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Welcome to Chatter! We’re happy to be your source for multifamily news, research and insight. Bookmark us and be sure to sign up for our weekly newsletter to stay on top of all things financing and investment for the multifamily industry. We also invite you to follow us on Twitter. What is Chatter? So what Read the full article…

Research

How Big is Small Cap Multifamily?

A closer look at the multifamily housing inventory in the United States and the size of the small cap investment opportunity.

Around the Web

Multifamily Forecast: Investors Moving to Secondary Markets

The apartment sector has remained the darling of the commercial real estate for the past six years. This doesn’t appear to be changing anytime soon, as 2016 is expected to set a new record for multifamily mortgage origination volume. While multifamily’s position as top dog remains uncontested, savvy investors are altering their strategy for sourcing Read the full article…

GENERAL: 800.ARBOR.10

ARBOR’s Single-Family Rental Program

Arbor is expanding financing options for investors in the Single Family Rentals 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)
Minimum DSCR 1.20x
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.

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