ARBOR’s Single-Family Rental (SFR) Floating-Rate Term Financing
Arbor offers permanent financing solutions for long-term stabilized rental income.*
| ELIGIBLE PROPERTY TYPES | Portfolios (minimum of 5 units per loan) of:
|
| ELIGIBLE LOCATIONS | All states, except for Nevada |
| ELIGIBLE BORROWER | Must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC |
| LOAN TERM | 3-, 4-, and 5-year |
| MINIMUM LOAN AMOUNT | $5M |
| INTEREST RATE | Floating |
| MAXIMUM LTV | 75% (30-year amortizing); 70% (full-term, interest-only) |
| OCCUPANCY REQUIREMENT | Options available for fully and partially stabilized portfolios |
| LEASES | Minimum 12-month leases |
| CASH MANAGEMENT | Required for loans above $15M |
| PREPAYMENTS/ASSET RELEASES | Subject to step-down prepayment penalty: 5% in first year, 1% for remaining term (no penalty in final six months) |
| RECOURSE | Non-recourse |
| SPONSORSHIP | Established track record and appropriate net worth and liquidity commensurate with transaction |
| PRICING | Based upon loan and property specifics |
*All final terms subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package.
V060322