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How Big is Small Cap Multifamily?

A closer look at the multifamily housing inventory in the United States and the size of the small cap investment opportunity.

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Multifamily Forecast: Investors Moving to Secondary Markets

The apartment sector has remained the darling of the commercial real estate for the past six years. This doesn’t appear to be changing anytime soon, as 2016 is expected to set a new record for multifamily mortgage origination volume. While multifamily’s position as top dog remains uncontested, savvy investors are altering their strategy for sourcing Read the full article…

GENERAL: 800.ARBOR.10

Arbor Closes Five Fannie Mae DUS® Loans Totaling $43.2M In California

Arbor Closes Five Fannie Mae DUS® Loans Totaling $43.2M In California

Uniondale, NY (03/16/2011)
Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of five multifamily loans totaling $43,242,000 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines across California:

• Tustin Portfolio, Tustin, CA – The three-building, 117-unit portfolio received $15,500,000 funded under the Fannie Mae DUS® Loan product line. Located within Orange County, the assets are situated in an area near retail centers, thoroughfares, public transportation and community services. Tustin, CA, has also recently shown rising apartment demand, declining vacancy rates and increasing rents. The properties’ 10-year refinance loan amortizes on a 30-year schedule.

• Tuscany Villas, West Covina, CA – The 165-unit complex received $13,600,000 funded under the Fannie Mae DUS® Loan product line. The garden-style property is located about 20 miles east of downtown Los Angeles, CA, in a submarket that has added no new multifamily assets within the past five years and is not scheduled to add to the supply until 2014. The 10-year refinance loan amortizes on a 30-year schedule.

• Bayside Terrace Apartments, San Pedro, CA – The 99-unit complex received $9,600,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.

• Eddy Street Apartments, San Francisco, CA – The 19-unit complex received $2,442,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

• Sherman Grove Apartments, Sunland, CA – The 71-unit complex received $2,100,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

The loans were originated by Greg Gillam, Director, in Arbor’s full-service Manhattan Beach, CA, lending office. “These loans are examples of Fannie Mae’s effort to provide financing for well-maintained properties that provide affordable market-rate housing for the California rental market,” Gillam said.

About Us
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in the origination of debt and equity financing and servicing for multifamily and other diverse commercial assets. Arbor is a Top 10 Fannie Mae DUS® lender and an FHA Multifamily Accelerated Processing (MAP) lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $7.7 billion, Arbor is a primary commercial loan servicer and special servicer rated by Fitch Ratings and Standard & Poor’s. Arbor is also on the Standard & Poor’s Select Servicer List.

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.