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Mezzanine Financing Provides Higher Leverage and More Control

Senior debt, a foundational element of most multifamily property acquisitions and developments, rarely covers the full capital requirement. To bridge the gap between what senior lenders offer and what sponsors need, many borrowers pursue mezzanine financing, which provides greater leverage and more control.

Current Reports

Single-Family Rental Investment Trends Report Q4 2025

The single-family rental (SFR) sector once again demonstrated strength and durability last quarter amid a general softening of the for-sale home market. Arbor Realty Trust’s Single-Family Rental Investment Trends Report Q4 2025, developed in partnership with Chandan Economics, leverages first-class data analysis to show why SFR’s investment return profile has grown more attractive in the last year.

Articles

LIHTC Increase Set to Support Affordable Housing Expansion in 2026

Low-Income Housing Tax Credit (LIHTC) allocations are about to grow following funding extensions included in the One Big Beautiful Bill Act (OBBBA), signed into law in July. With market-based borrowing costs also declining, the affordable rental sector could be on the verge of its most accommodative financing environment in years.

Articles

Arbor Rolls Up Its Sleeves for Habitat for Humanity in Miami and Boston

Alongside our award-winning work, Arbor Realty Trust’s nationwide staff consistently gives back to the communities where we live and work. This fall, several of our teams rolled up their sleeves to assist Habitat for Humanity chapters in Miami and Boston with housing initiatives that are making a difference locally.

Articles

Emerging Multifamily Trends for 2026

Rental housing’s long-term investment outlook remains head and shoulders above its peers, driven by structural supply constraints and steady demand growth, finds the 2026 Emerging Trends in Real Estate report. Explore this trend and other key takeaways from the 47th edition of Urban Land Institute (ULI) and PwC’s influential industry report.

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.

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William Foster

Managing Director, Tax and Strategic Planning

William Foster is responsible for all of Arbor’s corporate income tax matters, including tax structuring of transactions; management of effective tax rates; general tax planning; assistance with M&A structuring; and oversight for income tax compliance. This entails advising the Chairman and other executives within the Arbor family of legal entities on complex tax structures and strategic planning initiatives to enhance shareholder value.

Mr. Foster comes to Arbor with vast expertise in taxation and building shareholder value. Prior to joining Arbor, he was the Founder and Managing Partner of Foster & Foley LLP, a tax consulting practice advising high-net-worth individuals and multinational companies on diverse consulting strategies to minimize tax liabilities and increase shareholder value. Mr. Foster began his career at Ernst & Young LLP, a global professional services firm.

Mr. Foster received a Bachelor of Science in Accounting from Adelphi University and has been a practicing CPA for more than three decades. He is also an active member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of CPAs (NYSSCPAs).

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