Arbor Realty Trust Inc

arborPhone:  516.506.4200

Address: 333 Earle Ovington Blvd., Suite 900 Uniondale, NY 11553

Website: http://www.arbor.com/

States They Lend In: New York

 

Loan Services:

 

Bridge Loans

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

Recourse: Non-recourse

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
•Maximized Leverage
•Rapid Execution
•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.

Mezzanine

 

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

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