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Capital Markets - 8/15/2008

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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Russell Klusas
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75 views2 pages

Capital Markets - 8/15/2008

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.

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 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
[email protected]

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

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