Arbor’s Single-Family Rental Investment Trends Report Q1 2023, developed in partnership with Chandan Economics, explores a growing multifamily sector with a unique ability to rise above macroeconomic headwinds. Last year, investors purchased more single-family rental (SFR) units than in 2021 as uncertainty rippled through the commercial real estate industry. Construction in the sector also ramped up in 2022, with starts reaching all-time highs by unit count and market share. This upward trend, fueled by significant structural support, sets SFR apart from many other commercial real estate sectors.
When apartment investors consider locations for capital deployment, growth potential is a top-of-mind concern. On a local level, population changes can influence everything from rent growth to occupancy to future property values. County-level positive net migration and natural population growth trends, identified in an analysis of U.S. Census Bureau data, reveal the counties where demographic tailwinds make a compelling case for real estate investment.
Investor Purchases, New Starts, and Tenant Performance Show Strength as Cap Rates Rise Arbor’s Single-Family Rental Investment Trends Report Q1 2023, developed in partnership with Chandan Economics, explores a growing multifamily sector with a unique ability to rise above macroeconomic headwinds. Last year, investors purchased more single-family rental (SFR) units than in 2021 as Read the full article…
Arbor’s latest Affordable Housing Trends Report, developed in partnership with Chandan Economics, offers a wide-ranging lens into the complex, though critically important, affordable and workforce housing sectors.
The Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD), is one of the largest mortgage insurers in the world. The agency insures mortgages on affordable housing, multifamily properties, single-family homes, multifamily properties, and health care facilities. Since 1934, FHA has financed over 50,000 multifamily mortgages nationwide. Whether you’re interested in acquiring, refinancing, or rehabilitating an affordable housing property, FHA multifamily loans are a financing route you need to know about.
In this video, Sam Chandan, professor of finance and Director of the Chen Institute for Global Real Estate Finance at the NYU Stern School of Business, discusses the key findings of Arbor’s Affordable Housing Trends Report Spring 2023, developed in partnership with Chandan Economics. He adds context to the Federal, state, and local housing policy trends impacting the future of the affordable sector, which, he notes, continues to have the highest development prospects of any residential subtype.
The small multifamily subsector, strengthened by sound structural fundamentals, is well-positioned to face distress due to interest-rate pressure. Even though pricing has slid lower and cap rates have risen, it should remain resilient in the coming quarters. A deep dive into a uniquely positioned subsector, Arbor’s Small Multifamily Investment Trends Report Q1 2023, developed in partnership with Chandan Economics, analyzes the competing headwinds and tailwinds influencing investment performance.
Arbor offers CMBS financing for multifamily, office, retail, industrial, hotel and self-storage.
Arbor’s commercial mortgage backed security expertise and experience has allowed us to build a loan platform for you with unique agility, flexibility and, above all, personalization. Arbor’s unique multifamily CMBS loan advantages include maximized leverage, rapid execution, personalized benefits of working with a true relationship lender and flexible options, including bridge-to-permanent CMBS loans, mezzanine and preferred equity financing.
$5,000,000 – $100,000,000
10 years, 5 or 7 year term available in select instances.
25 year amortization for hotels; 30 year amortization for other property types with up to 10 years of interest-only available in select instances.
1.25x
Up to 70%-75% of appraised value depending on property characteristics.
Fixed rate throughout term and priced over corresponding swap rate.
Office, retail, industrial, hospitality, self-storage, mixed-use, manufactured housing communities and multifamily.
All U.S. markets.
Special-purpose entity required.
Taxes, Insurance and Replacement Reserves typically required.
Tenant Improvement and Leasing Commissions typically required for commercial properties.
Non-recourse except industry-standard “bad act” carve-outs.
Typical 2 to 3 year lockout, defeasance or yield maintenance thereafter.
Permitted subject to lender approval and an assumption fee.
First-lien mortgage.
$50,000 expense deposit – adequate to cover third-party reports, legal fees and other customary costs.
None
May be allowed in accordance with loan standards.
May be allowed in accordance with loan standards.