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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…


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.

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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…




Insures a second mortgage provided by Arbor to finance repairs, additions and improvements to multifamily properties and healthcare facilities with existing FHA-insured first mortgages.

Loan Term Limited to the remaining term of the first mortgage.
Amortization Fully amortizing.
Maximum Loan Amount Will be the lessor of:

  • 90% of replacement cost
  • 90% of the value
  • 1.11 Debt Service Coverage Ratio
  • 90% market value less 100% indebtedness
Rate Structure Fixed rate.
Eligible Properties Apartments, Assisted Living Facilities, Nursing Homes and other properties with FHA-insured mortgage.
Eligible Borrowers Single Asset Entity (non-profit entities eligible).
Recourse Generally non-recourse. Subject to HUD Regulatory Agreement.
Payment Negotiable. Generally one-year lockout followed by declining percentage (9-8-7-6-5-4-3-2-1) of outstanding balance.
Assumable Loans are assumable in accordance with HUD’s process.
HUD Mortgage Insurance Premium (MIP) Market Rate 0.95%; Energy Efficient and Broadly Affordable 0.25%; Affordable 0.35%.
Davis Bacon May apply depending on the original loan.


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