Articles

Top Multifamily Markets for Low Renter Turnover

Tenant retention is a valuable — though sometimes elusive — contributing factor to the strength of a multifamily property. Nationally, 29% of multifamily households signed a third lease for the same unit, according to an analysis of the U.S. Census Bureau’s American Community Survey. Locally, renter turnover was lowest in major coastal markets, like New York City, and highest in transient renter markets, like Charleston, SC.

Current Reports

Small Multifamily Investment Trends Report Q2 2025

While markets undergo rapid recalibration, the small multifamily market’s performance remains strong and stable. Arbor’s Small Multifamily Investment Trends Report Q2 2025, developed in partnership with Chandan Economics, details how the sector’s resilient fundamentals effectively support its growth amid ongoing economic volatility.

Proprietary Preferred Equity behind Conventional Loans

FREDDIE MAC® Proprietary Preferred Equity behind Conventional Loans   Arbor now offers access to proprietary preferred equity behind all Freddie Mac Conventional loans we originate. With Arbor, you can simultaneously secure a senior loan and preferred equity under one roof, streamlining your experience throughout the lifecycle of your loan.

Analysis

Top U.S. Multifamily Rent Growth Markets — Q1 2025

The U.S. multifamily market continued to settle into a more normalized cycle during the first quarter of 2025, as well-positioned investors began to take advantage of new opportunities in an uncertain economic environment.

Analysis

U.S. Multifamily Market Snapshot — May 2025

The U.S. multifamily market continued to settle into a normalized cycle during the first quarter of 2025, despite ongoing uncertainties surrounding the global economy and labor market.

Articles

Dr. Sam Chandan Dissects What’s Driving Top Market Growth

In a rapidly evolving economic environment, the top markets for multifamily investment tend to shift quickly. In this video, Dr. Sam Chandan, founding director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and founder of Chandan Economics, discusses the findings of Arbor’s Top Markets for Multifamily Investment Report Spring 2025, which was developed in partnership with Chandan Economics.

General: 800.ARBOR.10

FANNIE MAE DUS®

Supplemental

 

Whether your Arbor Fannie Mae loan was executed on a market rate or affordable property, under the Forward Commitment or Small Loans program, or on a cooperative complex or student-based property, you are eligible for a supplemental loan under the Fannie Mae DUS program.

Loan Amount $1,000,000 minimum
Loan Term 5 to 30 years, coterminous or non-coterminous
Amortization Up to 30 years
Interest Type Fixed- or variable-rate options available
Requirements
  • Arbor must be the servicer of the existing Fannie Mae fixed-rate or adjustable-rate mortgage loan
  • Supplemental loans are available 12 months after the closing of the senior Fannie Mae mortgage loan
Eligible Asset Classes
  • Stabilized Conventional
  • Multifamily Affordable Housing
  • Student Housing
  • Seniors Housing
  • Manufactured Housing Communities
Limitations
  • One Supplemental loan is permitted during the term of the first mortgage lien; however, an additional supplemental loan may be placed if the preexisting debt is assumed through an arms-length acquisition
  • Preexisting Fannie Mae debt may not have less than five years until maturity
Underwriting
  • Appraisal, Property Condition Assessment, and Phase I Environmental update are required
  • Funding of replacement reserves will match the preexisting level unless an increase is required after review of the Property Condition Assessment
  • A new title insurance policy is required
  • No new survey is required provided the title meets legal requirements
Minimum DSCR As low as 1.30x, depending upon asset class and use of proceeds
Maximum LTV As high as 75%, depending upon asset class and use of proceeds
Prepayment Yield maintenance or defeasance
Accrual 30/360 and actual/360
Rate Lock 30- to 180- day commitments; borrowers may lock a rate with the Streamlined Rate Lock option
Recourse Nonrecourse execution with standard carve-outs for “bad acts” such as fraud or bankruptcy
Assumable Subject to approval and 1% fee (nonrecourse loans only)
Application Fee Deposit $20,500; covers estimated processing and legal fees

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