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  • Capital Markets - 8/15/2008

    Transféré par

    Russell Klusas
    27 vues2 pages
    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of August 15, 2008. For multi-family loans over $3 million, interest rates for 5, 7, 10, and 15 year terms range from 6.05% to 7.56% depending on the lender and term. Commercial loan rates for 5, 7, 10, and 15 year terms range from 6.25% to 7.45%. Recent real estate transactions financing details are also included.

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    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of August 15, 2008. For multi-family loans over $3 million, interest rates for 5, 7, 10, and 15 year terms range from 6.05% to 7.56% depending on the lender and term. Commercial loan rates for 5, 7, 10, and 15 year terms range from 6.25% to 7.45%. Recent real estate transactions financing details are also included.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    27 vues2 pages

    Capital Markets - 8/15/2008

    Transféré par

    Russell Klusas
    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of August 15, 2008. For multi-family loans over $3 million, interest rates for 5, 7, 10, and 15 year terms range from 6.05% to 7.56% depending on the lender and term. Commercial loan rates for 5, 7, 10, and 15 year terms range from 6.25% to 7.45%. Recent real estate transactions financing details are also included.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 2

    August 15, 2008

    Multi-Family Loan Programs > $3 Million


    Agency Lenders Portfolio Lenders*
    Term Leverage Max. Interest Rates Leverage Max. Interest Rates
    5 Yr. 80% 6.21% to 6.36% 75% 6.05% to 6.25%
    7 Yr. 80% 6.20% to 6.50% 75% 6.40% to 6.65%
    10 Yr. 80% 6.39% to 6.61% 75% 6.55% to 6.85%
    15 Yr. 80% 6.81% to 7.56% 75% 6.85% to 7.35%
    *Rates based on Act/360
    Multi-Family Loan Programs < $3 Million
    Fixed Rate Agency Lenders Portfolio Lenders*
    Term Leverage Max. Interest Rates Leverage Max. Interest Rates
    3 Yr. 80% 6.26% to 6.65% 75% 5.90% to 6.25%
    5 Yr. 80% 6.41% to 6.71% 75% 6.05% to 6.35%
    7 Yr. 80% 6.42% to 6.72% 75% 6.40% to 6.65%
    10 Yr. 80% 6.38% to 6.68% 75% 6.55% to 6.85%
    15 Yr. 80% 6.94% to 7.81% 75% 6.85% to 7.35%
    *Rates based on Act/360
    Commercial Loan Programs
    Fixed Rate Portfolio Lenders* Index Rate as of 8-15-2008

    Term Leverage Max. Interest Rates


    3-Year Swap: 3.72% 5-Year Treasury: 3.10%
    5 Yr. 75% 6.25% to 6.55%
    5-year Swap: 4.10% 7-Year Treasury: 3.49%
    7 Yr. 75% 6.45% to 6.65%
    7-Year Swap: 4.35% 10-Year Treasury: 3.83%
    10 Yr. 75% 6.65% to 6.90%
    10-Year Swap: 4.58% 30-Day Libor: 2.47%
    15 Yr. 75% 6.95% to 7.45%
    Prime: 5.00% 90-Day Libor: 2.81%
    Bridge Floating Leverage Max. Spread Over Libor
    Stabilized 75% 225 to 300
    Re-Position 80% 275 to 350
    (*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
    Economic Commentary
    8-15-08 The 10-year U.S. Treasury rate
    dropped to 3.84 percent from last week’s
    3.92 percent reflecting falling commodity
    prices and reduced concern over inflation.
    Speculation that the Fed will raise interest
    rates later this year slackened amid reports
    of sluggish growth. However, three-, five-
    and seven-year agency mortgage rates
    showed a significant increase of as much as
    30 basis points.

    Recent Transactions
    1242-1246 Third St. 17229 Lemon St. 3598 Martin Luther King Blvd. 1320 W. Kingsley Rd.
    Retail - Neighborhood Retail - Strip Center Industrial/Light Warehouse Multi-Family Garden Apts.
    Santa Monica, CA Hesperia, CA Los Angeles, CA Garland, TX
    $10,100,000 $4,750,000 $2,465,000 $1,100,000
    5.99% Interest rate 6.73% Interest, fixed 7-year term, 240 bps, 1.2 dscr 6.29% Interest
    120-mos. term/120-mos. amort. 70% LTV, Refinance 300-mos. term/300-mos. amort. refinance

    For more information, contact:


    William Hughes
    Senior Vice President / Managing Director
    Newport Beach, CA
    Office: (949) 851-3030
    whughesl@marcusmillichap.com

    Terms, rates and conditions subject to change. www.MMCapCorp.com

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