Strong economic growth, rising interest rates, and exceptionally tight labor markets contributed to small balance lending volume reaching an annualized rate of $47.0 billion through the first half of 2018, down 5.8% from last year.
The Southeast Region of the U.S. has continued to see strong rent growth, with nine of the 12 primary markets experiencing rent increases higher than the national average over the 12 months ending in Q2 2018. Vacancy rates across the region have skewed higher recently, driven by the addition of new supply in the markets.
Rental demand across the U.S. is on the rise, but the supply of apartments is not keeping pace, resulting in a housing shortage. Did you know that the U.S. needs 4.6 million more apartments by 2030 in order to keep up with demand? This new infographic from the National Multifamily Housing Council and National Apartment Association takes a look at the issue by the numbers:
A sizeable share of collegiate Millennials lives in off-campus rental accommodations, with apartment buildings dominating this segment.
Small apartment properties play a crucial role in maintaining affordable rental options for the workforce segment across US metros.
Small apartment buildings comprise the largest share of workforce housing demand within the top 20 metros, while single-family rentals dominate the next 30.
[insert_php]if(!empty($GLOBALS[‘utm_source’])) { echo ‘‘; } [/insert_php] Request a Quote Today We’ll have one of our loan officers follow up to discuss interest rates and any additional information you need. Choose a Loan Type *RefinanceAcquisition Request a Quote * Required Fields Powered by Arbor Commercial Mortgage, LLC The Best Terms and Fastest Evaluation in the Industry ALEX, powered by the small balance loan experts at Arbor, offers the first ever all agency online multifamily loan application and processing portal. With ALEX, you can take advantage of: Market-leading terms like 1.20x DSCR, 80% LTV and incredibly low interest rates Non-recourse is standard Up to 10-year fixed- and floating-rate financings with 30-year amortization Personalized, one-on-one service with a dedicated loan officer 3 hour loan evaluation — the fastest in industry
[insert_php]if(!empty($GLOBALS[‘utm_source’])) { echo ‘‘; } [/insert_php] Request a Quote Today We’ll have one of our loan officers follow up to discuss interest rates and any additional information you need. Choose a Loan Type *RefinanceAcquisition Request a Quote * Required Fields Powered by Arbor Realty Trust The Best Terms and Fastest Evaluation in the Industry ALEX, powered by the small balance loan experts at Arbor, offers the first ever all agency online multifamily loan application and processing portal. With ALEX, you can take advantage of: Market-leading terms like 1.20x DSCR, 80% LTV and incredibly low interest rates Non-recourse is standard Up to 10-year fixed- and floating-rate financings with 30-year amortization Personalized, one-on-one service with a dedicated loan officer 3 hour loan evaluation — the fastest in industry
Arbor’s nationwide experience and expertise allow us to customize multifamily financing wherever your portfolio takes you.
Santa Monica,
CA
Fannie Mae DUS
|
$5-10M
Layton,
UT
Fannie Mae DUS
|
$10M+
Magna,
UT
Fannie Mae DUS
|
$10M+
Macon,
GA
Freddie Mac SBL
|
$1-5M
GA
Fannie Mae MAH
|
$10M+
Tallahassee,
FL
Freddie Mac SBL
|
$1-5M
Milpitas,
CA
Fannie Mae DUS
|
$10M+
GA
Fannie Mae MAH
|
$10M+
College Park,
GA
Fannie Mae DUS
|
$10M+
