Address: 333 Earle Ovington Blvd., Suite 900 Uniondale, NY 11553
States They Lend In: New York
Arbor offers bridge financing for multifamily and commercial properties. The program provides first mortgage financing for properties located in strong markets with excellent sponsorship. Multifamily properties will be underwritten to an agency take-out at maturity. The program is designed to provide the flexibility of a structured loan while offering the ability to eventually lock into the most favorable permanent financing that exists for individual business needs. Arbor Multifamily Bridge Loans offer commercial real estate investors the opportunity to leverage short-term financing benefits without compromising their long-term ROI, making your property’s financial transition seamless.
Loan Amount: $5 million minimum
Loan Term: Generally 1 to 3 years.
Extension: options available.
Amortization: Determined on a case-by-case basis. Typically interest only-payments.
Minimum DSCR: 1.10 “As Is” 1.20 – 1.25 at exit. Lower DSCRs considered if payment supported by pre-funded interest reserves or guarantees
LTV: Up to 80%
LTC: 80% as measured by new cash equity in the transaction
Interest Rate: Floating rate over LIBOR index Spread varies based on risk and terms
Recourse: Standard carve-outs
Eligible Property: Multifamily, office, retail, industrial, hospitality and student housing projects located in strong markets with positive demographic, population and employment trends
Sponsorship: Established track record and verifiable liquidity commensurate with transaction
Security: First mortgage lien on subject property
Tax and Insurance: Escrows Monthly deposits required
Replacement Reserves: Monthly deposits required
Prepayment: Generally permitted
Leverage the Best in Multifamily CMBS Financing with Arbor
Experience Multifamily CMBS lending the Arbor way. Arbor’s CMBS expertise and experience has allowed us to build a loan platform for you with unique agility, flexibility and, above all, personalization that sets it apart as the singular financial foundation you need to realize your greater portfolio goals.
Unique Arbor Multifamily CMBS Advantages
•Personalized Benefits of Working with a True Relationship Lender
•Flexible Options, Including Bridge-to-Permanent CMBS Loans, Mezzanine and Preferred Equity
Loan Amount: $5,000,000 – $250,000,000
Loan Term: 5-10 Years
Amortization: Interest only of up to 10 years in select instances with amortization (if any) typically 30-Years
Minimum DSCR: 1.25x
Maximum LTV: Up to 80% of appraised value
Interest Rate: Competitive, typically swap-based pricing
Eligible Property Types: Multifamily, mobile home park, office, retail, industrial, hotel, self-storage, garage, and other similar property types
Eligible Borrower: Special-purpose entity required
Recourse: Permitted after a typical lock-out period, subject to defeasance. Yield Maintenance available at premium pricing.
Prepayment: Monthly deposits required
Assumability: Permitted subject to lender approval and an assumption fee
Security: First-lien mortgage
Processing Fee & Expense Deposit: Typically, $15,000-$20,000 processing fee. Expense deposit adequate to cover third-party reports, legal fees and other customary costs.
Origination Fee: Typically, none
In-place Subordinate Debt: If provided by Arbor affiliate and structured in accordance with CMBS standards.
Future Subordinate Debt May be allowed in accordance with CMBS standards.
Arbor’s mezzanine ﬁnancing products give owners access to greater proceeds than are available through conventional ﬁnancing. Arbor’s products can be used in conjunction with new or existing mortgage loan ﬁnancing.
Loan Amount: Generally $3,500,000 minimum. No maximum
Loan Term: Generally 1 to 5 years
Amortization: Interest only or ﬁxed principal paydowns
Minimum DSC: 1.10
Maximum LTV: 90%
Interest Rate: Floating rate over LIBOR index or Fixed. Rates vary based on risk profile, business plan, sponsorship, and other terms.
Eligible Property: Nationally located apartments, office, retail, hospitality and industrial. No land development or special use projects.
Required Reports: Appraisal, Property Condition Assessment and Phase I
Prepayment: Generally permitted