About Chatter

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…


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…



Small Loan Program

Arbor’s Small Loan product streamlines the entire loan process for multifamily acquisition and refinancing loans ranging from $750,000 to $6 million. Program benefits include reduced documentation requirements, streamlined report formats, and flexible legal/closing requirements.

Loan Amount $750,000 minimum.
Up to $6,000,000 nationwide
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 SOFR. 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 estimated processing and legal fees.
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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