Prior to the onset of COVID-19, the Phoenix multifamily market had the highest rent growth in the nation, along with an active development pipeline and high investment activity.
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Prior to the onset of COVID-19, the Phoenix multifamily market had the highest rent growth in the nation, along with an active development pipeline and high investment activity.
In this short audio brief, economist Sam Chandan analyzes today’s demand for SFRs, summarizing what recent data suggests about investments.
Build-to-rent financing is different in today’s COVID-19 environment. An IMN webinar looks at both the challenges and opportunities for investors.
UNIONDALE, NY (June 3, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded Freddie Mac Small Balance loans in Miami, FL. The three properties, totaling 55 units, received $6.3M in financing. Jonathan Chaim of Arbor’s New York City office originated the loans. “We take pride in getting to the heart of our clients’ needs and helping them achieve their short- and long-term goals,” Chaim said. “These transactions demonstrate Arbor’s ability to build ongoing and successful financial partnerships with our sponsors.” Bayshore Apartments, located one block from Biscayne Bay and a short distance to Miami Shores, received $2.7M in acquisition financing. The 24-unit multifamily property is made up of one- and two-bedroom floorplans. Morningside Apartments, an 11-unit garden-style complex, received $1.2M in refinancing. The property is within walking distance of retail shopping and public transportation is nearby. The 63rd Street Apartments received $2.4M in refinance funding. Renovated in 2018, the 20-unit garden-style property features one- and two-bedroom units. The complex is within a short driving distance to Miami International University of Art and Design Read the full article…
On “The Urban Lab” podcast, Arbor’s Chairman and CEO Ivan Kaufman explains the strength of multifamily investments holding up during the COVID-19 crisis.
UNIONDALE, NY (May 27, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Streamlined Rate Lock loan in Cedar Falls, IA. The 180-unit property received $10.4M in financing. Joseph Charneski of Arbor’s New York City office originated the deal. “This was a great transaction,” Charneski said. “We were able to close this refinance loan with full-term interest only payments and a historically low interest rate during these unprecedented times.” Built in 1975, Thunder Ridge is made up of one- and two-bedroom apartments. The pet-friendly complex features a basketball court, putting green, tranquility pond and 24-hour fitness center. It is conveniently located within walking distance of retail stores and restaurants. 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, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® Read the full article…
UNIONDALE, NY (May 21, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Houston, TX. The Casa Verde Apartments received $28M in refinance funding through the program. Brian Scharf of Arbor’s Uniondale office originated the loan. “This transaction highlights our ongoing ability to provide liquidity to our borrowers in the current environment,” Scharf said. “At Arbor, we take pride in finding customized financial solutions that result in successful outcomes for our clients.” Casa Verde Apartments were built in 1973 and renovated in 2010. The 384-unit complex includes one-, two-, three- and four-bedroom floor plans with central air conditioning, walk-in closets and hardwood flooring. The gated property features a clubhouse, swimming pool and playground. Shopping, dining and entertainment are nearby. 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, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing Read the full article…
Less density and new construction are some of the reasons behind the growing appeal of build-to-rent, in today’s COVID-19 environment.