August 15, 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 6.21% to 6.36% 6.20% to 6.50% 6.39% to 6.61% 6.81% to 7.56%
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 6.26% to 6.65% 6.41% to 6.71% 6.42% to 6.72% 6.38% to 6.68% 6.94% to 7.81%
Interest Rates 6.05% to 6.25% 6.40% to 6.65% 6.55% to 6.85% 6.85% to 7.35%
Portfolio Lenders*
Leverage Max. 75% 75% 75% 75% 75%
Interest Rates 5.90% to 6.25% 6.05% to 6.35% 6.40% to 6.65% 6.55% to 6.85% 6.85% to 7.35%
Commercial Loan Programs Fixed Rate
Index Rate as of 8-15-2008
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 6.65% 7-Year Swap: 10 Yr. 75% 6.65% to 6.90% 10-Year Swap: 15 Yr. 75% 6.95% to 7.45% Prime: 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)
3.72% 4.10% 4.35% 4.58% 5.00%
5-Year Treasury: 7-Year Treasury: 10-Year Treasury: 30-Day Libor: 90-Day Libor:
3.10% 3.49% 3.83% 2.47% 2.81%
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-, fiveand seven-year agency mortgage rates showed a significant increase of as much as 30 basis points. Recent Transactions 1242-1246 Third St. Retail - Neighborhood Santa Monica, CA $10,100,000 5.99% Interest rate 120-mos. term/120-mos. amort.
17229 Lemon St. Retail - Strip Center Hesperia, CA $4,750,000 6.73% Interest, fixed 70% LTV, Refinance
3598 Martin Luther King Blvd. Industrial/Light Warehouse Los Angeles, CA $2,465,000 7-year term, 240 bps, 1.2 dscr 300-mos. term/300-mos. amort.
1320 W. Kingsley Rd. Multi-Family Garden Apts. Garland, TX $1,100,000 6.29% Interest 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