Analysis

Small Multifamily Investment Snapshot — August 2026

The small multifamily sector entered the second half of 2026 demonstrating strength and stability as capital markets remained selective.

Articles

Where Multifamily Permitting is Intensifying and Accelerating

While national multifamily permitting stabilizes, the authorization of new apartment buildings with five or more units has become more heavily concentrated in smaller, rapidly growing metropolitan areas. From Durham, NC, to Fayetteville, AR, and Raleigh, NC, new U.S. Census Bureau data reveal where multifamily permitting was most concentrated and where it was accelerating fastest in the first half of 2026.

Articles

Small Multifamily Lending Volume Moves Steadily Higher

Small multifamily lending activity rose during the first half of 2026. According to the latest Small Multifamily Investment Trends Report from Arbor Realty Trust and Chandan Economics, originations on loans with original balances between $1 million and $9 million reached an annualized pace of $71.6 billion through the second quarter. At this pace, originations are running 2.8% above the $69.6 billion total for 2025, placing small multifamily on pace for a third consecutive annual increase.

Current Reports

Small Multifamily Investment Trends Report Q3 2026

Arbor Realty Trust’s latest Small Multifamily Investment Trends Report, developed in partnership with Chandan Economics, evaluates what’s driving this sector’s ongoing stability as macroeconomic conditions remain mixed. Loan originations rose last quarter, and valuations are rebounding, signaling that normalization is taking hold.

Articles

SFR Rent Growth Accelerated and Expanded in First Half of 2026

Single-family rental (SFR) conditions strengthened during the first half of 2026, with rents rising across all 50 of the nation’s largest metros between December 2025 and June 2026. Growth was broad-based but uneven, with many Northeast and Midwest markets outperforming major Sun Belt metros.

Articles

Arbor Summer Interns Learn About the Lifecycle of a Loan and Much More

Arbor’s summer internship program is a key part of our ongoing initiative to nurture talent and shape future leaders through programs, such as Fannie Mae’s DUS Summer Series, and networking opportunities.

Articles

Multifamily Completions Shift to Larger, Lower-Rise Properties

This year’s data show that while multifamily completions moderated from 2024’s elevated pace, the sector’s shift toward larger properties continued. At the same time, larger has not necessarily meant taller, as lower-rise buildings continue to account for most new multifamily completions.

Articles

Single-Family Rental Investment Snapshot – July 2026

The single-family rental (SFR) sector continued to demonstrate resilience through early 2026, supported by stable occupancy, positive rent growth, and improving capital markets activity.

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Home | Originations Team | Stephen York

Stephen York

Managing Director, Sales

Stephen York is responsible for originating Fannie Mae, Freddie Mac, FHA, SFR Portfolios, CMBS, Private Label, Bridge, Mezzanine and Preferred Equity transactions nationwide.

Mr. York joined Arbor in 2005 with expertise in commercial finance and has become one of the company’s top producers year after year. He serves a client base that includes some of the largest multifamily owners and mortgage brokerage firms in the nation. In 2015, he was named one of Commercial Observer’s “Top 25 Debt Brokers and Lenders Under 35.” He currently serves on the eCore Executive Board, one of the leading multifamily conferences in the nation.

Mr. York graduated from Queens College with a Bachelor of Business in Finance.

[email protected] | 212.389.6550
Miami, FL