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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 $79.1M in Multifamily Deals Coast to Coast

UNIONDALE, NY (Oct. 15, 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 19 loans totaling $79,082,000 across the country under a variety of loan programs, including the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS® Small Loan, Fannie Mae DUS® Military Loan, Fannie Mae DUS® Affordable Housing Loan and Arbor Bridge Loan product lines. All of the loans were originated by Ronen Abergel, Vice President in Arbor’s New York, NY office. These loans include:

  • Gateway Commons Apartments, Depew, NY – This 88-unit multifamily property received $7,650,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The complex was constructed in 2011.
  • Newell Apartments, Tonawanda, NY – This 72-unit multifamily property received $3,200,000 funded under the Fannie Mae DUS® Small Loan product line. The 7-year refinance loan amortizes on a 30-year schedule. Made up of 11 separate buildings, each building contains its own laundry facility. The Newell Apartment complex is located approximately six miles from Buffalo, NY.
  • Multifamily Property, Ravena, NY – This 278-unit property received $7,700,000 funded under the Arbor Bridge Loan product line. The refinance loan has a term of 24 months.
  • Prairie  Apartments,  Lansing,  IL  –  This  144-unit  multifamily  property  received $6,920,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property is located approximately 26 miles south of downtown Chicago. Amenities include a tenant storage area and a common area laundry facility.
  • Stanford Oaks Apartments, Tucker, GA – This 202-unit multifamily property received $6,000,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Community amenities include a community pool, children’s playground and combination leasing office/clubhouse. The clubhouse facility includes a community room with tables and chairs and hosts after-school programs. Additionally, the complex features a laundry facility.
  • Longhorn Cove Apartments, Denton, TX – This 66-unit multifamily property received $5,918,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property is a new construction duplex, completed in 2010. Each unit has an individual entrance, a two-car garage, a washer/dryer hook up, high ceilings (up to 14 feet) and large walk-in closets.
  • Keswick Apartments, Greenville, NC – This 180-unit multifamily property received $5,590,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Community amenities include a clubhouse with an adjacent swimming pool and sundeck, a fenced and lighted tennis court and open surface parking spaces. The property also has a central fitness center and laundry facility.
  • Oakwood Apartments, Newton, NC – This 140-unit multifamily property received $4,400,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property amenities include a community pool and a clubhouse facility with a kitchen and small banquet area. A central laundry facility is also available for tenants.
  • Sharon Oaks Apartments, Charlotte, NC – This 98-unit multifamily property received $3,550,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property includes a shared outdoor grilling area, and each unit includes a washer/dryer connection.
  • The Meadows Apartments, Sparks, NV – This 110-unit multifamily property received $4,300,000 funded under the Fannie Mae DUS® Loan product line. The 12-year refinance loan amortizes on a 30-year schedule. The complex has a central playground and laundry facility. Sparks is located just east of Reno, NV.
  • Maple  Estates,  Lee’s  Summit,  MO  –  This  185-unit  multifamily property  received $3,900,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The apartment complex provides a central laundry and workout area to residents. Lee’s Summit, MO, is approximately 20 miles southeast of Kansas City, MO.
  • Plaza Place Apartments, North Augusta, SC – This 120-unit multifamily property received $3,538,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property features a community pool, laundry, multi-purpose/basketball court and playground.
  • Arbor Square Apartments, Shawnee, KS – This 195-unit multifamily property received $5,900,000 funded under the Fannie Mae DUS® Affordable Housing Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Shawnee, KS, is located approximately 10 miles west of Kansas City, MO.
  • Lillian Square Apartments, Pensacola, FL – This 99-unit multifamily property received $1,650,000 funded under the Fannie Mae DUS® Military Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The complex includes a community swimming pool for residents.
  • 9th  Avenue Apartments, Pensacola, FL – This 66-unit multifamily property received $1,445,000 funded under the Fannie Mae DUS® Military Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The complex includes an on-site laundry facility.
  • Townview Apartments, Zephyrhills, FL – This 46-unit multifamily property received $1,760,000 funded under the Fannie Mae DUS® Small Loan product line. The five-year refinance loan amortizes on a 30-year schedule. The property provides tenants with a central laundry facility and a community swimming pool.
  • The Villas Luxury Apartments, Marysville, CA – This 36-unit multifamily property received $2,428,500 funded under the Fannie Mae DUS® Small Loan product line. The 20-year refinance loan amortizes on a 20-year schedule. Several of the units can be rented furnished and include a bed and frame, dressers, night stands, a sofa, lounge chairs, a dining table, table lamps and a television set, among other furnishings. Other accessories include artwork, a telephone, a clock radio, a toaster, a coffee maker, a microwave, bathroom towels, bed sheets, pillows, blankets, various kitchenware and waste baskets.
  • 1443 South Bonnie Brae Street Apartments, Los Angeles, CA – This 40-unit multifamily property received $1,912,000 funded under the Fannie Mae DUS® Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The apartment building features a central laundry room as well as storage areas for tenants.
  • Emerald Court Apartments, New Brighton, MN – This 54-unit multifamily property received $1,650,000 funded under the Fannie Mae DUS® Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The complex is made up of two buildings, each with its own laundry facility.

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 10Fannie Mae DUS® Multifamily Lender, 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 $10.5 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.