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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 Over $6 million
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 and 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 Nonrecourse
Commercial Space Maximum 35% of net rentable area and EGI (after applying 10% vacancy rate)
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 DSCR 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

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