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Welcome to Chatter! We’re happy to be your source for multifamily news, research and insight. Bookmark us and be sure to sign up for our weekly newsletter to stay on top of all things financing and investment for the multifamily industry. We also invite you to follow us on Twitter. What is Chatter? So what Read the full article…

Research

How Big is Small Cap Multifamily?

A closer look at the multifamily housing inventory in the United States and the size of the small cap investment opportunity.

Around the Web

Multifamily Forecast: Investors Moving to Secondary Markets

The apartment sector has remained the darling of the commercial real estate for the past six years. This doesn’t appear to be changing anytime soon, as 2016 is expected to set a new record for multifamily mortgage origination volume. While multifamily’s position as top dog remains uncontested, savvy investors are altering their strategy for sourcing Read the full article…

GENERAL: 800.ARBOR.10

Bridge

Seniors Housing

Arbor Bridge Loans offer commercial real estate investors the opportunity to leverage short-term financing benefits without compromising their long-term ROI, making your property’s financial transition seamless.

Loan Amount $5 million minimum.
Loan Term Generally 1 to 3 years. Extension options available.
Amortization Determined on a case-by-case basis. Typically interest only-payments.
Minimum DSCR 1.10x “As Is”, 1.30x – 1.40x stabilized. Lower DSCRs considered, if payment
supported by pre-funded interest reserves or guarantees.
Maximum LTV Up to 80% stabilized.
LTC p to 80% as measured by new cash equity in the transaction
(Purchase Price + Cap Ex = Costs).
Interest Rate Floating rate over LIBOR index. Spread varies based on risk and terms.
Recourse Generally Non-Recourse – except typical “bad boy” carve-outs.
Eligible Properties ILF, ALF, ALZ, SNF or combination.
Eligible Transactions Traditional acquisitions, acquisitions with rehab component, debt buy-backs with
fresh equity, and properties in lease-up in strong markets.
Sponsorship Established track record and appropriate net worth and liquidity commensurate
with transaction.
Security First mortgage lien on subject property.
Tax & Insurance Escrows Monthly deposits required.
Replacement Reserves Monthly deposits required.
Recourse Non-recourse execution is available, with standard carve-outs required for “bad acts” such as fraud, bankruptcy and illegal transfers.
Prepayment Generally permitted.
Third-Party Reports Appraisal, Phase I Environmental, Property Condition Assessment, Zoning
Report, Liability Risk Assessment, Seismic (if applicable).
Expense Deposit Generally $50,000.

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