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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 $67M in Multifamily Deals Across Southeast and Western U.S.

UNIONDALE, NY (March 21, 2016) – Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 17 loans totaling  $67,903,000 across Oklahoma, North Carolina, Georgia, New York, Alabama, Florida, California and Texas under Arbor’s Freddie Mac Small Balance Loan, Fannie Mae DUS®, Fannie Mae DUS® Multifamily Affordable Housing and Arbor Realty Trust Bridge programs.

Joe Charneski, Vice President in Arbor’s New York, NY, office originated each of the loans. “As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong seniors housing market conditions,” Charneski said. “Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including unique one-stop-shop bridge to permanent financing that satisfies investors short- and long-term financing needs.”

The loans included the following:

North Carolina
·         Woodland Hollow Apartments, Charlotte, NC – This 246-unit multifamily property received $7,600,000 funded under the Fannie Mae DUS product line. The seven-year refinance loan amortizes on a 30-year schedule.

·         Grand Oaks Apartments, Charlotte, NC – This 243-unit multifamily property received $5,250,000 funded under the Fannie Mae DUS product line. The seven-year refinance loan amortizes on a 30-year schedule.

Georgia
·         Multifamily Property, College Park, GA – This 377-unit multifamily property received $7,600,000 funded under the Arbor Realty Trust Bridge product line and is a two-year acquisition loan.

·         Multifamily Property, College Park, GA – This 372-unit multifamily property received $6,735,000 funded under the Arbor Realty Trust Bridge product line and is a 12-month acquisition loan.

·         Cobblestone Apartment Homes, Marietta, GA – This 244-unit multifamily property received $5,500,000 funded under the Fannie Mae DUS product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Orchard Brook, Gainesville, GA – This 115-unit multifamily property received $4,833,000 funded under the Fannie Mae DUS product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Orchard Brook, Gainesville, GA – This 115-unit multifamily property received $4,833,000 funded under the Fannie Mae DUS product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         Crogman School Lofts, Atlanta, GA – This 105-unit multifamily property received $3,378,000 funded under the Fannie Mae DUS MAH product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         Multifamily Property, Valdosta, GA – This multifamily property received $3,290,000 funded under the Arbor Realty Trust Bridge product line and is a two-year acquisition loan.

Alabama
·         Multifamily Property, Mobile, AL – This multifamily property received $6,750,000 funded under the Arbor Realty Trust Bridge product line and is a two-year acquisition loan.

Florida
·         Planter’s Crossing, Tallahassee, FL – This 105-unit multifamily property received $4,762,000 funded under the Freddie Mac Small Balance Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.

Oklahoma
·         Woodbrier Apartments, Oklahoma City, OK – This 128-unit multifamily property received $3,310,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

New York
·         2485 Elm Place, Bronx, NY – This 26-unit multifamily property received $2,300,000 funded under the Freddie Mac Small Balance Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

·         2408 & 2420 Webster Avenue, New York, NY – This 16-unit multifamily property received $1,850,000 funded under the Freddie Mac Small Balance Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.

·         2078 Vyse Avenue, Bronx, NY – This eight-unit multifamily property received $1,000,000 funded under the Freddie Mac Small Balance Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.
 
California
·         4415 Ambrose Avenue Apartments, Los Angeles, CA – This 11-unit multifamily property received $1,429,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         4423 Ambrose Avenue Apartments, Los Angeles, CA – This nine-unit multifamily property received $1,029,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·         1554 Wilson Avenue Apartments, Glendale, CA – This nine-unit multifamily property received $1,367,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
 
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, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume and the Top Fannie Mae Small Loan lender, a Freddie Mac Program Plus® Seller/Servicer and the Top Freddie Mac Small Balance Loan Lender, a Fannie Mae and Freddie Mac Seniors Housing Lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, Bridge, Mezzanine and Preferred Equity lender, consistently building on its reputation for service, quality and flexibility. Arbor also offers Arbor LoanExpress, an online loan origination and processing platform designed to make multifamily financing easier and quicker for borrowers, brokers and correspondent lenders. With a current servicing portfolio of more than $12 billion, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.

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.