News Flash: Smoking Hot Interest Rates Lead To A Great Summer – Fannie Mae interest rates for multi family units are at an all time low. Now is a great time to considering buying an apartment complex. Big or small we can help you at Pacwest Commercial Real Estate, Inc call us today at 541.912.6583 for a list of available properties.
Steven Wiltshire of Marcus & Millichap Capital Corporation gave us this great information:
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Multi-Family Loan Programs > $3 Million
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Fixed Rate
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Agency Lenders
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Term
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LTV
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Interest Rates
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5 Yr.
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55 to 80%
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3.94% to 4.39%
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7 Yr.
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55 to 80%
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4.43% to 4.88%
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10 Yr.
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55 to 80%
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4.66% to 5.11%
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Portfolio Lenders*
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LTV
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Interest Rates
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55 to 75%
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5.5% to 6.75%
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55 to 75%
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5.75% to 7.25%
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55 to 75%
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6.00% to 7.75%
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*Rates based on fixed rate Act/360 |
Multi-Family Loan Programs < $3 Million
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Fixed Rate
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Agency Lenders
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Term
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LTV
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Interest Rates
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3 Yr.
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55 to 80%
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3.86% to 4.3%
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5 Yr.
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55 to 80%
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4.01% to 4.43%
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7 Yr.
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55 to 80%
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4.50% to 5.92%
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10 Yr.
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55 to 80%
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5.81% to 5.23%
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Portfolio Lenders*
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LTV
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Interest Rates
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55 to 75%
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5.00% to 6.40%
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55 to 75%
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5.50% to 6.75%
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55 to 75%
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5.75% to 7.25%
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55 to 75%
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6.00% to 7.75%
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*Rates based on fixed rate Act/360 |
Commercial Loan Programs
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Fixed Rate
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Portfolio Lenders*
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Term
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LTV
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Interest Rates
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5 Yr.
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55-75%
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6.00% to 6.60%
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7 Yr.
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55-75%
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6.25% to 6.75%
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10 Yr.
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55-75%
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6.25% to 7.30%
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15 Yr.
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55-75%
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Bridge Floating
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LTV
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Spread Over Libor
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Stabilized
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65%
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225 to 300
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Re-Position
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80%
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275 to 350
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Index Rate as of 2-19-10
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3-Year Swap
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1.19%
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5-Year Treasury
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1.73%
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5-Year Swap
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1.94%
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7-Year Treasury
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2.42%
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7-Year Swap
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2.50%
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10-Year Treasury
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3.00%
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10-Year Swap
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3.01%
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30-Day Libor
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0.33%
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Prime
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3.25%
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90-Day Libor
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0.49%
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(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions) |
| Economic Commentary |
.6-18-10 The MSCI World Index of stocks rose for the ninth day, the longest rally in 11 months, and Spanish bonds jumped on speculation that efforts to contain Europe’s debt crisis will succeed. Treasuries fell, while gold climbed to a record high. Oil reversed losses to rebound to more than $77 per barrel. Treasuries headed for a weekly advance on speculation that subdued inflation will persuade the Federal Reserve to keep the benchmark interest rate at a record low, supporting demand for government securities. Rates for Agency Multifamily mortgages dropped more than 15 bps, with 10-year rates being offered below 5.5%. |
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| Recent Transactions |
Multifamily Garden Apts.
Mountain View, CA
$7,218,750
5.45 Fixed
30-yr term / 30-yr amort |
Multifamily Garden Apts.
Canton, OH
$7,169,000
5.60 Fixed
5-yr term / 30-yr amort. |
Walgreens
Philadelphia, PA
$4,600,000
6.25 Fixed
10-yr term / 25-yr amort.. |
Multifamily Mid-Rise
Hawthorne, CA
$2,598,750
5.85 Fixed
30-yr term / 30-yr amort. |
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For more information, contact:
Steven Wiltshire
Associate Director
Portland, OR
Office: (503) 200-2046
License: CA: 01432879
[email protected]
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| Terms, rates and conditions subject to change. |
www.MMCapCorp.com
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
2010 Marcus & Millichap |
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