Current Reports

Small Multifamily Investment Trends Report Q4 2022

The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.

Articles

How Positive Rent Reporting Advances Borrowers’ and Renters’ Goals

Positive rent reporting, a new piece of Fannie Mae’s mission-driven lending agenda, is a leap forward for the U.S. rental housing market amid an ongoing affordability crisis. This initiative, recently launched in a pilot program in Chicago, has significant upside potential for not only tenants but landlords, owners, and multifamily borrowers as well.

Small Multifamily Investment Trends Report Q4 2022

Valuations Flatten as Cap Rate Start to Rise from Record Lows The small multifamily sub-sector ended 2022 on a high note with originations falling just behind 2021’s peak. As economic storm clouds continue circling, small multifamily appears fortified from any reverberations that may result.   Key Findings: Small multifamily originations reached $80.7 billion in 2022, Read the full article…

Special Report: Spring 2023

Special Report: Spring 2023 The rental housing sector is well-insulated but not immune to market forces even as the economy edges into correction territory, Arbor Chairman and CEO Ivan Kaufman and Chandan Economics Founder Sam Chandan demonstrate in the findings of Arbor’s Special Report Spring 2023.   Key Findings: The sustainability of consumer financing and Read the full article…

Investment

Arbor’s Special Report Spring 2023

The rental housing sector is well-insulated but not immune to market forces even as the economy edges into correction territory, Arbor Chairman and CEO Ivan Kaufman and Chandan Economics Founder Sam Chandan demonstrate in the findings of Arbor’s Special Report Spring 2023.

Articles

Renting On Credit: New Platforms Modernize Monthly Multifamily Transactions

Until recently, full-scale optimization has skipped over the basic monthly rental payment transaction, with 78% of more than 100 million renters using paper checks. But now, two programs, backed by global leaders in financial services, are incentivizing tenants to pay the rent on credit, with perks like automatic credit reporting and points towards future purchases.

Articles

Top Markets for Renters Under 30

Renters 30 years of age and under, who now make up slightly more than one-quarter of the heads of households of rental units, are bolstering housing demand in markets known for their affordability and livability.

GENERAL: 800.ARBOR.10

Commercial Mortgage-Backed Securities (CMBS)

Arbor offers CMBS financing for multifamily, office, retail, industrial, hotel and self-storage.

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Experience multifamily CMBS finance the Arbor way

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.

  • CMBS Loan Program Term Sheet

    • LOAN AMOUNT

      $5,000,000 – $100,000,000

    • LOAN TERM

      10 years, 5 or 7 year term available in select instances.

    • AMORTIZATION

      25 year amortization for hotels; 30 year amortization for other property types with up to 10 years of interest-only available in select instances.

    • MINIMUM DSCR

      1.25x

    • MAXIMUM LTV

      Up to 70%-75% of appraised value depending on property characteristics.

    • INTEREST RATE

      Fixed rate throughout term and priced over corresponding swap rate.

    • ELIGIBLE PROPERTIES

      Office, retail, industrial, hospitality, self-storage, mixed-use, manufactured housing communities and multifamily.

    • ELIGIBLE MARKETS

      All U.S. markets.

    • ELIGIBLE BORROWER

      Special-purpose entity required.

    • RESERVES

      Taxes, Insurance and Replacement Reserves typically required.
      Tenant Improvement and Leasing Commissions typically required for commercial properties.

    • RECOURSE

      Non-recourse except industry-standard “bad act” carve-outs.

    • PREPAYMENT

      Typical 2 to 3 year lockout, defeasance or yield maintenance thereafter.

    • ASSUMABLE

      Permitted subject to lender approval and an assumption fee.

    • SECURITY

      First-lien mortgage.

    • EXPENSE DEPOSIT

      $50,000 expense deposit – adequate to cover third-party reports, legal fees and other customary costs.

    • ORIGINATION FEE

      None

    • IN-PLACE SUBORDINATE DEBT

      May be allowed in accordance with loan standards.

    • FUTURE SUBORDINATE DEBT

      May be allowed in accordance with loan standards.

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