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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…

Research

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…

GENERAL: 800.ARBOR.10

FANNIE MAE DUS®

Standard

Arbor provides competitive, tiered pricing for acquisition or refinance of multifamily projects nationwide, including recently completed projects.

Loan Amount $3,000,000+
Loan Term Up to 30 years.
Amortization Up to 30 years. Interest-only options also available.
Minimum DSCR 1.25x
Maximum LTV Up to 80%
Rate Structure Fixed and adjustable rate options available.
Eligible Properties Multifamily, minimum five units.
Eligible Borrower Single Asset Entity.
Occupancy Requirements 85% Physical Occupancy for 90 days. 70% economic occupancy required.
Tax & Insurance Escrows Monthly deposits required. May be waived if certain criteria are met.
Replacement Reserves Underwritten at a minimum $250 per unit per annum.
Recourse Non-recourse with standard exceptions for fraud and misrepresentation.
Commercial Space Maximum 35% of net rentable area and maximum 20% of effective gross income.
Required Reports Appraisal, Property Condition Assessment, Phase I Environmental.
Prepayment Yield Maintenance and declining prepayment available
Assumable Subject to approval and 1% fee.
Subordinate Financing Not allowed without written approval.
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 commitments
Application Fee Deposit $20,500. Covers estimated processing and legal fees.
Origination Fee Minimum 1%.
Good Faith Deposit 2% of Loan Amount

V082018

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