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
CMBS
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Loan Amount $5,000,000 – $100,000,000
Loan Term 10 Years, 5 or 7- year term available in select instances
Amortization 25-year amortization for hotels; 30-year amortization for other property types with up to 10 years of interest-only available in select instances
Minimum DSCR 1.25x
Maximum LTV Up to 70%-75% of appraised value depending on property characteristics
Interest Rate Fixed rate throughout term and priced over corresponding swap rate
Eligible Property Types Office, retail, industrial, hospitality, self-storage, mixed-use, manufactured housing communities and multifamily
Eligible Markets All U.S. markets
Eligible Borrower Special-purpose entity required
Reserves Taxes, Insurance and Replacement Reserves typically required
Tenant Improvement and Leasing Commissions typically required for commercial properties
Recourse Non-recourse except industry-standard “bad act” carve-outs
Prepayment Typical 2 to 3-year lockout, defeasance or yield maintenance thereafter
Assumability Permitted subject to lender approval and an assumption fee
Security First-lien mortgage
Expense Deposit $50,000 expense deposit – adequate to cover third-party reports, legal fees and other customary costs.
Origination Fee None
In-place Subordinate Debt May be allowed in accordance with CMBS standards.
Future Subordinate Debt May be allowed in accordance with CMBS standards.
Arbor Commercial Mortgage | arbor.com | 800.ARBOR.10

3/11/13