Government Shutdown: What Multifamily Borrowers Need to Know

Unless an 11th-hour agreement is reached, a Congressional impasse will trigger the first partial U.S. government shutdown in four years. Starting October 1, 2023, many non-essential federal government operations will be limited or suspended. Agency lending, however, will not be interrupted, and there is no cause for concern. Borrowers should anticipate some inconveniences, such as processing and closing delays.


Understanding the Impact of Wildfires on Rental Property Insurance

From California to Maui, the frequency and scope of wildfire events are rising, causing insurance markets and public agencies to reevaluate property in areas at risk for catastrophic damage. As a result, rental housing providers are seeing greater limitations to coverage, higher premium prices, and, in some cases, a total absence of viable private insurance — a trend detailed in the NMHC 2023 State of Multifamily Risk Survey and Report. This troubling new trend has placed many rental housing operators in a bind where they must simultaneously contend with the declining availability and affordability of insurance options.


Five Advantages of FHA Multifamily Construction Loans

In the last three years, multifamily construction has reached levels not seen since the 1980s, supported, in part, by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) loans. If you are exploring the acquisition, refinancing, rehabilitation, or new construction of conventional multifamily, affordable housing, seniors housing, or a healthcare facility, consider FHA multifamily construction loans, a stable financing option with excellent terms and many other attractive advantages.


Where are Single-Family Rental (SFR) Rents Rising the Fastest?

While the single-family rental (SFR) sector’s rent growth averages have retreated from record highs, structural tailwinds are keeping price growth positive — both nationally and in major SFR markets. In this research brief, Chandan Economics and Arbor Realty Trust analyze DBRS Morningstar data, which covers the top 20 MSAs by SFR activity, to discover the metropolitan areas where SFR rent growth is the hottest right now.


Fannie Mae Small Loans Cap Raised to $9 Million

Fannie Mae recently announced that its Small Loan cap has increased from $6 million to $9 million for all loans committed as of August 22, 2023. Multifamily borrowers and lenders have praised the change to the Fannie Mae Small Loans program, which will encourage greater investment in a rapidly growing sector where demand remains high despite market volatility.


The Top Five Emerging Metros for Retiree Relocation

As Baby Boomers reach retirement age, their evolving geographic preferences are strengthening housing markets and local economies in new locations, which feature attractive climates, relative affordability, and ample outdoor activities. With swelling populations of senior citizens, our top five emerging metropolitan areas for retiree relocation are fertile ground for multifamily real estate investment.


Arbor Funds $92.6M in Fannie Mae Loans Across Seven U.S. States

UNIONDALE, NY (December 15, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed Fannie Mae loans in seven states across the U.S. The properties, made up of 1634 units, received $92.6M in funding.

Ryan Duff of Arbor’s New York City office originated the loans.

“Arbor has been able to keep up with the preservation of affordable housing through Fannie Mae’s mission-driven product lines during the pandemic,” Duff said. “While rates remain low, we’re able to offer cost-effective, highly leveraged and competitive structures to our customers for all of their multifamily financing needs.”

Highlights of Transactions

The following properties received financing through the Fannie Mae DUS® program:
Oaks at Five Mile Apartments in Dallas, TX, received $9.6M in acquisition financing in the first quarter of 2020. Built in 1977 the two-story, 196-unit property features walk-in closets, patios and balconies. Retail shopping and the Dallas Zoo are nearby.

Tuscany Village Apartments in Oklahoma City, OK, received $9M in refinancing in the second quarter of 2020. The community includes 306 units with hardwood floors, vaulted ceilings and built-in bookshelves. A swimming pool, playground and picnic area are available to residents.

Westbridge Apartments in Little Rock, AR, received $6M in refinancing in the second quarter of 2020. Built in 1979, the 180-unit property is pet-friendly. Retail shopping and the Little Rock Zoo are in close proximity.

11-07 Welling Court in Astoria, NY, received $12.4M in refinancing in the third quarter of 2020. The 28-unit complex features custom Italian-crafted kitchens and access to a landscaped roof deck with panoramic views, an outdoor kitchen and more. Parks and public transportation are nearby.

Wingate Apartments in Forest Park, GA, received $11M in refinancing in the third quarter of 2020. The multifamily property features 211 units and is close to shopping, dining and entertainment. Fort Gillem is a short driving distance away.

Inverness Apartments in Tuscaloosa, AL, received $23.2M in acquisition funding in the fourth quarter of 2020. The 208-unit garden-style apartment complex was built in 1996 and offers one to four bedroom floorplans with fireplaces and balconies.

El Rancho Apartments in Dallas, TX, received $12M in refinancing in the fourth quarter of 2020. Built in 1968, the 308-unit gated complex was renovated in 2015. Retail shopping is within walking distance.

Four additional properties received refinancing through the Fannie Mae DUS® Small Loan program:
Jax Square Townhomes in Sterlington, LA, received $3.2M in the third quarter of 2020. The 30-unit property offers two- and three-bedroom options with walk-in closets, granite kitchen countertops and stainless steel appliances.

Sterling Townhomes in Sterlington, LA, received $2.9M in the third quarter of 2020. Built in 2015, the 28 unit property is made up of two- and three-bedroom floorplans with granite kitchen countertops and stainless steel appliances.

Strawberry Commons in Dalton, GA, received $2.1M in the third quarter of 2020. The 39-unit multifamily garden, low rise features a picnic area and playground. Retail shopping is nearby.

One Fort Worth, TX, property received funding through the Fannie Mae DUS® Supplemental Loan program:
Regency Oaks received $1.2M in the second quarter of 2020. The 100-unit gated property includes one-, two-, and three-bedroom options and a swimming pool for residents.

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, seniors housing, healthcare 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 Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, 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.

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Inverness Apartments – Tuscaloosa, AL

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Wingate Apartments – Forest Park, GA

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Tuscany Village Apartments – Oklahoma City, OK


Ryan Duff – Vice President, Originations