Married households and families are well-represented in small property apartments. Reflecting that skew to larger households, smaller properties account for a relatively smaller share of single renters when compared to large buildings. How Many Single Renters in Small and Large Properties? https://docs.google.com/spreadsheets/d/1xprlKBpox0GqVOfRgqeMq-QPTPBkJWmC15Gi_fGGsxk/pubchart?oid=1951124936&format=interactive As shown in the chart above, about 45 percent of all units in small properties are rented by individuals living alone, split equally … Continue reading Not the Bachelor Pad: Age and Income Profiles of Single Renters in Small Apartment Properties
Rent concessions are making a comeback in some of the nation’s top apartment markets as new multifamily developments enter their lease-up phase. In slower markets, concessions are part of everyday life for property managers. This data-driven article explores the types of rent concessions, the pros and cons of the discounts, the relationship between concessions and other market fundamentals, and when you’ll have to offer concessions to remain competitive. What … Continue reading Rent Concessions: What Multifamily Investors Need to Know
Seniors are an increasingly important multifamily renter cohort, especially for smaller properties. Some retirees are choosing to downsize and rent for lifestyle reasons. Other seniors are working — and renting — longer. How Big is the Seniors Renter Market? Seniors — including people 65 years of age and over — are 14.5 percent of the population. Their share is growing as the Baby Boom generation … Continue reading Are America’s Seniors the Next Wave of Apartment Demand?
Listen as host Sam Chandan speaks with Arbor’s own Ivan Kaufman and Freddie Mac’s Steve Johnson about the growing success and financial benefits of the multifamily small balance loan market and how investors can take advantage. Hear from the small loan market’s leading experts as they provide exclusive insight on this highly impactful market sector. Listen to full show here. Continue reading The State of Multifamily Lending in 2017
As we closeout 2016, it is important for multifamily investors to look towards 2017 and the overall housing market forecast. This post examines how multifamily development fits into the overall residential construction market. While all signs are pointing to a strong year for apartment deliveries in 2017, the pipeline is heavily weighted towards highly amenitized properties in the urban core. This presents an opportunity to … Continue reading Q3 2016: Multifamily Construction on the Rise
Ivan Kaufman, Chairman & CEO of Arbor, sits down with Adam Kaufman, Managing Director of ArborCrowd, for a discussion on where the multifamily market stands, and where it is headed. Continue reading Where Do We Stand in the Multifamily Cycle?
The ‘Small Loans, Large Growth’ webinar was wrapped up with an opportunity for the audience to ask the panel questions about the program. Listen for responses to the following questions: What are the net worth requirements for Freddie Mac Multifamily’s SBL Program? What are the experience requirements? How does the size of a market impact terms and pricing? Continue reading Audience Q&A
While Arbor has executed small multifamily loans in nearly every state, certain markets like New York, California, Texas, Florida and North Carolina see strong product demand. Small balance borrowers are non-institutional individuals that tend to be more geographically focused in secondary and tertiary markets. Continue reading Top SBL Markets
Surging apartment demand can be attributed to several demographic and economic trends. The U.S. homeownership rate continues to drop in the wake of the foreclosure crisis. In July 2016 the homeownership rate hit 62.9% — its lowest point since 1965 according to Census Data. ‘Rentership’ has increased, with over 36% of the population now calling a rental unit home. Stagnant wages and student loan debt … Continue reading Multifamily Market Fundaments (Part 2)
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