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Seven Facts About FHA Multifamily Loans

The Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD), is one of the largest mortgage insurers in the world. The agency insures mortgages on affordable housing, multifamily properties, single-family homes, and healthcare facilities. Since 1934,  FHA has financed over 50,000 multifamily mortgages nationwide. Whether you’re interested in acquiring, refinancing, or rehabilitating an affordable housing property, FHA multifamily loans are a financing route you need to know about.

FHA 232/223(f)

FHA® 232/223(f): Healthcare Refinance, Acquisition or Mod Rehab  

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Top States for Population Growth

Despite a national slowdown, population growth remained concentrated in a small group of states in 2025, where strong net domestic migration inflows, economic opportunity, and in some cases elevated birth rates drove the annual increases. Overall, 14 states had an annual population growth rate above 0.75%, while 12 states had less than 0.1%, according to a Chandan Economics analysis of the U.S. Census Bureau’s 2024 American Community Survey.

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Arbor’s Build-to-Rent Financing: 10 Reasons to Choose a Premier Lender

Build-to-rent (BTR), a compelling solution to the U.S. housing market’s evolving needs, is experiencing record growth. BTR accounted for 8% of all single-family rental (SFR) construction starts in the 12 months that ended in the first quarter of 2024, according to Arbor’s Single-Family Rental Investment Trends Report Q2 2024. As the need for quality rental units remains high, borrowers have much to gain from partnering with an experienced lender who specializes in build-to-rent financing.

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Nearly All Metros Post Positive Rent Gains

National rent growth in the single-family rental (SFR) sector remained strong and consistent in 2025 as market-level pricing momentum was broad-based and robust, according to an analysis of newly released data from the Zillow Observed Rent Index. Year-end annual rent gains averaged 2.9%, down from 4.1% in 2024, marking the most modest increase since 2015. But even as the intensity of SFR rent growth abated last year, its reach was extensive, with 98 of the 100 largest markets posting year-over-year gains.

Current Reports

Small Multifamily Investment Trends Report Q1 2026

Arbor Realty Trust’s Small Multifamily Investment Trends Report Q1 2026, developed in partnership with Chandan Economics, shows that lending activity in the sector increased for the second consecutive year amid a sharp increase in refinancings. Even with persistently high interest rates and rigorous underwriting standards, small multifamily entered the first quarter on steady footing.

General: 800.ARBOR.10

REIT launches $2M rental assistance program

REIT launches rental assistance program

Long Island-based Arbor Realty Trust has launched a $2 million interest-free loan program for its borrowers’ tenants.

The real estate investment trust, which is headquartered in Uniondale and is a multifamily and commercial lender, will contribute $1 million to the fund, representatives for the company said. Landlords — who must be Arbor borrowers to participate — will match Arbor’s contributions and must provide a minimum of $10,000 to the fund.

To qualify for rental assistance, tenants must prove they have suffered at least a 30 percent drop in income and have a rent of $2,000 or less.

Under the program, if a tenant needs $3,000 to cover rent for the next two months, Arbor and the landlord would each provide $1,500. The loan could be repaid over as long as three years, depending on the tenant’s circumstances.

Other companies are offering breaks to borrowers. For example, Community Bank, one of New York City’s largest multifamily lenders, is allowing borrowers hurt by Covid-19 to either pay only interest and escrow payments for six months or defer principal and interest for six months.

A moratorium on evictions is in place in New York through mid-June. Landlords are bracing for a drop in rent payments next month as the coronavirus pandemic continues. Tenant advocates in New York and Pennsylvania have called for a rent strike May 1. State and federal officials have proposed legislation that would temporarily suspend rent and mortgage payments.