Arbor’s SFR Portfolio Program
Arbor is expanding its financing options for investors in the Single-Family Rental marketplace.*
|Eligible Property Types||Single-family homes, townhomes, rowhomes, condos, and 2-20 unit multifamily properties; minimum of five units (in the same locale) per loan.|
|Eligible Borrowers||Borrower must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC.|
|Loan Term||5-, 7-, and 10-year fixed-rate terms available.|
|Minimum Loan Amount||$1,000,000|
|Maximum LTV||75% (30-year amort.); 65% (full term interest-only)|
|Occupancy Requirements||90% occupied at rate lock.
No units should be owner occupied.
|Leases||Minimum 12-month leases.|
|Cash Management||Required for loans above $5MM.|
|Recourse/Non-Recourse||Loans above $5MM are non-recourse; loans $5MM and below can be recourse or non-recourse.|
|Prepayments/Asset Releases||Prepayments/asset releases are subject to either yield maintenance or a step-down prepayment penalty structure.|
|Pricing||Based upon DSCR and LTV.|
*All final terms are subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package.