In Part 2 of this new video series from Arbor and Chandan Economics, we focus on the small balance multifamily market’s fundamentals and performance throughout this cycle.
Small Balance Lending Surges Through First Half of 2019 Small balance multifamily lending volume in the first half of 2019 totaled $58.5 billion on an annualized basis, representing a 7.9% gain from 2018’s total. Whether the macroeconomic and real estate cycle continues to lengthen or we begin to see signs of a market correction, we can expect the small balance market to hold steady as lenders continue to maintain conservative underwriting. In the interim, favorable interest rates will elevate refinancing activity, and the sector’s continued maturation and increased agency support will continue to promote liquidity in the space. For more insights on the small balance multifamily sector, read Arbor Chatter’s “Q2 2019 Small Balance Multifamily Investment Trends Report.” Explore charts and insights, including: Lending Volume Cap Rates & Spreads Interest Rates Leverage & Debt Yields
With LIBOR set to expire at the end of 2021, multifamily lenders are preparing to transition to an adjustable-rate alternative. The Secured Overnight Financing Rate (SOFR) has been recommended by several industry players as the preferred alternative.
A big topic of conversation throughout this economic cycle has been if the multifamily sector is oversupplied. However, perhaps the more important question for investors should be about demand, noted Greg Willett, chief economist at RealPage, speaking on a panel at the 2019 MBA CREF Market Intelligence Symposium.
Women make up a slightly larger share of seniors co-living in apartments, while divorcees and those separated form the largest group of co-living seniors.
In this new video series from Arbor and Chandan Economics, Sam Chandan, founder of Chandan Economics and head of the NYU SPS Schack Institute of Real Estate, discusses the state of the U.S. economy, which is experiencing the longest expansion in history.
Sharing rental homes is no longer just a Millennial affair. The number of seniors living with unrelated roommates has swelled in recent years, capturing the national spotlight
Arbor’s nationwide experience and expertise allow us to customize multifamily financing wherever your portfolio takes you.
Los Angeles,
CA
Freddie Mac SBL
|
$5-10M
Los Angeles,
CA
Freddie Mac SBL
|
$1-5M
Austin,
TX
Fannie Mae Small Loan
|
$1-5M
Newark,
NJ
Freddie Mac SBL
|
$1-5M
Chicago,
IL
Fannie Mae DUS
|
$5-10M
Buffalo,
NY
Fannie Mae DUS
|
$5-10M
Saint Petersburg,
FL
Fannie Mae DUS
|
$5-10M
Balch Springs,
TX
Fannie Mae Small Loan
|
$1-5M
Eudora,
KS
Fannie Mae DUS
|
$1-5M
