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…



Manufactured Housing Community Loans

Arbor’s DUS MH product provides competitive pricing, flexible terms, and functions as a major source of liquidity for community owners.

Loan Amount $3,000,000 minimum.
Loan Term 5 to 30 years.
Amortization Up to 30 years.
Minimum DSCR 1.25x
Maximum LTV 80%. If cash-out, 75%.
Rate Structure Fixed- and adjustable-rate options available.
Eligible Properties Manufactured/Mobile Housing with a minimum of 50 pad sites; 50% or more double-wide sites required. Must be rated a 3 to 5 star property.
Eligible Borrower Single Asset Entity.
Occupancy Requirement 90% physical occupancy. 5% limit on non-owner occupied.
Tax & Insurance Escrows Monthly deposits required.
Replacement Reserves Underwritten at a minimum $50 per MH Site.
Recourse Non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.
Commercial Space Eligible
Required Reports Appraisal, Property Condition Assessment, Phase I Environmental.
Prepayment Yield Maintenance or declining pre-payment provision.
Assumable Subject to approval and 1% fee.
Supplemental Loans Eligible for secondary financing after 12 months.
Pricing Tiered Pricing Matrix. More favorable terms available for higher DSC and lower LTV.
Rate Lock Standard 30- to 180-day rate lock period. Borrowers may lock a rate with the Streamlined Rate Lock option.
Application Deposit $20,500. Covers estimated processing and legal fees.
Origination Fee Minimum 1%. Par pricing available.
Good Faith Deposit 2% of loan amount.


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