Articles

Small Multifamily Extends Quarterly Valuation Gains

Small multifamily assets have begun to settle into a consistent pattern of growth following two years of price corrections. Building on the findings of Arbor Realty Trust’s Small Multifamily Investment Trends Report Q4 2025, our research teams look more closely at recent pricing trends and the factors driving the turnaround.

Articles

FHFA Loan Caps for 2026: What Multifamily Borrowers Need to Know

The Federal Housing Finance Agency (FHFA) announced a $30 billion boost to Fannie Mae and Freddie Mac’s volume cap for loan purchases in 2026 to $176 billion ($88 billion for each agency). This increase in FHFA loan caps for 2026 aligns with industry expectations, given the anticipation of improving market conditions and lending activity expected in a lower interest rate environment. Next year’s cap for the Government-Sponsored Entities (GSEs) is an increase of approximately 20% from the $146 billion limit set for 2025.

Current Reports

Affordable Housing Trends Report Fall 2025

As the cost of living in the U.S. climbs, the shortage of affordable housing is a persistent challenge for many communities. While progress has been uneven to date, Arbor Realty Trust and Chandan Economics document federal and state initiatives aimed at creating positive change. In a sector known for its strength, stability, and consistency, new and old affordable housing opportunities are converging as the nation accelerates construction.

Conventional Forwards

FRDDIE MAC® Conventional Forwards   Arbor’s Freddie Mac® Conventional Forwards encourage the creation of new housing supply by providing takeout certainty to developers and construction lenders, helping to address long-term supply shortages that limit affordability and housing choice. In an evolving multifamily lending environment, our Conventional Forwards provide clarity to the terms of the permanent debt needed when a property stabilizes after new construction or major rehabilitation.

Current Reports

Small Multifamily Investment Trends Report Q4 2025

Arbor Realty Trust’s Small Multifamily Investment Trends Report Q4 2025, developed in partnership with Chandan Economics, outlines the long-term positives reinforcing the sector’s growth amid macroeconomic uncertainty. With capital market activity poised to increase, small multifamily’s healthy fundamentals position it to trend higher in the next cycle.

Borrower FAQs

Find answers to common questions about multifamily and single-family rental real estate financing.

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Dustin Pevear

Managing Director, Director of Screening
Headshot of Dustin Pevear, Arbor Senior Vice President of Agency Leading Operations
Dustin Pevear brings a broad range of experience into his current role as Managing Director, Director of Screening, which he assumed in 2024. This role brings him full circle, as he joined Arbor in 2008 as a Senior Analyst on the Boston-based Front End Screening team and has since served in underwriting, agency lending and other client-facing departments of the REIT.
 
Mr. Pevear was previously Chief Underwriter of Freddie Mac Small Business Loans (SBL) for three years and was Vice President, Agency Lending Operations for four. His current expertise spans those areas plus deal structuring with a focus on both Fannie Mae and Freddie Mac, as well as deal management, process development and efficiency enhancement.
 
He is a member of Arbor’s Fannie Mae, Freddie Mac, and Arbor Private Label Loan Committees, and he plays an integral role in helping Arbor establish and grow its position in the marketplace and in building relationships across agency partners. Mr. Pevear also contributed to Arbor’s Be the Best You can Be video series, in which he advised emerging talent at the firm.
 
Prior to joining Arbor, Mr. Pevear spent several years as a financial analyst with Digitas North America. He received a Bachelor of Science in Finance and Marketing from Boston College.

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