HOW DO MULTIFAMILY RENTERSGET TO WORK?

Small balance multifamily loans are typically between $1 million and $5 million. Chandan Economics

defines small-cap properties as 5 to 19 units, mid-cap properties as 20 to 50 units, and large-cap properties

as larger than 50 units. Both small-cap and mid-cap properties can fall into the small balance spectrum.

Source: American Community Survey; Chandan Economics

See the full report on ALEX Chatter here: www.arborloanexpress.com/chatter

Renters in small buildings, being relatively more suburban, have higher rates of car use.

Large assets are more urban, where public transportation and walkability are more popular.

77% share of workers living in small buildings drove to work compared to only 62% in large asset buildings.

78% of all small asset households owned at least one car compared to 60% for large buildings.

Vehicle Ownership

0%

15%

30%

45%

60%

0 Vehicles

1 Vehicle

2 Vehicles

3 or more Vehicles

Small Assets(5-49 units)

Large Assets(50+ units)

Means of Transportation to Work

0%

25%

50%

75%

100%

Car, Truck or Van

Public Transport

Walked Other PersonalMeans

Work at Home

Taxicab

Small Assets(5-49 units)

Large Assets(50+ units)