13.9M in financing. Geoffrey Platt of Arbor’s New York City office originated the loans. “These transactions highlight Arbor’s steadfast commitment to providing successful outcomes for our financial partners,” Platt said. “No matter the location or the current environment, we are always here to ensure our clients achieve their fiscal goals.” Built in 2019, Taylor Row Apartments in Punta Gorda, FL, received $1.2M in refinancing though the Fannie Mae Small Loan program. The 16-unit upscale property features studio, one- and two-bedroom floorplans with granite countertops and stainless steel appliances, and is within walking distance of downtown Punta Gorda. Girard Court Apartments in Killen, TX, received $1.3M in refinancing through the Fannie Mae DUS® program. The one-story furnished property was built in 2006. It features 24-units with hardwood floors, built-in bookcases, vaulted ceilings and French doors. The complex is conveniently located with major highways, parks and local Read the full article…
Sign up for our June 25 webinar: Ivan Kaufman, Chairman and CEO of Arbor, Greg Willett, Chief Economist, RealPage, Jamie Woodwell, VP of Research and Economics, Mortgage Bankers Association and economist Sam Chandan address the top questions multifamily investors need to know.