Apartment properties show rent increases across all metro segments; while growing steadily in the largest metros, secondary markets are now experiencing higher rent growth in the small asset space.
What Our Clients Are Saying About Us Don’t just take our word, let our customers do the talking! We are proud to kick off a new video series showing how Arbor … copy goes here. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Arbor has an organization where everyone from the top down cares about their clients and providing top customer service. Everyone is goal driven towards finding a solution. I know I will always be taken care of before, during, or after a deal closes. – Evan Goldenberg, Principal, EBEX Holdings Arbor delivers on time and is committed to getting the deal done. They make the process easy for us. I appreciate our relationship and the trust they Read the full article…
Stephen York is a nationwide leading large loan lender with expertise across all agency product types and structured transactions. Together with Arbor, he offers unparalleled experience and service to clients. Through Arbor’s customized product offerings and track record, Stephen ensures speed and certainty of execution, no matter the complexity of the deal or size of the loan.
FREDDIE MAC® Student Housing Value-Add Loan Arbor’s Student Housing product provides attractive terms and competitive prices for the purchase or refinance of properties that, because of construction and location, specifically cater to a student tenant base and may or may not be readily convertible to conventional multifamily housing.
The ongoing inventory consolidation in the multifamily market is resulting in higher quality assets. This is illustrated in the steady annual increases in rents, especially in small apartment properties. Average Rent Levels Across Asset Type The current consolidation in the multifamily market, characterized by steady large building inventory expansion and a slight contraction in small building units, is helping retain better performing assets with higher rents. The above contraction in small building units comes in the backdrop of rising competition between large apartment buildings and single-family homes for Millennial rental demand. As shown below, based on the latest data from the American Community Survey (ACS), the average monthly gross rent (total housing expense) of small apartment property units reached around $1,040 in 20161. This is an increase from $1,000 in the previous year. In comparison, US average monthly gross rent in large building units increased from $1,200 in 2015 to $1,240 in 2016. At the other end of the market, the rent for single-family homes was slightly above that of large buildings. Duplex-quadruplex units were the least expensive rental option Read the full article…
Buoyed by the favorable economic outlook, a robust labor market and higher inflation, small balance multifamily lending in Q1 2018 was $44.5 billion, improving on Q1 2017.
After standing out as one of the stronger performing markets in the country during 2017, Dallas continued its momentum during the first quarter of 2018. Rent growth and investment activity remained strong, while vacancy rates held at historically low levels despite a high volume of new supply added to the market. Rental Market According to data from Reis, the average asking rent in Dallas finished Q1 2018 at $1,141/unit. This figure is up 0.9% since the end of 2017, and has risen in every quarter since year-end 2009. Year-over-year asking rent increased 5.6%, which ranked 15th nationally. Rent for Class A properties increased 5.4% year-over-year, while the Class B/C average rose 4.4%. Reis forecasts overall asking rent to grow 4.7% during 2018 and slow to 1.9% by 2022. We observed previously that Dallas led the nation with 17,200 new multifamily units completed during 2017. Although demand has been strong, it has not quite been able to keep up with the pace of new supply, as absorption totaled only 11,100 units for the year. That trend continued in the first quarter, Read the full article…
At year-end 2017, we took a look at the Los Angeles multifamily market. We noted then that Los Angeles stood as one of the stronger markets nationally, with low vacancy and high investment volume. As we look at results from the first quarter of 2018, market fundamentals remain strong, although signs of weakness continue to be observed.
Arbor’s nationwide experience and expertise allow us to customize multifamily financing wherever your portfolio takes you.
Philadelphia,
PA
Fannie Mae Small Loan
|
$1-5M
Hammond,
LA
Fannie Mae DUS
|
$10M+
Eaton Rapids,
MI
Freddie Mac SBL
|
$1-5M
Tulsa,
OK
Freddie Mac SBL
|
$1-5M
Boston,
MA
Fannie Mae DUS
|
$1-5M
Cincinnati,
OH
Fannie Mae DUS
|
$5-10M
Revere,
MA
Fannie Mae Small Loan
|
$1-5M
Brooklyn,
NY
Fannie Mae Small Loan
|
$1-5M
Jacksonville,
FL
Freddie Mac SBL
|
$1-5M
