As more single-family rental (SFR) operators rely on build-to-rent (BTR) development to supply new inventory, construction starts have steadily risen, reaching another record high in the third quarter of 2024. SFR/BTR construction has eclipsed 92,000 units in the last four quarters — an all-time high and an annual increase of 31.4%.
Arbor 360º
Success Story: Large Multifamily Acquisition
A panoramic view of how Arbor grows financial partnerships through successful
product executions that deliver results for our clients
$32.3M Freddie Mac Conventional Fixed-Rate Loan
196
Units
VA
Virginia Beach
2013
Year Built
Situation
An experienced value-add multifamily owner was looking for financing to acquire a large multifamily property in Virginia Beach, Va. The property is unique in that it’s located near a naval base, and as a result, it has a concentration of tenants in the military. The situation was more complex due to the deal’s borrower structure, which included multiple investors. As the borrower had a previous business relationship with Arbor and the sales broker, the borrower felt comfortable with Arbor’s ability to not only guide them to the right financing for their needs but also provide them with the certainty of execution to deliver.
Arbor Action
As a result of Arbor’s strong internal collaboration between its underwriting and originations departments, as well as its strong partnership with Freddie Mac, the deal was able to be financed with competitive terms and on time.
Result
Arbor was able to execute a 10-year, $32.3 million fixed-rate loan under the Freddie Mac Conventional loan program. Despite the complexity of the deal, Arbor was able to secure the best financing possible for the borrower’s business goals while providing the borrower with peace of mind that the transaction would successfully close.