Articles

Video: Special Report Fall 2023 Key Takeaways

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 non-executive chairman of Chandan Economics, details the key takeaways of Arbor’s Special Report Fall 2023, which he co-authored with Ivan Kaufman, Chairman and CEO of Arbor Realty Trust.

Articles

FHFA Loan Caps for 2024: What Multifamily Borrowers Need to Know

The Federal Housing Finance Agency (FHFA) announced a $10 billion rollback of Fannie Mae and Freddie Mac’s volume cap for loan purchases for 2023 to $140 billion ($70 billion for each agency). This move aligns with industry expectations, given the anticipation of continued headwinds for the multifamily in 2024. Next year’s cap for the Government-Sponsored Entities (GSEs) is a reduction of approximately 7% from the $150 billion limit set for 2023 and a return to the level it was in 2021.

Current Reports

Affordable Housing Trends Report Fall 2023

With the cost of living climbing, the need for affordable housing has become more urgent. Although demand continues to outpace available supply, multifamily investment in affordable housing is fortified by Low-Income Housing Tax Credits (LIHTC), Project-Based Section 8, and the Housing Choice Voucher (HCV) programs. Arbor’s Affordable Housing Trends Report Fall 2023, developed in partnership with Chandan Economics, examines the supply-driven programs and policies designed to improve supply at a point in time when federal gridlock has stalled many funding increases.

Analysis

Top U.S. Multifamily Rent Growth Markets — Q3 2023

Multifamily rent growth in the U.S. continued to be distributed throughout a variety of markets, which contrasted with the previous two years when Sun Belt markets dominated the list.

Fannie Mae Sponsor-Dedicated Workforce (SDW) Housing

FANNIE MAE® Workforce Housing Social Impact Financing: Sponsor-Dedicated Workforce Housing (SDW) V103123

Fannie Mae Sponsor-Initiated Affordability (SIA) Workforce Housing

FANNIE MAE® Workforce Housing: Sponsor-Initiated Affordability (SIA) V103123

Current Reports

Small Multifamily Investment Trends Report Q4 2023

Arbor’s Small Multifamily Investment Trends Report Q4 2023, developed in partnership with Chandan Economics, is a snapshot of a strong and resilient subsector continuing to navigate ongoing market dislocation. The report shows that distress has remained limited, even with valuations and measures of risk pricing in flux. As conditions start to stabilize, there are signs that deal activity is picking up.

Analysis

U.S. Multifamily Market Snapshot — Q3 2023

The U.S. multifamily market held steady during the third quarter of 2023, as high mortgage rates and a lack of inventory in the housing market continued to drive rental demand.

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Home | Originations Team | Joseph Charneski

Joseph Charneski

Managing Director, Sales

Joseph Charneski originates Fannie Mae, Freddie Mac, FHA, SFR Portfolios, CMBS, Private Label and Structured Loans nationwide. Mr. Charneski joined Arbor in 2008 as a Senior Underwriter and held several positions at Arbor, including Assistant Vice President of Sales Operations and Vice President of Originations, prior to being promoted to his current role.

Prior to joining Arbor, he worked as an Assistant Vice President at CBRE Realty Finance, where he originated fixed- and floating-rate whole loans, B-Notes and Mezzanine loans. Before CBRE, Mr. Charneski was a Senior Real Estate Investment Analyst with Guardian Life Insurance Company.

Mr. Charneski earned a Bachelor of Science in Finance from the University of Connecticut and a Juris Doctor degree from the Western New England College School of Law.

[email protected] | 646.963.6362
New York, NY