Articles

Eight Common Commercial Real Estate Investor Questions

Whether you are just beginning your investing journey or are looking to take your portfolio to the next level, Arbor stands ready with our talented team and decades of expertise. Given our vast experience and national footprint of successful deals, we are familiar with many common commercial real estate investor questions, such as the ones answered in this article.

Articles

Multifamily is Well-Positioned for Short- and Long-Term Growth

With the macroeconomy maintaining its underlying strength and a handful of rate cuts expected by the Fed within the next 18 months, green shoots of optimism within the multifamily sector are multiplying. Even as high interest rates impede normal operations, stabilization is underway while the sector’s long-term prospects remain unwavering. In this deep dive, our research teams will explore the tailwinds underpinning the multifamily sector’s short- and long-term outlook.

Refinance of Existing HUD-Insured Loan

FHA® Interest Rate Reduction (IRR) Refinance of Existing HUD-Insured Loan   Arbor provides this program to reduce the interest rate on qualified existing HUD-insured multifamily loans. The HUD-insured loan remains in place, with reduced payments based on the new rate, the current balance, and the remaining term. The existing prepayment penalty must be paid in full. V041624

Mortgage Insurance for Rental Housing for Urban Renewal and Targeted Redevelopment

FHA®220 Mortgage Insurance for Rental Housing for Urban Renewal and Targeted Redevelopment*   Arbor provides FHA-insured, long-term, fixed rate financing for new construction and substantial rehabilitation of multifamily projects nationwide. This program provides for both construction and permanent financing for projects in urban renewal areas and other areas where local governments have undertaken designated revitalization activities. Applications are typically processed in two stages (preliminary application followed by firm application). Affordable/rental assisted projects and HUDexperienced development teams may request a “straight to firm” application, saving significant time by eliminating the preliminary application stage. V020224

Articles

Regional Construction Trends: Annual Multifamily Completions Surged in the South and West

After the volume of newly issued multifamily permits hit a 37-year high in 2022, multifamily completions surged another 22.3% last year. As the sector continues to gain strength, its growth has remained concentrated in the southern and western regions of the country, according to an analysis of new data from the U.S. Census Bureau’s Survey of Construction.

Articles

The Evolving Characteristics of Multifamily Construction

During the post-global financial crisis (GFC) cycle, a disproportionate share of new multifamily construction was of high-rise units in properties with amenities. However, the tides have turned. The rising cost of homeownership has brought the need for more affordable housing development in the U.S. to the top of many legislative agendas. In this deep dive, our research teams utilize data from the U.S. Census Bureau’s Annual Survey of Construction to show how and why the characteristics of new multifamily properties continue to evolve alongside shifting market needs.

Articles

Video: Growing LGBTQIA+ Visibility in the CRE Industry

LGBTQIA+ Pride Month is recognized in June, but its lessons are timeless. During a recent conversation between Tres Seippel, Director, Construction Management at Arbor, and Dr. Sam Chandan, Founder of Chandan Economics, Founding Director, NYU Chen Institute for Global Real Estate Finance, and Co-Chair of the Real Estate Pride Council, Seippel shared why it is more important than ever for the industry to embrace visibility and show support for employees who identify as LGBTQIA+ or other diverse backgrounds.

General: 800.ARBOR.10

Home | Resources & Press | Arbor Funds $17.2M in Agency Loans in Newark and Paterson, NJ

Arbor Funds $17.2M in Agency Loans in Newark and Paterson, NJ

UNIONDALE, NY (February 11, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded 13 agency loans totaling $17.2M in Newark and Paterson, New Jersey.

The Newark Portfolio, comprised of six mixed-use and multifamily properties in Newark, NJ, received $11.3M in acquisition funding through the Freddie Mac SBL product. Terms included a five-year fixed rate followed by a 15-year adjustable term.

  • 10 Kent Street – This 18-unit multifamily property received $2M in funding. The three-story complex is in close proximity to New Jersey Institute of Technology.
  • 741 Clinton Ave. – This mixed-use property received $1.5M in financing. It includes 20 residential units and some commercial space.
  • 6 Longfellow Ave. – This mixed-use property received $1.4M in funding. It features 13 residential units and two commercial spaces.
  • 8 Monticello Ave. – This mixed-use property received $2M in financing. It is made up of 20 residential units and six commercial spaces.
  • 232 Shephard Ave. – This multifamily property received $2.5M in funding and includes 22 residential units.
  • 268 Stuyvesant Ave. – This multifamily property received $1.8M in financing. It features 30 residential units.

The Paterson Portfolio consists of seven multifamily properties in Paterson, NJ, which received $5.9M refinance cash-out funding through the Fannie Mae Small Loans program. Terms include a 10-year term on a 30-year amortization schedule.

  • 394 River Street – This six-unit walk-up style apartment complex received $617,000 in financing. It is made up of studio, one- and two-bedroom apartments.
  • 130 12th Ave. – This three-story property received $881,000 in funding. It features a one-bedroom apartment and five, two-bedroom residences.
  • 50-54 Clinton Street – This 12-unit multifamily property received $1.4M in financing. The walk-up style building includes studio, one- and two-bedroom apartments.
  • 470-472 10th Ave. – This three-story building received $767,000 in funding and is made up of two and three-bedroom apartments.
  • 71-73 N. Main Street – This six-unit, walk-up style property received $768,000 in financing. It includes two- and three-bedroom apartments.
  • 33-35 Hillman Street – This six-unit walk-up style property received $623,000 in funding. It features six, two-bedroom apartments.
  • 102-104 East Main Street – This six-unit multifamily property received $886,000 in financing and includes six, two-bedroom apartments.

Ari Short of Arbor’s New York City office originated the loans.

“New Jersey has been a very active market,” Short said. “Thanks to Arbor’s industry experience, and its longstanding relationships with Fannie Mae and Freddie Mac, we can offer the best possible terms and structure to our clients.”

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

Newark Portfolio – Newark, NJ

Property Image

Paterson Portfolio – Paterson, NJ

Originator

Ari Short – Originations

Recent News