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Marcus and Millichap Debt Market Updates Terms and Rates 2-22-18 SHARE
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Marcus and Millichap Debt Market Updates Terms and Rates 2-22-18

 

Focus Shifts from Fed to Foreign Affairs

 
Treasuries have rallied as investors shifted focus from the Federal Reserve and its commitment to increasing interest rates to the threat of a trade war with China that has the potential to slow global growth. The threat of an escalating trade spat sent investors scurrying to safe-haven assets and caused the 10-year Treasury yield to fall back toward 2.8%. Investors are on edge a day after the Fed sought to reassure markets that it’s in no hurry to raise rates even as it announced stronger growth projections for the world’s largest economy.  
 

Index Rate

3-Year Swap2.77%
5-Year Swap2.86%
7-Year Swap2.81%
10-Year Swap2.86%
5-Year Treasury2.63%
7-Year Treasury2.76%
10-Year Treasury2.83%
Prime4.5%
 

*Prime Updated Once Daily

Multifamily Loan Programs Greater Than $5 Million

Fixed RateAgency LendersPortfolio Lenders*
TermLTVInterest Rates LTVInterest Rates
5 Yr.55 to 80%4.86% to 5.28%55 to 75%4.00% to 4.35%
7 Yr.55 to 80%4.70% to 5.12%55 to 75%4.25% to 4.50%
10 Yr.55 to 80%4.72% to 5.14%55 to 75%4.40% to 4.75%

*Rates indicative of national average, Act/360

Multifamily Loan Programs Less Than $5 Million

Fixed RateAgency LendersPortfolio Lenders*
TermLTVInterest Rates LTVInterest Rates
5 Yr.55 to 80%4.55% to 4.95%55 to 75%4.00% to 4.25%
7 Yr.55 to 80%4.75% to 5.05%55 to 75%4.25% to 4.60%
10 Yr.55 to 80%5.05% to 5.25%55 to 75%4.45% to 4.90%

*Rates indicative of national average, Act/360

Commercial Loan Programs

Fixed RatePortfolio Lenders*
TermLTVInterest Rates
5 Yr.55 to 75%4.25% to 4.75%
7 Yr.55 to 75%4.40% to 4.85%
10 Yr.55 to 75%4.65% to 5.00%
15/1555 to 75%4.60% to 4.95%

Bridge Financing

Bridge FloatingLTVSpread Over Libor
Stabilized65%250 to 425
Re-Position80%300 to 500

*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions

 
 
Recent Transactions
 
 
Multifamily
Torrance, CA
$4,240,000
3.70% Fixed
30-yr term / 30-yr amort.
Medical Office
Oklahoma City, OK
$3,795,000
4.25% Fixed for 7 yrs
10-yr term / 30-yr amort.
STNL
Cincinnati, OH
$1,500,000
4.52% Fixed
10-yr term / 25-yr amort.
Shopping Strip
New York, NY
$1,000,000
4.50% Fixed
5-yr term / 30-yr amort.

Contact us about Financing your next Commercial Real Estate Purchase
or Refinance of existing Debt

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