I got contacted by Arbor's in house recruiter about joining their new SFR product. Anybody here familiar with Arbor's SFR product? I am not too excited by it as I dont think they can match or beat my current pay (CMBS originations & securitization) and it looks like it would be essentially SBL lending? Any feedback/opinions? Thank you.
Trending Content - Real Estate Forum
Career Resources
Arbor is a huge SBL lender. I would avoid that product type/lenders that primarily do SBL as its hard to stay profitable in that line of business. And I would imagine its even harder to stay profitable in SFR.
I would not say SFR is significantly different from multifamily. Remember, the tenants are not on long-term leases so their FICO isn't that relevant because during the 3-5 year term of the loan there very likely will be at least one lease turnover. The long term sustainable cash flow will follow multifamily market dynamics. The one part of underwriting that is different would be the operating costs as single family homes are definitely more costly for R&M on a per unit basis.
Can someone reply to this comment please? App test
Can someone reply to this comment please? App test
Tenetur totam qui libero quibusdam est possimus laborum. Eos molestiae laborum adipisci est voluptates. Deleniti dolor placeat debitis numquam. Laudantium ut libero consequatur nihil. Aut eligendi omnis aperiam dolorem.
Velit rerum praesentium ipsum. Blanditiis aut cupiditate praesentium quis quia quidem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...