Capital Alert - 9/5/2008

  • Uploaded by: Russell Klusas
  • 0
  • 0
  • October 2019
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Overview

Download & View Capital Alert - 9/5/2008 as PDF for free.

More details

  • Words: 392
  • Pages: 1
September 5, 2008 Multi-Family Loan Programs > $3 Million Agency Lenders Term 5 Yr. 7 Yr. 10 Yr. 15 Yr. *Rates based on Act/360 Fixed Rate Term 3 Yr. 5 Yr. 7 Yr. 10 Yr. 15 Yr. *Rates based on Act/360

Leverage Max. 80% 80% 80% 80%

Interest Rates 5.94% to 6.09% 5.93% to 6.24% 6.13% to 6.35% 6.51% to 6.80%

Portfolio Lenders*

Leverage Max. 75% 75% 75% 75%

Multi-Family Loan Programs < $3 Million Agency Lenders Leverage Max. 80% 80% 80% 80% 80%

Interest Rates 6.14% to 6.53% 6.17% to 6.47% 6.07% to 6.37% 6.12% to 6.42% 6.68% to 7.55%

Interest Rates 6.05% to 6.25% 6.50% to 6.70% 6.65% to 6.90% 6.95% to 7.45%

Portfolio Lenders*

Leverage Max. 75% 75% 75% 75% 75%

Interest Rates 5.90% to 6.25% 6.05% to 6.35% 6.50% to 6.70% 6.65% to 6.90% 6.95% to 7.45%

Commercial Loan Programs Fixed Rate

Index Rate as of 9-5-08

Portfolio Lenders*

Term Leverage Max. Interest Rates 3-Year Swap: 5 Yr. 75% 6.25% to 6.55% 5-Year Swap: 7 Yr. 75% 6.45% to 6.75% 7-Year Swap: 10 Yr. 75% 6.63% to 7.00% 10-Year Swap: 15 Yr. 75% 7.05% to 7.75% Prime: 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)

3.55% 3.91% 4.15% 4.37% 5.00%

5-year Treasury: 7-Year Treasury: 10-Year Treasury: 30-Day LIBOR: 90-Day LIBOR:

2.97% 3.35% 3.68% 2.49% 2.81%

Economic Commentary

9-5-08 While mortgage rates remained somewhat steady this week, 10-year U.S. Treasuries dropped to a four-month low of 3.55 percent before rebounding to 3.65 percent. This on the news that the U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five-year high of 6.1 percent. This weakening in the labor market fuels the belief that the Federal Reserve will delay any interest rate increases until next year.

Recent Transactions AJA Video Office - Class A Grass Valley, CA $6,800,000 1-mos. Libor + 225 bps 18-mos. Term/360-mos. Amort.

Walgreen's STNL DeForest, WI $2,500,000 6.5% Fixed Rate 84-mos. Term/360-mos. Amort.

RiverQuick Apts. Multi-Family Garden Apts. Yardley, PA $2,265,000 6.39% Fixed Rate 120-mos. Term/360-mos. Amort

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

Tennis Court Multi-Family Mid Rise Palm Springs, CA $2,725,000 5.9% Fixed Rate 36-mos. Term/360-mos. Amort.

Related Documents

Capital Alert - 8/22/2008
October 2019 15
Capital Alert - 8/29/2008
October 2019 16
Capital Alert - 9/5/2008
October 2019 15
Alert
May 2020 24
Vikatan Alert
June 2020 12
Alert Manager
July 2020 20

More Documents from ""