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Capital Alert - 8/22/2008

This document outlines multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of August 22, 2008. For multi-family loans over $3 million, agency lenders offer terms of 5, 7, 10, and 15 years with maximum leverage of 80% and interest rates ranging from 6.18% to 7.02%. Portfolio lenders offer similar terms with maximum leverage of 75% and slightly lower interest rates. For loans under $3 million, terms and rates are provided. Commercial loan programs from portfolio lenders are also outlined with terms of 5, 7, 10, and 15 years and maximum leverage of 75%. Index rates and a recent economic commentary are included.

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Russell Klusas
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74 views1 page

Capital Alert - 8/22/2008

This document outlines multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of August 22, 2008. For multi-family loans over $3 million, agency lenders offer terms of 5, 7, 10, and 15 years with maximum leverage of 80% and interest rates ranging from 6.18% to 7.02%. Portfolio lenders offer similar terms with maximum leverage of 75% and slightly lower interest rates. For loans under $3 million, terms and rates are provided. Commercial loan programs from portfolio lenders are also outlined with terms of 5, 7, 10, and 15 years and maximum leverage of 75%. Index rates and a recent economic commentary are included.

Uploaded by

Russell Klusas
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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August 22, 2008

Multi-Family Loan Programs > $3 Million


Agency Lenders Portfolio Lenders*
Term Leverage Max. Interest Rates Leverage Max. Interest Rates
5 Yr. 80% 6.18% to 6.33% 75% 6.05% to 6.25%
7 Yr. 80% 6.17% to 6.47% 75% 6.50% to 6.70%
10 Yr. 80% 6.35% to 6.57% 75% 6.65% to 6.90%
15 Yr. 80% 6.73% to 7.02% 75% 6.95% to 7.45%
*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% 6.20% to 6.59% 75% 5.29% to 6.25%
5 Yr. 80% 6.23% to 6.60% 75% 6.05% to 6.35%
7 Yr. 80% 6.30% to 6.60% 75% 6.50% to 6.70%
10 Yr. 80% 6.34% to 6.64% 75% 6.65% to 6.90%
15 Yr. 80% 6.90% to 7.77% 75% 6.95% to 7.45%
*Rates based on Act/360
Commercial Loan Programs
Fixed Rate Portfolio Lenders* Index Rate as of 8/22/08

Term Leverage Max. Interest Rates


3-Year Swap: 3.75% 5-year Treasury: 3.13%
5 Yr. 75% 6.35% to 6.55%
5-Year Swap: 4.12% 7-year Treasury: 3.55%
7 Yr. 75% 6.55% to 6.75%
7-Year Swap: 4.37% 10-Year Treasury: 3.87%
10 Yr. 75% 6.75% to 6.60%
10-Year Swap: 4.59% 30-Day LIBOR: 2.47%
15 Yr. 75% 7.05% to 7.75%
Prime: 5.00% 90-Day LIBOR: 2.81%
Bridge Floating Leverage Max. Spread Over Libor
Stabilized 75% 225 to 300
Re-Position 90% 275 to 350
(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Economic Commentary

8-22-08 Multi-family interest rates declined


slightly during the week with interest rates from
other sources holding steady. The 10-year
U.S. Treasury was up 2 basis points for the
week, closing at a yield of 3.87 percent`. In
spite of inflation running at a 17-year high,
investors speculated that the Fed will not move
soon to increase rates, instead relying on
slower growth to temper inflation.

Recent Transactions
7012-7098 Bandera Rd. Third Street Promenade Burger King 17229 Lemon Street
Retail -Strip Center Retail - Neighborhood STNL Retail - Strip Center
San Antonio, TX Santa Monica, CA Daphne, AL Hesperia, CA
$10,600,000 $10,100,000 $2,010,000 $4,750,000
Adjustable Interest Rate 5.99% Interest Rate LTV: 64%, 310 bps, dscr 1.6 6.73% fixed LTV
310 bps, 1-mos. Libor, dscr 1.3 120-mos. term/120-mos. amort. 7-mos. term/360-mos. amort. LTV - 70%

For more information, contact:


William Hughes
Managing Director / Senior Vice President
Newport Beach, CA
Office: (949) 851-3030
[email protected]

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

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