About Chatter

Welcome to Chatter! We’re happy to be your source for multifamily news, research and insight. Bookmark us and be sure to sign up for our weekly newsletter to stay on top of all things financing and investment for the multifamily industry. We also invite you to follow us on Twitter. What is Chatter? So what Read the full article…

Research

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.

Around the Web

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 $37.5M in Multifamily Deals Across Southwest & TN

UNIONDALE, NY (Feb. 10, 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 eight loans totaling $37,476,500 under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Supplemental, and  Fannie Mae DUS ARM 7/6™ product lines.

All of the loans were originated by Greg Gillam, Vice President in Arbor’s Manhattan Beach, CA office. “The multifamily market’s fundamentals from California to Texas continue to improve, enabling investors to obtain attractive financing for their properties through multi-faceted lenders such as Arbor, which offers uniquely diverse and flexible loan products,” Gillam said. “With this most recent group of deals in particular, we noticed a decided increase in acquisition activity as investors continue to increase their appetite for multifamily assets.”

The loans include:

  • Riverton of the High Desert, Victorville, CA – This 220-unit multifamily property received $15,159,000 funded under the Fannie Mae DUS ARM 7/6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.  The property includes an in-ground, outdoor swimming pool; a whirlpool spa; and a children’s play area.
  • La Quinta Springs Apartments, Indio, CA – This 80-unit multifamily property received $6,120,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Residents have access to an outdoor swimming pool, a spa, a dog park, outdoor parking and a gated entry.
  • Vista Del Sol, Pleasanton, CA – This 73-unit multifamily property received $5,450,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The property includes a fitness center for residents.
  • Watercrest at the Polo Fields (Casa Monroe), Indio, CA – This 226-unit multifamily property received $3,000,000 funded under the Fannie Mae DUS Supplemental Loan product line. The eight-year loan amortizes on a 30-year schedule. The complex includes two swimming pools, two heated spas, central laundry facilities, a playground and on-site parking.
  • The Artesian Apartments, Bellflower, CA – This 26-unit multifamily property received $2,300,000 funded under the Fannie Mae DUS Small Loan product line. The 12-year refinance loan amortizes on a 30-year schedule. Residents have access to a laundry room that includes three coin operated washers and four coin operated dryers.
  • Village Green Apartments, Bakersfield, CA – This 40-unit property received $1,635,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.  The property has gated access and two laundry facilities in structures attached to carports.  Each laundry room contains two washers and two gas-fired dryers.
  • Parksvillas Apartments, Arlington, TX – This 103-unit multifamily property received $1,897,500 funded under the Fannie Mae DUS Small Loan product line. The 12-year refinance loan amortizes on a 30-year schedule.  The complex includes a swimming pool, fitness room and a central laundry facility.
  • Silver Creek Apartments, Red Bank, TN – This 83-unit multifamily property received $1,865,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.  Residents have access to laundry facilities, a swimming pool and a tennis court.

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 Loan Multifamily Lender by origination volume, 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 $10.8 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.