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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 Funds $123.2M in Multifamily Deals Across Midwest, Southwest & Southeast

UNIONDALE, NY (May 1, 2014) – Arbor Commercial Funding, LLC (“Arbor”), a wholly- owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, announced the recent funding of 24 loans totaling $123,227,400 under Arbor’s Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Affordable Housing, Fannie Mae DUS ARM 7-6™, Arbor CMBS and Arbor Realty Trust Bridge product lines.

All of the loans were originated by Matt Norman, Vice President in Arbor’s Dallas, TX, office. “As there are strong multifamily investment opportunities across the country, Arbor prides itself in providing local market expertise to its clients wherever their business takes them, as evidenced by this latest group of loans,” Norman said.  “Equally important to offering geographic diversity is product diversity and these transactions required an expansive product approach that ranged from fixed- to adjustable-rate financing to affordable housing, bridge, CMBS and small loans.”

Selma Alabama Portfolio, Selma, AL – This 172-unit multifamily portfolio received $4,590,000 funded under the Fannie Mae DUS Loan product line. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

Sutton Bridge Apartments, Rainbow City, AL – This 108-unit multifamily property received $3,400,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

Woodland Square Apartments, Mobile, AL – This 128-unit multifamily property received $3,290,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

Multifamily Property, Ohio – This 416-unit multifamily property received $11,900,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.  Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

Multifamily Property, Ohio – This 176-unit multifamily property received $2,768,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

Multifamily Property, Houston, TX – This 455-unit multifamily property received $16,800,000 funded under the Arbor CMBS Loan product line.  The 10-year refinance loan amortizes on a 30-year schedule and provided significant equity recapture for future acquisitions.

Multifamily Property, Houston, TX – This 704-unit multifamily property received $16,534,000 funded under the Arbor Realty Trust Bridge Loan product line. The three-year loan was for a new acquisition and rehab at 75 percent of qualified cost basis.

Multifamily Property, Dallas, TX – This 312-unit multifamily property received $10,600,000 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

Multifamily Property, Dallas, TX – This 320-unit multifamily property received $8,200,000 funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.  Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

Glen Oaks Apartments, Dallas, TX – This 132-unit multifamily property received $5,800,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule and included a minor rehab component.

Mark VI Apartments, Houston, TX – This 144-unit multifamily property received $3,983,900 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 25-year schedule.

The Steppes Apartments, Fort Worth, TX – This 116-unit multifamily property received $3,944,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Ridgmar Hills Apartments, Fort Worth, TX – This 118-unit multifamily property received $3,824,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Pinewoods Apartments, Arlington, TX – This 112-unit multifamily property received $3,182,000 funded under the Fannie Mae DUS Loan product line. The seven-year portfolio refinance loan amortizes on a 30-year schedule and enabled the client to replace his existing agency loan with a new loan at a lower rate.

Townhouse Apartments, Ennis, TX – This 112-unit multifamily property received $2,999,500 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

The Woods of Haltom, Haltom City, TX – This 88-unit multifamily property received $2,828,000 funded under the Fannie Mae DUS Small Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

Pelican Reef Apartments, Seabrook, TX – This 89-unit multifamily property received $1,900,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 25-year schedule.

Sycamore Gardens, Pasadena, TX – This 56-unit multifamily property received $1,640,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Braeswood Plaza Apartments, Houston, TX – This 66-unit multifamily property received $1,340,000 funded under the Fannie Mae DUS Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.

Four Seasons Apartments, Raleigh, NC – This 244-unit multifamily property received $3,960,000 funded under the Fannie Mae DUS Supplemental Loan product line. The seven-year loan amortizes on a 30-year schedule and provided valuable equity recapture for the client to use on future acquisitions.

Multifamily Property, Pittsburgh, PA – This 126-unit multifamily property received $3,787,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. Arbor’s loan was a rate and term refinance providing non-recourse financing.

Foothill Terrace Apartments, Salt Lake City, UT – This 66-unit multifamily property received $3,417,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Keystone Palms Apartments, Tampa, FL – This 63-unit multifamily property received $1,700,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule and was used to retire the recourse loan originally used to acquire the property.

Mesa Verde Apartments, Roswell, NM – This 142-unit multifamily property received $840,000 funded under the Fannie Mae DUS Supplemental Loan product line. The eight-year loan amortizes on a 30-year schedule and was used by the borrower to recapture equity to be used for future acquisitions.

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 and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender, a Freddie Mac Program Plus® Seller/Servicer, 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 $10 billion, Arbor is a primary commercial loan servicer and special servicer rated by Fitch Ratings and Standard & Poor’s and holds an Above Average rating from 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.