Special Report: Spring 2023

Special Report: Spring 2023 The rental housing sector is well-insulated but not immune to market forces even as the economy edges into correction territory, Arbor Chairman and CEO Ivan Kaufman and Chandan Economics Founder Sam Chandan demonstrate in the findings of Arbor’s Special Report Spring 2023.   Key Findings: The sustainability of consumer financing and Read the full article…

Investment

Arbor’s Special Report Spring 2023

The rental housing sector is well-insulated but not immune to market forces even as the economy edges into correction territory, Arbor Chairman and CEO Ivan Kaufman and Chandan Economics Founder Sam Chandan demonstrate in the findings of Arbor’s Special Report Spring 2023.

Articles

Renting On Credit: New Platforms Modernize Monthly Multifamily Transactions

Until recently, full-scale optimization has skipped over the basic monthly rental payment transaction, with 78% of more than 100 million renters using paper checks. But now, two programs, backed by global leaders in financial services, are incentivizing tenants to pay the rent on credit, with perks like automatic credit reporting and points towards future purchases.

Articles

Top Markets for Renters Under 30

Renters 30 years of age and under, who now make up slightly more than one-quarter of the heads of households of rental units, are bolstering housing demand in markets known for their affordability and livability.

Press Releases

Arbor Realty Trust, Inc. Completes $315 Million Freddie Mac Q Series Securitization

UNIONDALE, NY, December 15, 2022 (GLOBE NEWSWIRE) – Arbor Realty Trust, Inc. (NYSE:ABR) (“Arbor,” “our,” or “we”) today announced the completion of an approximately $315 million loan securitization through Freddie Mac’s Q Series securitization program (the “Securitization”). Arbor’s affiliated entity Arbor Realty SR, Inc. originated the loans and was the loan seller for the Securitization. The Securitization is Arbor’s first Read the full article…

Articles

Five Benefits of Making Multifamily Investing Part of Your Portfolio

Multifamily investing involves the purchasing of properties with rentable housing units. In these types of investments, a group of investors often works together to mitigate costs, split profit shares, and reduce risk. Multifamily properties include apartment complexes, condo buildings, and townhouses, among other property types. When investing in multifamily properties is researched and undertaken prudently, it can generate steady and reliable income streams in all economic cycles.

Analysis

Arbor’s Top Articles of 2022: A Banner Year for Multifamily

After taking a pause during the peak of the COVID-19 pandemic, the U.S. multifamily market experienced a banner year in 2022. Throughout the year, Arbor continued to provide unique research and insights into our markets. Here’s a look at our top Arbor research articles from 2022, in case you missed them.

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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