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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 (SFR) Floating-Rate Term Financing

Arbor offers permanent financing solutions for long-term stabilized rental income.*

ELIGIBLE PROPERTY TYPES Single-family homes, townhomes, row homes, condos, and 2- to 20-unit multifamily properties; minimum five units per loan, no owner-occupied units
ELIGIBLE LOCATIONS All 50 states
ELIGIBLE BORROWER Must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC
LOAN TERM 3-, 4- and 5-year terms available
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 Nonrecourse
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

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