Ivan Kaufman, Chairman, President & CEO of Arbor Realty Trust Inc., sits down with Steve Johnson, Vice President of the Small Loan Business at Freddie Mac, and Sam Chandan, Silverstein Chair at the NYU SPS Schack Institute of Real Estate to discuss how the needs of the small balance multifamily borrower differ from larger institutional investors. Advertisements Continue reading Who is the Small Multifamily Borrower?
In October 2014, Freddie Mac launched its Small Balance Loan program designed for multifamily investors looking to borrow between $1 and $5 million to acquire or refinance apartment properties with 5 or more units. The loan program proved extremely popular for the multifamily industry and $2.6 billion was funded by December 2015. The non-recourse loans have flexible terms and competitive interest rates. Continue reading Freddie Mac Multifamily Small Balance Loans
Small multifamily loans between $1 and $5 million in size are a growing sector of the apartment lending industry. The small loan market was estimated to represent 65% of multifamily loans and 20% of the overall volume in 2015, according to Chandan Economics. The estimated $44.3 billion small multifamily loan origination volume in 2015 was a four-fold increase over 2009’s $11.1 billion estimated origination volume. … Continue reading Mulifamily Market Fundamentals (part 1)
In our latest video covering the commercial real estate market, we discuss the continued disruptions occurring in foreign markets and the resultant flight to stability, as foreign investors are increasingly looking to place their money within the U.S. market. However, there has been an recent adjustment to this overall trend, as several foreign countries are starting to restrict the money flowing out, plus the currency … Continue reading Commercial Real Estate Market Movements
Let’s face it. We live in a society today in which we need the world at our fingertips. Therefore, we know how important high-speed Internet can be. From emails to our phone, or just downloading a document, Internet is a vital part in our everyday life. In multifamily real estate, we know that one of the most attractive amenities is high-speed Internet access. By reading … Continue reading Need for Speed: Internet Access in Multifamily Properties
Airbnbs have been getting more popular because of their shot-term nature. Airbnbs are responsible for 15 million short-term stays from May to September of 2015. Even though it’s been a popular trend, can Airbnbs be disruptive to the world of hospitably? Even though an Airbnb can be beneficial to not only the property owner and renter, it can be a headache as well. By reading … Continue reading Multifamily Industry Preps for Apartment-Specific Airbnb Platform