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Small Loan Program

Arbor’s Small Loan product streamlines the entire loan process for multifamily acquisition and refinancing loans ranging from $1 million to $3 million ($5 million in major MSAs). Program benefits include reduced documentation requirements, streamlined report formats and flexible legal/closing requirements.

Loan Amount $1,000,000 minimum
Loan Term Up to 30 Years
Amortization Up to 30 Years
Minimum DSC 1.25
Maximum LTV 7-year term or greater, 80%. If cash-out, 75%. 5 years, 75%. If cash-out, 70%.
Rate Structure Fixed and adjustable rate options available
Adjustable Rate Available. Priced off the one-month or three-month LIBOR. Convertible and nonconvertible options available.
Eligible Property Multifamily, minimum five units
Eligible Borrower Individuals, co-tenants and non-single asset entities acceptable. Must be US Citizens. No Entity Key Principals are permitted.
Occupancy Requirements 90% physical occupancy
Tax and Insurance Escrows Monthly deposits required.
Replacement Reserve Underwritten at a minimum $250 per unit per annum.
Recourse Non-recourse available in certain markets
Commercial Space Maximum 35% of net rentable area and maximum 20% of effective gross income
Prepayment Yield Maintenance.
Required Reports Appraisal, Reduced Physical Needs Assessment and Environmental Screen
Supplemental Loans Pricing Eligible for secondary financing after12 months Tiered Pricing Matrix. More favorable terms available for higher DSC and lower LTV.
Rate Lock Standard 10-day rate lock period. Extended rate lock options available.
Application Deposit $10,000. Covers underwriting costs (including processing fee and site inspection).
Processing Fee Not allowed without written approval
Origination Fee Minimum 1%. Par pricing available
Good Faith Deposit 2% of loan amount 1% of loan amount for certain transactions of $3 million or less with commitment periods of 45 days or less


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