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.


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.


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.


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.


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.


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.


Arbor Funds $19.7M in Multifamily Loans Across Florida

UNIONDALE, NY (November 9, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR),a leading multifamily and commercial mortgage lender, recently funded six multifamily transactions across Florida. The properties, consisting of 216 units, received $19.7M in financing.

James Fiesel of Arbor’s New York City office originated the loans.

“Our team offers competitive terms across a variety of product types,” Fiesel said. “Arbor is committed to providing all of our clients with customized financial solutions that align with their short- and long-term needs.”

Transaction details

A Hialeah property received financing through the Fannie Mae DUS® Standard Loan program:

Hilton Estates received $9.7M in acquisition funding with a 10-year term in the third quarter of 2020. Built in 1989, the 66-unit property is pet-friendly. Florida National College and Miami Dade College are nearby.

The following three properties received funding through the Fannie Mae DUS® Small Loan program:

Parkview Apartments in Eustis, received $3.1M in refinancing with a 10-year term in the second quarter of 2020. Built in 1971, the 56-unit pet-friendly community is near to retail shopping and Trout Lake Nature Center.

1621 NW 19th Street in Miami, received $1.6M in refinancing with a 12-year term in the third quarter of 2020. The multifamily complex is made up of 20 units with new kitchen cabinets and granite countertops.

6791 NW 22nd Ave. in Miami, received $2.1M in refinancing with a 12-year term in the fourth quarter of 2020. The two-story, garden low-rise features 36 units with central air conditioning. Local transportation and Miami Dade College are a short driving distance away.

Two additional properties received funding through the Freddie Mac Small Balance Loan program:

Spruce Apartments in West Palm Beach, received $1.5M in acquisition financing in the second quarter of 2020. The two-story, gated community consists of 18 units and features a Zen garden. It is in close proximity to Four Arts Gardens and retail shopping.

1362 SW 2nd Street in Miami, received $1.7M in refinancing in the fourth quarter of 2020. The recently renovated 20-unit property includes one- and two-bedroom offerings with tile flooring. Local transit, retail shopping and the Vizcaya Museum and Gardens are a short driving distance away.

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.

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Hilton Estates – Hialeah, FL

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1621 NW 19th Street – Miami, FL

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Spruce Apartments – West Palm Beach, FL


James Fiesel – Originations