Watch our Arbor Realty Trust and Chandan Economics video. It explains why COVID-19 is anticipated to drive up demand for small multifamily housing.
Sorry, no posts matched your criteria.
Watch our Arbor Realty Trust and Chandan Economics video. It explains why COVID-19 is anticipated to drive up demand for small multifamily housing.
The U.S. multifamily market finished 2019 on a historic run, then COVID-19 hit. While the full impact wasn’t felt by the end of the first quarter, initial results indicated a slowdown in rent growth, along with a sharp decline in development and investment activity.
UNIONDALE, NY (May 19, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Loan in Indianapolis, IN. Three Fountains West Cooperative, a multifamily affordable housing property, received $4.1M in refinance funding through the program. Michael Jehle of Arbor’s Oklahoma office originated the loan. “This transaction involved the refinancing of an existing loan on our books that was maturing,” Jehle said. “The members of this cooperative wanted to pay off their loan as quickly as possible and we were delighted to help them achieve this goal by offering a self-amortizing, straight 15-year fixed rate loan at an interest rate significantly lower than their current mortgage rate.” Built in 1972, Three Fountains West Cooperative is comprised of one-, two- and three-bedroom units. The newly renovated complex includes a large community building and playgrounds, and is conveniently located near public transportation and retail shopping. 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, Read the full article…
The Arbor-Chandan Economics report analyzes COVID-19 effects on the labor market and multifamily properties across the country.
UNIONDALE, NY (May 13, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded $15.4M in Fannie Mae loans in Texas. Kenwood Heights Apartments in Corsicana, TX, received $8.2M in acquisition financing, with a 12-year fixed rate, one year of interest only payments and 30-year amortization through the Fannie Mae DUS® program. Built in 1984, the pet-friendly property is made up of 211 residential units. Retail shopping and Navarro College are located nearby. Bella Brisa Apartments in Laredo, TX, received $3.2M in refinance funding, with a 10-year fixed-rate, two years of interest only payments and 30-year amortization through the Fannie Mae DUS® Small Loans program. The multifamily property was built in 2012 and includes 42 units. Monaco Blvd. Apartments in Laredo, TX, received $4M in refinance funding, with a 10-year fixed-rate, two years of interest only payments and 30-year amortization through the Fannie Mae DUS® Small Loans program. Built in 2013, the multifamily property features 44 units. Jared Stein of Arbor’s New York City office originated the loans. “Partnerships are the lifeline of our Read the full article…
Annualized small multifamily lending volume reached $55.2 billion in Q1 2020. Here’s a quick look at the quarter’s small multifamily investment benchmarks.
With the COVID-19 crisis, the demand for single-family rentals is expected to surge. Read our first-quarter 2020 SFR report for an in-depth analysis.
Download Now COVID-19 Creates Immediate Challenges, Long-Term Opportunities COVID-19 has hit the U.S. economy in full force. Yet leasing and investment brokers are still reporting a high demand for single-family rentals (SFRs). Chandan Economics estimates occupancy rates on transacted SFRs increased to 98.5% in the first quarter of 2020. As a niche sector, SFRs benefit from particularly strong tenant retention. During difficult economic times, SFRs are likely to attract people who would otherwise choose to purchase their own homes. They also appeal to tenants wanting the flexibility of renting. The analysis concludes that with appropriate underwriting standards and financially secure households, SFRs should see a future surge in demand. Download the full report, “Q1 2020 Single-Family Rental Investment Trends Report,” for the latest insights on: State of the Market Occupancy Cap Rates & Prices Loan-to-Value Ratios Debt Yields Build to Rent Future Demand