Analysis

Top U.S. Multifamily Rent Growth Markets — Q2 2024

The U.S. multifamily market followed the quick pandemic contraction with a strong recovery, and has now normalized into a more stable cycle. Demand remained strong across the country, with a wide variety of markets among the leaders for rent growth.

Articles

Affordable Housing Supports Positive Physical and Mental Health

Did you know that more U.S. renters now spend over 30% of their income on housing and utilities than at any other time on record? Limited affordable housing options not only increase the rent burdens of low-income tenants but disrupt physical and mental health, underscoring the need for the creation and preservation of more affordable housing units nationwide. Quality affordable housing adds stability to communities and supports healthier environments that can significantly improve well-being.

Analysis

U.S. Multifamily Market Snapshot — August 2024

After skyrocketing through a boom cycle over the past two years, the U.S. multifamily market settled into a cycle of stabilization in the first half of 2024. Rents held steady, occupancy increased, and vacancy rates remained in line with historical averages, while investor sentiment remained positive.

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Annual SFR CMBS Issuance On Pace to Triple in 2024

Single-family rental (SFR) CMBS issuance saw a sizeable pickup through the first half of 2024, with $4.2 billion in new issuance, placing it on pace to at least triple last year’s annual total.

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Arbor’s Build-to-Rent Financing: 10 Reasons to Choose a Premier Lender

Build-to-rent (BTR), a compelling solution to the U.S. housing market’s evolving needs, is experiencing record growth. BTR accounted for 8% of all single-family rental (SFR) construction starts in the 12 months that ended in the first quarter of 2024, according to Arbor’s Single-Family Rental Investment Trends Report Q2 2024. As the need for quality rental units remains high, borrowers have much to gain from partnering with an experienced lender who specializes in build-to-rent financing.

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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

General: 800.ARBOR.10

Arbor Funds $45M in Single-Family Rental Portfolio Loans Across Seven States

UNIONDALE, NY (July 7, 2021) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading residential and commercial mortgage lender, recently closed nine transactions under its Single-Family Rental Portfolio (SFR) lending platform. The loan proceeds were used to finance acquisitions, construction and recapitalizations across seven states.

Since its launch, Arbor’s Single-Family Rental Portfolio Platform has been a key area of focus and growth for the company. Through the lending platform, Arbor has been able to capture the rapid increase in demand for SFR properties. Offering both short-term and permanent financing products, Arbor’s platform has funded new development, transitional and stabilized SFR portfolio transactions.

“We believe the single-family rental space is as big as the multifamily lending market and is a phenomenal business with enormous opportunities in the bridge, permanent lending and build-to-rent products,” said Ivan Kaufman, Chairman and CEO of Arbor Realty Trust. “We made considerable progress in growing out this platform and are committed to being a leader in the space. We are very pleased with the significant growth we are seeing in our pipeline of opportunity by leveraging off of our existing originations capacity and capabilities.”

Recent SFR transaction details:

New Development in McKinney, TX – Arbor provided $19.3M in build-to-rent construction financing for this 136-unit community. In addition to single-family residences, the community features 1-, 2- and 3-bedroom duplexes and will offer multiple amenities and services to its residents. Brian Scharf of Arbor’s Uniondale, NY office originated the loan.

Portfolio across Phoenix, Glendale and Scottsdale, AZ – Arbor provided a $5.8M term loan to refinance this 17-unit SFR portfolio. The detached single-family properties are situated in Phoenix, Glendale and Scottsdale, AZ. Eric Regenbogen of Arbor’s Uniondale, NY office originated the loan.

Portfolio in Jacksonville, FL – Arbor provided a $4.5M term loan to refinance this 75-unit SFR portfolio. The detached single-family homes are spread across multiple neighborhoods in Jacksonville, FL. Geoffrey Platt of Arbor’s New York City office originated the loan.

Portfolio in Memphis, TN – Arbor provided a $3.7M term loan to refinance this 31-unit SFR portfolio. The portfolio is situated in and around the Springhill neighborhood located northeast of downtown Memphis. Geoffrey Platt of Arbor’s New York City office originated the loan.

Portfolio in New Haven, CT – Arbor provided a $3.2M term loan to refinance this 37-unit SFR portfolio. The properties are located within walking distance of downtown New Haven and Yale University’s campus. Robert Mendeles of Arbor’s Englewood Cliffs, NJ office originated the loan.

Portfolio across CA, UT and TX – Arbor provided a $2.5M term loan to refinance this 24-unit portfolio located across Palmdale, CA, Houston, TX, and Salt Lake City, UT. Derek Kirma of Arbor’s San Diego, CA office originated the loan.

Portfolio in Nashville, TN – Arbor provided a $2.2M bridge loan to finance a 20-unit portfolio located in East Nashville. Samuel Schwass of Arbor’s Depew, NY office originated the loan.

Portfolio in New Haven, CT – Arbor provided a $2.1M term loan to refinance this 20-unit SFR portfolio. The properties are located in and around the Newhallville neighborhood, approximately two miles north of downtown New Haven. Robert Mendeles of Arbor’s Englewood Cliffs, NJ office originated the loan.

Portfolio in Groton, CT – Arbor provided a $1.7M term loan to refinance this 26-unit portfolio situated on the Thames River in Groton, CT. Geoffrey Platt of Arbor’s New York City office originated the loan.

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, 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 leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, 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.