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GENERAL: 800.ARBOR.10

Arbor Funds $378M in Multifamily Deals in New York & Other Markets

UNIONDALE, NY (June 15, 2015) – Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 35 loans totaling  $378,226,200 across New York, Texas, Tennessee, Florida and other markets under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS® ARM 7-6™, Fannie Mae DUS® Small Loan, Fannie Mae DUS® Multifamily Affordable Housing, Freddie Mac Loan, Freddie Mac Small Balance Loan, Arbor Realty Trust Bridge Loan, CMBS Loan and FHA 223(f) programs.

Ronen Abergel, Vice President in Arbor’s New York office, originated the loans.

“Arbor has the ability to lend nationwide using various executions. Having such flexibility allows our clients to rest easy since one way or another, their deal always gets closed,” Abergel said.

New York – $171M
·         Multifamily Property, Watertown, NY – This 242-unit multifamily property received $36,750,000 funded under the CMBS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Multifamily Property, Liverpool, NY – This 208-unit multifamily property received $30,000,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Multifamily Property, Cheektowaga, NY – This 528-unit multifamily property received $23,500,000 funded under the Arbor Realty Trust Bridge Loan product line.

·         111 East Avenue, Rochester, NY – This multifamily property received $22,800,000 funded under the Freddie Mac Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Multifamily Property, Cheektowaga, NY – This 347-unit multifamily property received $17,500,000 funded under the Arbor Realty Trust Bridge Loan product line.

·         Garden Village Apartments Cheektowaga, NY – This 315-unit multifamily property received $16,937,000 funded under the Freddie Mac Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Multifamily Property, Guilderland Center, NY – This 146-unit multifamily property received $8,325,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule

·         Gateway Apartments II, Cheektowaga, NY – This 80-unit multifamily property received $8,233,900 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Amherst Gardens Apartments, Buffalo, NY – This 202-unit multifamily property received $7,868,00 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Avon Commons, Avon, NY – This 72-unit multifamily property received $6,300,000 funded under the Freddie Mac Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Fairway Apartments, Tonawanda, NY – This 32-unit multifamily property received $1,820,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Tennessee – $79.5M
·         Lynnfield Place Apartments, Memphis, TN – This 400-unit multifamily property received $20,070,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Ashton Apartments, Knoxville, TN – This 297-unit multifamily property received $14,487,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         The Vistas Apartments, Nashville, TN – This 205-unit multifamily property received $9,247,900 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Briar Club Apartments, Memphis, TN – This 272-unit multifamily property received $7,659,000 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Cinnamon Trails Apartments, Memphis, TN – This 208-unit multifamily property received $7,214,000 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Fawnwood Apartments, Madison, TN – This 158-unit multifamily property received $6,500,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Archwood Meadows Apartments, Madison, TN – This 112-unit multifamily property received $5,999,700 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         River Hill Townhomes, Louisville, TN – This 80-unit multifamily property received $4,687,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Ashland Apartments, Knoxville, TN – This 80-unit multifamily property received $3,646,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Regional Place, Grapevine, TX – This 218-unit multifamily property received $9,622,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Texas – $40.2M
·         Huntington Chase Apartments, Irving, TX – This 260-unit multifamily property received $7,875,900 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Cooks Creek Apartments, Farmers Branch, TX – This 255-unit multifamily property received $7,830,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Loma Del Rey Apartments, Denton, TX – This 160-unit multifamily property received $6,229,500 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Pioneer Crossing Apartments, Irving, TX – This 152-unit multifamily property received $5,000,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Villas Del Sol, Irving, TX – This 91-unit multifamily property received $3,957,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Wedgewood Apartments, Forth Worth, TX – This 118-unit multifamily property received $3,903,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Cinnamon Tree Apartments, Forth Worth, TX – This 104-unit multifamily property received $3,177,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Pine Lake Village, Houston, TX – This 96-unit multifamily property received $2,240,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Missouri – $5.5M
·         Windsong Apartments, Kansas City, MO – This 89-unit multifamily property received $2,591,7000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Ridgeview Village Townhomes, Lee’s Summit, MO – This 52-unit multifamily property received $1,660,000 funded under the Fannie Mae Multifamily Affordable Housing Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Stonybrook North Apartments, Kansas City, MO – This 48-unit multifamily property received $1,270,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Florida – $18.3M
·         Harbour Cay Apartments, Largo, FL – This 276-unit multifamily property received $15,000,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.

·         Northwood Apartments, Jacksonville, FL – This 152-unit multifamily property received $3,380,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

North Carolina – $11M
·         Fox Ridge Manor, Raleigh, NC – This 164-unit multifamily property received $6,242,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         New Hanover Village, Wilmington, NC – This 100-unit multifamily property received $4,825,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Nebraska – $7.5M
·         City View Apartments, Omaha, NE – This 221-unit multifamily property received $7,500,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

Virginia – $6.1M
·         Timbers Townhomes, Norfolk, VA – This 104-unit multifamily property received $6,119,000 funded under the FHA 223(f) Loan product line. The 22-year refinance loan amortizes on a 22-year schedule.

Kansas – $5.5M

·         Multifamily Property, Shawnee, KS – This 352-unit multifamily property received $14,688,000 funded under the CMBS Loan product line.

·         Windsor Townhomes, Olathe, KS – This 80-unit multifamily property received $5,571,600 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

About Us
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume, a Freddie Mac Program Plus® Seller/Servicer and Small Balance Loan lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, Bridge and Mezzanine lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of more than $11 billion, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s and holds an Above Average rating from Standard & Poor’s. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.

Arbor Commercial Mortgage, LLC also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in mortgage-related securities, real estate-related bridge, junior participating interests in first mortgages, mezzanine loans, preferred and direct equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, with full-service lending offices throughout the United States.  For more information about Arbor, visit www.arbor.com.