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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 $27.3M in Midwestern Fannie Mae Multifamily Transactions

UNIONDALE, NY (March 19, 2013) – 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 seven loans totaling $27,265,500 across Iowa, Wisconsin and Michigan under the Fannie Mae Delegated Underwriting & Servicing (DUS®)Loan, Fannie Mae DUS® Small Loan, Fannie Mae DUS® Affordable Housing and Fannie Mae DUS® Dedicated Student Housing product lines. These loans include:

Stoney Creek Village Apartments, Shelby Township, MI This 240-unit multifamily property received $10,850,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Stoney Creek is conveniently located only 30 miles outside north of Detroit.

Waterbury Place Apartments and 787 Burcham Apartments, East Lansing, MI This 50-unit multifamily property received $5,865,000 funded under the Fannie Mae DUS® Dedicated Student Housing product line. The 10-year refinance loan amortizes on a 30-year schedule. Both Waterbury Place and 787 Burcham are occupied exclusively by students of Michigan State University.

Aspen Village Apartments, Holt, MI – This 40-unit multifamily property received $4,500,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Each apartment unit at Aspen Village includes concrete patios or private wood-framed balconies.

Tower Place Apartments, Hudson, WI – This 32-unit multifamily property received $2,450,500 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Tower Place is situated in an area with a mix of multifamily, single-family and industrial properties as well as schools, parks and good access to the major roadways and the greater Minneapolis-St. Paul area.

Maquoketa Park, Maquoketa, IA – This 56-unit multifamily property received $1,185,000 funded under the Fannie Mae DUS® Affordable Housing Loan product line. The 10-year refinance loan amortizes on a 25-year schedule. Common amenities at Maquoketa Park include multiple playground areas, a basketball court and laundry facilities.

Vinton Park, Vinton, IA – This 72-unit multifamily property received $1,537,500 funded under the Fannie Mae DUS® Affordable Housing Loan product line. The 10-year refinance loan amortizes on a 25-year schedule. Common amenities at Vinton Park include multiple playground areas, a basketball court and laundry facilities.

Strawberry Hill, Anamosa, IA – This 40-unit multifamily property received $877,500 funded under the Fannie Mae DUS® Affordable Housing Loan product line. The 10-year refinance loan amortizes on a 25-year schedule. Common amenities at Strawberry Hill include a playground area, a basketball court and a laundry facility.

All of the loans were originated by Mike Jehle, Midwest Regional Director in Arbor’s Bloomfield Hills, MI, office. “Arbor prides itself on providing creative and diverse solutions to meet and exceed the specific needs and expectations of its customers,” Jehle said. “This group of loans, located throughout the Midwestern United States, is evidence of not only Arbor’s market-leading presence, but ability to uniquely customize financial solutions wherever our clients do business.” 

About Us

Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in finance origination and loan servicing for multifamily and other diverse commercial assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender and a HUD-Approved LIHTC Lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $10 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.