Research Sources

Arbor Realty Trust’s research articles and reports, developed in partnership with Chandan Economics, refer to and cite credible third-party sources, including: American Real Estate Society CoStar Fannie Mae Federal Deposit Insurance Corporation (FDIC) Federal Housing Finance Agency (FHFA) Federal Reserve Bank of Atlanta Federal Reserve Bank of New York Federal Reserve Board FINSIGHT Freddie Mac Moody’s CRE Morningstar DBRS MSCI Real Capital Analytics Nareit National Apartment Association National Association of Home Builders National Low Income Housing Coalition National Multifamily Home Council Novogradac Trepp U.S. Bureau of Economic Analysis U.S. Bureau of Labor Statistics U.S. Census Bureau U.S. Department of Housing and Urban Development (HUD) Zillow

Current Reports

Affordable Housing Trends Report 2026

Arbor Realty Trust’s Affordable Housing Trends Report, developed in partnership with Chandan Economics, explores a year marked by one of the most significant policy shifts in decades, with consequential developments in both the marketplace and the political arena. Our annual report finds that although affordability continues to present challenges, this year’s new initiatives are set to rebuild tomorrow’s pipeline.

Articles

HUD Expands FHA Financing Eligibility to Qualifying BTR Projects

The U.S. Department of Housing and Urban Development (HUD) recently announced a significant policy change that expands Federal Housing Administration (FHA) mortgage insurance eligibility to qualifying build-to-rent (BTR) communities. Effective immediately, professionally managed rental developments consisting of detached single-family homes, duplexes, and triplexes are eligible for FHA-insured financing under the same general framework as traditional multifamily properties.

Articles

Financing a Build-to-Rent Community Through Construction, Lease-Up, and Stabilization

Single-family rentals (SFR) now house 41% of the U.S. renter population, according to Rentometer Mid-Year Report 2025: National Trends in Single-Family Rental Markets. Arbor provides investors with short-term and long-term SFR financing to meet this growing demand. Whether a sponsor is developing a build-to-rent (BTR) community, holding an SFR portfolio long-term, or acquiring assets to rehab, Arbor finances build-to-rent (BTR) communities across construction, lease-up, and stabilization under one lender relationship, backed by the strength of an $802 million BTR collateralized loan obligation Arbor closed in May 2025.

Articles

Why Top Multifamily Lenders Practice Disciplined Underwriting

Every multifamily lender says it underwrites conservatively, but few follow a truly disciplined approach. Arbor Realty Trust’s own record is a case in point, with 19 consecutive years in the Top 10 Fannie Mae Multifamily DUS Lenders, a top-three ranking in Freddie Mac’s Conventional Small program, and an upgraded Commercial Special Servicer rating from Fitch Ratings in January 2026.

Investment

Special Report Fall 2026

Arbor Realty Trust’s Special Report Fall 2026, developed in partnership with Chandan Economics, leverages data-driven research to detail the state of the rental housing market. Amid headwinds, multifamily remained resilient in a selective investment environment favoring disciplined underwriting and market selection. Attractive entry points for well-positioned investors continue to populate the road ahead.

Analysis

U.S. Multifamily Market Snapshot — September 2026

The U.S. multifamily market remains on stable footing in a mixed macroeconomic climate. Rent growth continued to trend upward through the second quarter, while apartment fundamentals remained resilient amid slowing employment growth and elevated vacancies.

General: 800.ARBOR.10

Home | Resources & Press | Arbor Announces the Appointment of David E. Friedman as EVP, Syndicated Markets & Institutional Venture Lending Management

Arbor Announces the Appointment of David E. Friedman as EVP, Syndicated Markets & Institutional Venture Lending Management

UNIONDALE, NY (February 22, 2022) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce the appointment of David E. Friedman, Executive Vice President, Syndicated Markets & Institutional Venture Lending Management.

Mr. Friedman will lead Arbor’s loan syndicated lending platform, as well as develop strategic joint-venture lending partnerships that will allow Arbor to expand upon its existing loan origination capabilities. Further, he will manage those platforms as a member of Arbor’s executive committee, helping to grow upon another record-setting year of loan production.

“David comes to Arbor with over two decades of experience in real estate finance, multifamily loan production and managing capital markets,” said Ivan Kaufman, Chairman, CEO and President of Arbor Realty Trust. “His expertise in these areas will help support our corporate growth strategy and we look forward to the many contributions he is certain to make during his tenure at Arbor Realty Trust.”

Previously, Mr. Friedman was at Greystone as a Senior Managing Director for Multifamily Loan Production, Placement and Sales. Prior to Greystone, he served as a Regional Director and Senior Vice President at TD Bank within its Commercial Real Estate Banking group. Mr. Friedman has also been a Director within Bank of America Merrill Lynch’s Real Estate Syndicated Capital Markets group as well as served in loan origination support and underwriting roles within PNC Bank, N.A.’s Real Estate Finance group.

Mr. Friedman holds a Masters of Science in Real Estate Finance & Investment from NYU Schack Institute of Real Estate, as well as a Bachelors of Science in Business Administration from Babson College.

About Us
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

David E. Friedman – Executive Vice President, Syndicated Markets & Institutional Venture Lending Management

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