About Chatter

Welcome to Chatter! We’re happy to be your source for multifamily news, research and insight. Bookmark us and be sure to sign up for our weekly newsletter to stay on top of all things financing and investment for the multifamily industry. We also invite you to follow us on Twitter. What is Chatter? So what Read the full article…


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…


Arbor 360º

Success Story: Large Single-Family
Build-to-Rent Development

A panoramic view of how Arbor grows financial partnerships through successful

product executions that deliver results for our clients


$32.1M Single-Family Rental Build-to-Rent Loan




San Antonio


Construction Completed


An experienced developer of luxury single-family rental (SFR) communities had begun construction on a 250-unit luxury build-to-rent (BTR) community in San Antonio, TX, poised to be the largest community of its kind in the metro. To continue construction velocity, the borrower was looking for ground-up construction financing to fund the development, with the goal of refinancing to a permanent agency loan once construction was completed and the property was stabilized. At the time, there were limited financing options in the SFR space. The borrower reached out to Arbor for assistance due to the strong relationship and previous successful projects together.

Arbor Action

Arbor leveraged its multifamily expertise to create a BTR financing product under its Single-Family Rental Portfolio platform – a product not offered by other major multifamily lenders. Arbor worked closely with the borrower to review the construction plan and timeline to confirm the project would be delivered on time and on budget. As part of the loan agreement, Arbor advanced a portion of the loan to fund construction. To draw additional funds, the borrower had to meet certain construction and pre-leasing milestones set by Arbor.


Arbor executed a 24-month construction loan under its Single-Family Rental Portfolio Build-to-Rent program. The financing helped the borrower successfully complete the project and achieve full occupancy. The borrower is now operating and maintaining the property for steady rental income and plans to continue partnering with Arbor on its future SFR projects.