Articles

Government Shutdown: What Multifamily Borrowers Need to Know

Unless an 11th-hour agreement is reached, a Congressional impasse will trigger the first partial U.S. government shutdown in four years. Starting October 1, 2023, many non-essential federal government operations will be limited or suspended. Agency lending, however, will not be interrupted, and there is no cause for concern. Borrowers should anticipate some inconveniences, such as processing and closing delays.

Articles

Understanding the Impact of Wildfires on Rental Property Insurance

From California to Maui, the frequency and scope of wildfire events are rising, causing insurance markets and public agencies to reevaluate property in areas at risk for catastrophic damage. As a result, rental housing providers are seeing greater limitations to coverage, higher premium prices, and, in some cases, a total absence of viable private insurance — a trend detailed in the NMHC 2023 State of Multifamily Risk Survey and Report. This troubling new trend has placed many rental housing operators in a bind where they must simultaneously contend with the declining availability and affordability of insurance options.

Articles

Five Advantages of FHA Multifamily Construction Loans

In the last three years, multifamily construction has reached levels not seen since the 1980s, supported, in part, by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) loans. If you are exploring the acquisition, refinancing, rehabilitation, or new construction of conventional multifamily, affordable housing, seniors housing, or a healthcare facility, consider FHA multifamily construction loans, a stable financing option with excellent terms and many other attractive advantages.

Articles

Where are Single-Family Rental (SFR) Rents Rising the Fastest?

While the single-family rental (SFR) sector’s rent growth averages have retreated from record highs, structural tailwinds are keeping price growth positive — both nationally and in major SFR markets. In this research brief, Chandan Economics and Arbor Realty Trust analyze DBRS Morningstar data, which covers the top 20 MSAs by SFR activity, to discover the metropolitan areas where SFR rent growth is the hottest right now.

Articles

Fannie Mae Small Loans Cap Raised to $9 Million

Fannie Mae recently announced that its Small Loan cap has increased from $6 million to $9 million for all loans committed as of August 22, 2023. Multifamily borrowers and lenders have praised the change to the Fannie Mae Small Loans program, which will encourage greater investment in a rapidly growing sector where demand remains high despite market volatility.

Articles

The Top Five Emerging Metros for Retiree Relocation

As Baby Boomers reach retirement age, their evolving geographic preferences are strengthening housing markets and local economies in new locations, which feature attractive climates, relative affordability, and ample outdoor activities. With swelling populations of senior citizens, our top five emerging metropolitan areas for retiree relocation are fertile ground for multifamily real estate investment.

GENERAL: 800.ARBOR.10

Home | Resources & Press | Arbor Funds $16.3M Fannie Mae Loans in Myrtle Beach, SC

Arbor Funds $16.3M Fannie Mae Loans in Myrtle Beach, SC

UNIONDALE, NY (April 2, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded $16.3M in Fannie Mae DUS® and Fannie Mae Small loans in Myrtle Beach, SC.

Patriots Way At The Beach Apartments received $9.6M in refinance financing, with a 12-year fixed rate, through the Fannie Mae DUS® program. The property is comprised of 110, two-bedroom units and features hardwood floors and walk-in closets. It is minutes away from the beach, with fine dining, shopping and entertainment nearby.

The 501 38th Avenue Portfolio received $2.2M in refinance, cash-out funding, with a 12-year fixed rate, through the Fannie Mae Small Loan program. Built in 1963, the 34-unit complex is a short distance from the Children’s Museum of South Carolina, Ripley’s Aquarium and local shopping.

Avenue North Apartments received $3.2M in refinance, cash-out funding, with a 12-year fixed rate, though the Fannie Mae Small Loan program. The 43-unit property is less than a half-mile from the beach, restaurants and shopping.

604 19th Street received $1.2M in refinance funding, with a 12-year fixed rate, through the Fannie Mae Small Loan program. Built in 1966, the multifamily property is made up of 17 units and is located just minutes from the beach.

Eric Regenbogen of Arbor’s Uniondale office originated the loans.

“Identifying individualized financial solutions for all our borrowers is our top priority,” Regenbogen said. “These deals provided our clients with the necessary resources to meet both their short and long-term goals.”

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, seniors housing, healthcare 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 Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, 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.

Property Image

Patriots Way – Myrtle Beach, SC

Property Image

501 38th Street – Myrtle Beach, SC

Property Image

Avenue North – Myrtle Beach, SC

Property Image

604 19th Street – Myrtle Beach, SC

Originator

Eric Regenbogen – Originations

Recent News