Articles

Seven Facts About FHA Multifamily Loans

The Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD), is one of the largest mortgage insurers in the world. The agency insures mortgages on affordable housing, multifamily properties, single-family homes, and healthcare facilities. Since 1934,  FHA has financed over 50,000 multifamily mortgages nationwide. Whether you’re interested in acquiring, refinancing, or rehabilitating an affordable housing property, FHA multifamily loans are a financing route you need to know about.

FHA 232/223(f)

FHA® 232/223(f): Healthcare Refinance, Acquisition or Mod Rehab  

Articles

Top States for Population Growth

Despite a national slowdown, population growth remained concentrated in a small group of states in 2025, where strong net domestic migration inflows, economic opportunity, and in some cases elevated birth rates drove the annual increases. Overall, 14 states had an annual population growth rate above 0.75%, while 12 states had less than 0.1%, according to a Chandan Economics analysis of the U.S. Census Bureau’s 2024 American Community Survey.

Articles

Arbor’s Build-to-Rent Financing: 10 Reasons to Choose a Premier Lender

Build-to-rent (BTR), a compelling solution to the U.S. housing market’s evolving needs, is experiencing record growth. BTR accounted for 8% of all single-family rental (SFR) construction starts in the 12 months that ended in the first quarter of 2024, according to Arbor’s Single-Family Rental Investment Trends Report Q2 2024. As the need for quality rental units remains high, borrowers have much to gain from partnering with an experienced lender who specializes in build-to-rent financing.

Articles

Nearly All Metros Post Positive Rent Gains

National rent growth in the single-family rental (SFR) sector remained strong and consistent in 2025 as market-level pricing momentum was broad-based and robust, according to an analysis of newly released data from the Zillow Observed Rent Index. Year-end annual rent gains averaged 2.9%, down from 4.1% in 2024, marking the most modest increase since 2015. But even as the intensity of SFR rent growth abated last year, its reach was extensive, with 98 of the 100 largest markets posting year-over-year gains.

Current Reports

Small Multifamily Investment Trends Report Q1 2026

Arbor Realty Trust’s Small Multifamily Investment Trends Report Q1 2026, developed in partnership with Chandan Economics, shows that lending activity in the sector increased for the second consecutive year amid a sharp increase in refinancings. Even with persistently high interest rates and rigorous underwriting standards, small multifamily entered the first quarter on steady footing.

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$18.4M Freddie Mac Permanent Loan to Refinance a BTR Portfolio

54

Units

TN

Knoxville

2022

Year Built

Situation

Haven Realty Capital needed end-to-end financing for a 54-unit built-to-rent (BTR) community in Knoxville, TN. The property was unique in that its individually parceled homes did not have the types of amenities, such as a pool, gym, or clubhouse, commonly found in multifamily real estate. Haven Realty Capital was looking for an innovative and experienced lending partner who could develop a creative solution to secure permanent funding through a Government Sponsored Enterprise (GSE).

Arbor Action

On behalf of the borrower, Arbor engaged in extensive conversations with Freddie Mac to develop an out-of-the-box solution to refinance this dedicated rental community with permanent financing. Our team had the pleasure of accompanying several senior representatives of Freddie Mac to Knoxville on a full-day tour of the property. We were delighted to see them determine that this community was a good fit for Freddie Mac multifamily financing because many of its features, including two-car garages, upscale interior design, and premium rental packages, would help attract and retain tenants.

Result

Arbor was uniquely positioned to handle the complexities of this type of BTR transaction from start to finish. Our team was instrumental in helping Freddie Mac understand that this asset was consistent with traditional multifamily deals because it has the potential to attract quality, long-term tenants with wide-ranging amenities. Arbor created a new financing structure that allowed our borrower to purchase and lease up this community of two-story, four-bedroom, paving the way for similarly unique deals in the future. Over the years, Arbor has become one of Haven Realty Capital’s lenders of choice.