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Small Loan Program

Arbor’s Small Loan product streamlines the entire loan process for multifamily acquisition and refinancing loans ranging from $1 million to $3 million ($5 million in major MSAs). Program benefits include reduced documentation requirements, streamlined report formats, and flexible legal/closing requirements.

Loan Amount $750,000 minimum.
Loan Term 5 – 30 years.
Amortization Up to 30 years.
Minimum DSCR 1.25x
Maximum LTV Up to 80%.
Rate Structure Fixed- and adjustable rate options available, Hybrid ARM
Adjustable Rate Available. Priced off the one-month or three-month LIBOR. Convertible and nonconvertible options available.
Eligible Properties Multifamily, minimum five units.
Eligible Borrower Individuals, co-tenants and non-single asset entities acceptable. Must be U.S. citizens. No Entity Key Principals are permitted.
Occupancy Requirements 90% physical occupancy.
Tax & Insurance Escrows Monthly deposits required.
Replacement Reserves Underwritten at a minimum $250 per unit per annum.
Commercial Space Maximum 35% of net rentable area and maximum 20% of effective gross income.
Recourse Non-recourse available in certain markets.
Required Reports Appraisal, Reduced Physical Needs Assessment and Environmental Screen.
Prepayment Flexible prepayment options available, including yield maintenance and declining prepayment premium.
Supplemental Loans Pricing Eligible for secondary financing after 12 months Tiered Pricing Matrix. More favorable terms available for higher DSC and lower LTV.
Rate Lock Standard 30- to 180-day rate lock period. Extended rate lock options available.
Application Deposit $10,000. Covers underwriting costs (including processing fee and site inspection).
Processing Fee Not allowed without written approval
Origination Fee Minimum 1%. Par pricing available.
Good Faith Deposit
  • 2% of loan amount
  • 1% of loan amount for certain transactions of $3 million or less with commitment periods of 45 days or less


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