How Multifamily Property Renovations Add Value and Marketability

The ideal time to renovate is when the rental market is strong. With high occupancy rates, borrowers are more likely to quickly realize returns on their multifamily property renovations through higher rents. However, renovating during a market downturn, when rents are often cheaper, inventory is higher, and materials are more affordable, is also a sound strategy.

Current Reports

Single-Family Rental Investment Trends Report Q2 2024

Quarter after quarter, the single-family rental (SFR) sector reaches new heights. From new construction to cap rates, Arbor’s Single-Family Rental Investment Trends Report Q2 2024, developed in partnership with Chandan Economics, details how the sector’s healthy fundamentals create profound optimism in its long-term prospects.


Arbor Sponsors Smile Farms Golf Outing Supporting Local Employment Opportunities

Arbor, which takes pride in helping employees reach their full potential, was honored to sponsor and participate in Smile Farms’ 10th Anniversary Golf Outing on May 20 at the Plandome Country Club on Long Island, NY, benefiting the Long Island-based organization dedicated to advancing opportunities for people with disabilities.


New York State’s 2025 Budget Advances Affordable Housing Goals

In April, New York State Governor Kathy Hochul announced a landmark budget agreement heralded as a giant step for affordable housing. New York’s FY 2025 Enacted Budget includes several key policy changes that could create thousands of affordable housing units across the state.


SFR East 2024: How Economics and Demographics Shape the Rental Market

IMN’s Single Family Rental Forum (East), the cornerstone gathering of the SFR industry, concluded on May 22, 2024, in Miami, FL. Over three days, 1,800 attendees listened to more than 280 speakers discuss all angles of the SFR industry. On the first day of the conference, Arbor’s Tres Seippel, Director, Construction Management, participated in a wide-ranging panel discussion examining economic and demographic forces influencing SFR and build-to-rent (BTR), which also featured Rick Dalton, President of the Dalton Group, Domonic Purviance of the Federal Reserve Bank of Atlanta, Wade McGuinn, CEO of McGuinn Hybrid Homes, and Heather Williams, VP at Willow Bridge Property Company.


Affordable Housing Market Snapshot — May 2024

As housing costs spiral, rental affordability has become a more urgent issue, burdening a greater number of Americans. With more funding on the way, policymakers and private market advocates are pressing ahead with plans to add units to an increasingly tight housing market.

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Success Story: Large Multifamily
New Construction

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






Year Built


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.


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.