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 $86.4M in CA & TX Fannie Mae Multifamily Transactions

UNIONDALE, NY (April 24, 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 14 loans totaling $86,412,000 across Texas and California under the Fannie Mae Delegated Underwriting & Servicing (DUS®)Loan, Fannie Mae DUS® Small Loan and Fannie Mae DUS® ARM 7/6 product lines. These loans include:

Creekside Glen Apartments, Walnut Creek, CA – This 152-unit multifamily property received $18,399,000 funded under the Fannie Mae DUS® ARM 7/6 product line. The seven-year acquisition loan amortizes on a 30-year schedule. Walnut Creek serves as the business and entertainment hub of Contra Costa County with immediate access to Interstate 680, Highway 24 and Bay Area Rapid Transit (BART).

Carmel House Apartments, Walnut Creek, CA – This 107-unit multifamily property received $12,894,000 funded under the Fannie Mae DUS® ARM 7/6 product line. The seven-year acquisition loan amortizes on a 30-year schedule. Located on the immediate perimeter of popular downtown Walnut Creek, Carmel House offers tenants wonderful walkability to dining and retail options.

Cypress Creek Apartments, Walnut Creek, CA – This 99-unit multifamily property received $11,660,000 funded under the Fannie Mae DUS® ARM 7/6 product line. The seven-year acquisition loan amortizes on a 30-year schedule. The Cypress Creek Apartment complex is located on a major thoroughfare off of Highway 680.

Briarwood Apartments, Turlock, CA – This 144-unit multifamily property received $5,400,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The Briarwood Apartment complex is located in the established, primarily residential area of Turlock and is convenient to schools, parks and the central business district.

Coaling Station B Apartments, Coalinga, CA – This 105-unit multifamily property received $3,350,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Coalinga is conveniently located 10 miles west of Interstate 5.

Village Ceres Apartments, Ceres, CA – This 48-unit multifamily property received $1,820,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Village Ceres Apartments is convenient to schools, parks and the central business district.

Park Lane Villas, Austin, TX – This 242-unit multifamily property received $11,344,800 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Park Lane Villas is a garden style apartment complex located less than five miles from the downtown Austin area.

Trinity Oaks Apartments, Dallas, TX – This 240-unit multifamily property received $5,300,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Trinity Oaks is located approximately 17 miles from downtown Dallas and is .25 miles away from a major commercial corridor that boasts restaurants as well as a number of regional offices for Fortune 500 companies.

The Forest at Duck Creek Apartments, Garland, TX This 130-unit multifamily property received $5,025,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The Forest at Duck Creek complex is located approximately 10 miles from the downtown Dallas area.

Stone Creek Apartments, Marshall, TX – This 80-unit multifamily property received $3,320,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Stone Creek is a garden style apartment complex located 40 miles from Shreveport, LA.

The Palms of Lake Jackson, Lake Jackson, TX – This 184-unit multifamily property received $3,250,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 25-year schedule. Lake Jackson is located in Brazosport County, which is best known for its wide expanse of sandy beaches.

Highland Square Apartments, Alvin, TX – This 104-unit multifamily property received $1,850,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 25-year schedule. Highland Square is a garden style apartment complex located approximately 25 miles southeast of Houston, TX.

Meadowlark Place,      Lindale, TX – This 56-unit multifamily property received $1,700,000      funded under the Fannie Mae DUS® Small Loan product line. The 30-year cash      out loan amortizes on a 30-year schedule. Meadowlark      Place is made up of Duplex-style units.

Valencia Apartments, Harlingen, TX – This 62-unit multifamily property received $1,100,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Valencia Apartments is a garden-style apartment complex.

All of the loans were originated by Jay Porterfield, Vice President in Arbor’s Plano, TX, office. “As a national direct lender, Arbor has comprehensive market expertise throughout the country, including in such multifamily hotbed markets as California and Texas,” Porterfield said. “As demonstrated by this diverse portfolio of loans, Arbor is providing the personal service and expertise needed for investors to take advantage of today’s strong market conditions.”

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 $10.1 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.