Find out about coronavirus developments and the potential implications for the real estate industry with Arbor Realty Trust’s COVID-19 CRE Resource Guide.
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Find out about coronavirus developments and the potential implications for the real estate industry with Arbor Realty Trust’s COVID-19 CRE Resource Guide.
Older renters are increasingly becoming a significant driver of urban multifamily demand. Walkability, convenience and access to a variety of services attract aging Americans to certain cities.
ARBOR’s Private Label Program Arbor is expanding financing options for investors in the Private Label marketplace. Loan Amount $4 million minimum Loan Term 5-, 7- and 10-year options Amortization 30 years; interest-only periods can range from zero to ten years, determined by leverage, debt yield, market and overall credit quality Minimum DSCR 1.25x Maximum LTV 75% (amortizing); 65% (full-term interest-only) MINIMUM DEBT YIELD 7%; exceptions considered on a case-by-case basis INTEREST RATE Fixed rate over the greater of the 10-year Treasury rate or 10-year swap rate; spread varies based on risk and terms ORIGINATION FEE Minimum of 0.25% CASH MANAGEMENT Springing Lockbox upon EOD SUBORDINATE DEBT Mezzanine debt available on a case-by-case basis; program can also allow for future mezzanine debt BORROWER/SPONSORSHIP Borrower must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC. Sponsor must have an established track record, appropriate net worth and liquidity commensurate with transaction; normal expectations are a minimum net worth equal to the loan amount and liquidity of no less than 10% of the loan amount MINIMUM OCCUPANCY 85% COLLATERAL TYPES Conventional multifamily TAX AND Read the full article…
With rising construction costs, a New York Build 2020 Expo panel shared their thoughts about an industry concern: How can affordable housing yield profits?
While Gen Z is emerging as a source of multifamily demand, millennial renters still dominate the apartment market across a variety of metros.
While the real estate industry is slow to adopt new technology, experts provide steps to take when investing in proptech to increase efficiency.
What’s topping the checklists of property management concerns? A New York Build 2020 Expo panel agreed that in the upcoming decade, multifamily property owners will need to focus on two areas: amenities and legal requirements. Renovations Needed to Stay Competitive Owners will need to invest in upgrading their properties to stay current with tenants’ changing lifestyles. “With almost every lobby renovation, one of the key challenges is where do all the packages go and how do you distribute them,” said William T. Payne, principal at O&S Engineers & Architects. “What if the mailroom is way too small for Amazon?” More residents are ordering deliveries of not just meals but now groceries. Payne stated this raises additional security issues with more people knocking on the door. He also noted the rising demand for bicycle parking and charging stations for electric vehicles. With these types of property upgrades, owners need to be honest in their requests for proposals (RFPs), said Carmen Rainieri, regional director at Skanska. This includes providing accurate information about pricing and logistics. In working with contractors and consultants, “collaboration Read the full article…