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Interest Rates

Market Rates

Key Rate Indices as of February 26, 2009*

Prime Rate

3.25%

11th District

2.76%

5-year U.S. T-Bills

2.08%

10-year U.S. T-Bills

3.00%

30-year U.S. T-Bills

3.68%

12-MAT

1.63%

1 Year CMT

0.71%

LIBOR - 3 month.

1.26%

LIBOR - 6 month.

1.66%

LIBOR - 1 year

2.11%

*Rates as of February 26, 2009. Please contact an Account Executive for current rates.


Fannie Mae Multi-Family Rates

Fixed Rate*

Tier 2++ (80% LTV)

6.13%

Tier 3++ (65% LTV)

5.99%

Tier 4++ (55% LTV)

5.83%

Adjustable Rate Mortgage*

Tier 2+ (77.5% LTV)

4.35%

Tier 3+ (65% LTV)

4.17%

Tier 4+ (55% LTV)

3.97%

*Rates as of January 12, 2009. Please contact an Account Executive for current rates.


Fixed Rate Pricing, Lowest Rate for Conduits and Life Companies

Property
Type
Min. DSCR
Max. LTV
Typical Spread
Typical
Rate
Loan
Terms
(yrs)
Amort. (yrs)
Min.-Max.
Min. - Max.
Apartments 1.25 80% 1.95-2.10 4.95%-5.10% 10
30
Student Housing 1.25 80% 2.45- 2.60 5.45%-5.60% 10
30
Mobile Home Park 1.25 80% 2.02- 2.17 5.02%-5.17% 10
30
Anchored Retail 1.25 80% 2.02-2.17 5.02%-5.17% 10
30
Shadow Retail 1.25 80% 2.02-2.17 5.02%-5.17% 10
30
Unanchored Retail 1.25 75% 2.02-2.17 5.02%-5.17% 10
30
Industrial 1.25 80% 2.02-2.17 5.02%-5.17% 10
30
Self-Storage 1.30 75% 2.05-2.20 5.05%-5.20% 10
30
Office 1.25 80% 2.02-2.17 5.02%-5.17% 10
30
Hotels 1.40 75% 2.10-2.25 5.10%-5.25% 10
25
Medical Office 1.25 80% 2.02-2.17 5.02%-5.17% 10
30

Rates as of February 26, 2009. Please contact an Account Executive for current rates.

Typical spreads are over comparable Treasury rates, and are subject to change without notice.


Credit Tenant Pricing

Full Leverage*

Minimum DCR

1.015%

Maximum LTV

100%

Interest Rates

4.46%

Lowest Rate*

Minimum DCR

1.30%

Maximum LTV

65%

Interest Rates

3.36% - 3.96%

*Rates as of January 9, 2009. Please contact an Account Executive for current rates.

 

Non Conduit Multi-family Loans
Apartments – Loan Size: $2,000,000 - $25,000,000
Adjustable Rate Loan Programs
PROGRAM
INDEX
INDEX
RATE
ADJUSTABLE
MARGIN
ADJUSTABLE RATE
6 Month Adjustable
12 MTA
4.08%
2.35%
6.43%
6 Month Adjustable
6 Month LIBOR
2.89%
1.95%
4.84%
Fixed Rate Loan Programs
PROGRAM
INDEX
INDEX
RATE
FIXED RATE
MARGIN*
90-DAY RATE**
3 Year Fixed
3 Yr Treasury CMT
5.60%
5 Year Fixed
5 Yr Treasury CMT
5.90%
7 Year Fixed
7 Yr Treasury CMT
6.20%
10 Year Fixed
10 Yr Treasury CMT
6.50%
15 Year Fixed
10 Yr Treasury CMT
6.50%
* Margins and rates as shown are at Par; may be increased based on overall loan quality.
Amortization Term:  Up to 30 years
Loan Term: Up to 15 years
Loan To Value: Up to 80% maximum on some commercial transaction
Debt Service Coverage: 1.20:1 on some loan programs
Recourse: non recourse available at 50% LTV
Impounds: Taxes Only
Processing Fee: $2500
Legal Costs: none
Prepayment Fee: Declining Method
Rate Lock: Available

Program Options:

  • ARM to Fixed Rate Conversion Option Available
  • Rate Lock Available on fixed rate programs.
    Loan Minimum $2,000,000

Rates as of March 6, 2008

 

Non Conduit Commercial Real Estate Loans
Office Buildings, Retail Center, R&D & Industrial– Loan Size: $2,000,000 - $25,000,000
Adjustable Rate Loan Programs
PROGRAM
INDEX
INDEX
RATE
ADJUSTABLE MARGIN
ADJUSTABLE RATE
6 Month Adjustable
12 MTA
4.08%
3.15%
7.23%
6 Month Adjustable
6 Month LIBOR
2.89%
2.75%
5.64%
Fixed Rate Loan Programs
PROGRAM
INDEX
INDEX
RATE
FIXED RATE
MARGIN*
90-DAY RATE**
3 Year Fixed
3 Yr Treasury CMT
6.40%
5 Year Fixed
5 Yr Treasury CMT
6.70%
7 Year Fixed
7 Yr Treasury CMT
7.00%
10 Year Fixed
10 Yr Treasury CMT
7.30%
Pricing Note:  Margins and rates as shown are at Par; may be increased based on overall loan quality.
Amortization Term:  Up to 30 years
Loan Term: Up to 10 years
Loan To Value: Up to 75% maximum on some commercial transaction
Debt Service Coverage: 1.25:1 on some loan programs
Recourse: non recourse available at 50% LTV
Impounds: Taxes Only
Processing Fee: $2500
Legal Costs: none
Prepayment Fee: Declining Method
Rate Lock: Available

Program Options:

  • ARM to Fixed Rate Conversion Option Available
  • Loan minimum $2,000,000
Rates as of March 6, 2008

 

Interest Rate Links

The following are the best links for interest rate resources used in the Commercial Real Estate Financing industry.

income property loan programs
hard money loans
land financing programs
capital structures programs
credit tenant financing programs
mortgage purchase programs
     

 


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