Press Releases

Arbor’s Servicer Ratings Affirmed and Positive Outlook Rating Assigned by Fitch

Fitch Ratings Recognizes Arbor’s Commitment to Excellence and Innovation Arbor Realty Trust (NYSE:ABR) NEW YORK, NEW YORK – November 29, 2023: Fitch Ratings has reaffirmed Arbor Multifamily Lending, LLC’s (Arbor) commercial primary and special servicer ratings, further solidifying Arbor’s position as a trusted partner in the multifamily lending industry. Concurrently, they have assigned a Positive Outlook to each rating, reflecting an unwavering commitment to excellence and innovation. Commercial primary servicer rating at ‘CPS2’; Outlook Positive; Commercial special servicer rating at ‘CSS3+’; Outlook Positive. “The assignment of the Positive Outlook reflects Fitch’s 12–24 month view on the trajectory of Arbor’s primary servicer rating, noting that as the new borrower website is fully realized and deployed and turnover within the primary servicing function continues to stabilize, positive rating movement is possible.” – Fitch Ratings Read more from Fitch about the key rating drivers behind this announcement. Direct inquiries to [email protected]. About Arbor Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial Read the full article…

Articles

Video: Special Report Fall 2023 Key Takeaways

In this video, Dr. Sam Chandan, Founding Director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and non-executive chairman of Chandan Economics, details the key takeaways of Arbor’s Special Report Fall 2023, which he co-authored with Ivan Kaufman, Chairman and CEO of Arbor Realty Trust.

Articles

FHFA Loan Caps for 2024: What Multifamily Borrowers Need to Know

The Federal Housing Finance Agency (FHFA) announced a $10 billion rollback of Fannie Mae and Freddie Mac’s volume cap for loan purchases for 2023 to $140 billion ($70 billion for each agency). This move aligns with industry expectations, given the anticipation of continued headwinds for the multifamily in 2024. Next year’s cap for the Government-Sponsored Entities (GSEs) is a reduction of approximately 7% from the $150 billion limit set for 2023 and a return to the level it was in 2021.

Current Reports

Affordable Housing Trends Report Fall 2023

With the cost of living climbing, the need for affordable housing has become more urgent. Although demand continues to outpace available supply, multifamily investment in affordable housing is fortified by Low-Income Housing Tax Credits (LIHTC), Project-Based Section 8, and the Housing Choice Voucher (HCV) programs. Arbor’s Affordable Housing Trends Report Fall 2023, developed in partnership with Chandan Economics, examines the supply-driven programs and policies designed to improve supply at a point in time when federal gridlock has stalled many funding increases.

Analysis

Top U.S. Multifamily Rent Growth Markets — Q3 2023

Multifamily rent growth in the U.S. continued to be distributed throughout a variety of markets, which contrasted with the previous two years when Sun Belt markets dominated the list.

Fannie Mae Sponsor-Dedicated Workforce (SDW) Housing

FANNIE MAE® Workforce Housing Social Impact Financing: Sponsor-Dedicated Workforce Housing (SDW) V103123

Fannie Mae Sponsor-Initiated Affordability (SIA) Workforce Housing

FANNIE MAE® Workforce Housing: Sponsor-Initiated Affordability (SIA) V103123

Current Reports

Small Multifamily Investment Trends Report Q4 2023

Arbor’s Small Multifamily Investment Trends Report Q4 2023, developed in partnership with Chandan Economics, is a snapshot of a strong and resilient subsector continuing to navigate ongoing market dislocation. The report shows that distress has remained limited, even with valuations and measures of risk pricing in flux. As conditions start to stabilize, there are signs that deal activity is picking up.

GENERAL: 800.ARBOR.10 | FINANCING: 833.578.7554 | SERVICING: 877.952.7267

Home | Success Stories | Large Multifamily New Construction: $23.4M FHA 221(d)(4) Loan

Arbor 360º

Success Story: Large Multifamily
New Construction

A panoramic view of how Arbor grows financial partnerships through successful

product executions that deliver results for our clients

Share:

$23.4M FHA 221(d)(4) Loan

192

Units

GA

Kingsland

2021

Year Built

Situation

Multifamily owner-operators with decades of experience in construction, acquisition and management were looking to develop a 192-unit, Class A apartment community in Kingsland, GA. Low vacancy rates and limited new supply in the market made it an opportune time to develop new market-rate housing in the market. The borrowers were looking for FHA financing to construct the property and transition to long-term permanent financing upon completion and stabilization.

Arbor Action

Arbor began the underwriting and loan application process in late 2019, with the expectation that the borrowers’ strong development experience and HUD knowledge would make them a good candidate for FHA financing with a 16-month construction timeline. The unexpected impacts of the pandemic posed challenges and disruption in the market, but the Arbor team worked diligently to ensure the borrowers would receive financing in a timely manner and stay on schedule.

Result

Due to Arbor’s experienced FHA team and the borrowers’ strong application, Arbor successfully secured a $23.4 million FHA 221(d)(4) loan to fund the construction of the property and transition to a 40-year term loan. The loan allowed the borrower to cover development costs and operate the property for stable rental income.