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Green Financing®

Arbor’s Fannie Mae Multifamily suite of green financing solutions includes options for acquisition, refinance, and supplemental financing.
Green Financing solutions create a “triple bottom line” by supporting increased cash flows, better quality housing, and reduced energy and water usage.

Great Incentives
  • Lower interest rate
  • Energy and water audit report 100% paid for by Fannie Mae
  • Up to 5% more in loan proceeds for Green Rewards and Green Preservation Plus loans
Minimum Loan Amount No minimum or maximum.
Loan Term Up to 30 years.
Amortization Green Rewards: Up to 30 years. Interest-only options also available.
Green Preservation Plus: Up to 40 years. 30 years for balloon structures. Interest-only periods not permitted.
Minimum DSCR Green Rewards: 1.25 Conventional, 1.20 Affordable

Green Building Certification Pricing Break: 1.25 Conventional, 1.20 Affordable
Green Preservation Plus: 1.15 Affordable

Maximum LTV Green Rewards and Green Building: Up to 80%
Green Preservation Plus: Up to 85%
Rate Structure Fixed and adjustable rate options available for Green Rewards and Green Building Certification; Fixed rate only for Green Preservation Plus.
Interest Accrual Method 30/360 and Actual/360.
Eligible Properties Conventional, Affordable, Senior, Military and Cooperative properties nationwide. Borrowers must commit to installing capital improvements that target 20% or more reduction to whole property’s annual energy or water use.
Eligible Borrower Single Asset Entity.
Occupancy Requirements 85% physical occupancy for 90 days. 70% economic occupancy required.
Tax & Insurance Escrows Monthly deposits required.
Replacement Reserves Monthly deposits required. Underwritten at a minimum $250 per unit per annum. The cost of the agreed upon property improvements for Green Rewards will be escrowed at 100% until completion; for Green Preservation Plus at 125%.
Recourse Non-recourse with standard exceptions for fraud, misrepresentation and other non-recourse carve-outs (i.e., illegal transfers).
Commercial Space Maximum 35% of net rentable area and maximum 20% of effective gross income.
Assumable Subject to approval and 1% fee.
Required Reports Appraisal, Property Condition Assessment, Phase I Environmental. A High Performance Building report (HPB) is required for Green Rewards and Green Preservation Plus. Fannie Mae reimburses 100% of the cost for the HPB subject to the loan closing at Green Rewards.
Prepayment Yield Maintenance and other declining prepayment options are available.
Subordinate Financing Not allowed without written approval.
Pricing Tiered Pricing Matrix. More favorable terms available for higher DSC and lower LTV.
Rate Lock Standard 10 day rate lock period. Early/extended rate lock options available.
Application Deposit $12,500. Covers all estimated underwriting costs (including processing fee).
Processing Fee $3,000 non-refundable.
Origination Fee Minimum 1%. Par pricing available.
Legal/Closing Fee Arbor’s Counsel Fee to be determined at application.
Good Faith Deposit 2% of loan amount, due at rate lock, but refundable.


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