rss
0
By on April 29th, 2012

Multifamily Rate Update

Centerline Capital Group                                                                                                                  April 26, 2012
COMMENTS FROM THE CAPITAL MARKETS DESK The Fed neither disappointed nor surprised the masses yesterday as release of the Fed statement did not modest improvement in the domestic economy, however unemployment still remains a concern, as does the situation in Europe and its potential effects on the Global economy. The market response was muted following the statement release. This morning we are seeing a slight rally in Treasury yields with the 10 year trading in the 1.93% range as domestic investors are looking ahead to tomorrow mornings GDP report for the first quarter 2012, and many are expecting slower growth than initially anticipated. For the time being we seem to have stabilized somewhat on the spread front following the volatility we experienced over the last month.
FANNIE MAE DUS
INDICATIVE
RATES
(as of April 26, 2012)
Loan Size 5-Year 7-Year 10-Year
Under $3 Million 3.65% – 3.85% 3.65% – 4.45% 3.95% – 4.45%
$3-$15 Million 2.80% – 3.40% 3.20% – 3.80% 3.65% – 4.40%
Over $15 Million 2.70% – 3.30% 3.10% – 3.70% 3.45% – 4.20%
The above rate ranges are based on a typical $5 million loan located in a major market and with an experienced sponsor. However, each loan is priced individually; please call us to discuss any loan opportunity you may have.
INDEX
RATES
(as of April 26, 2012)
30 day Libor 0.239%
90 day Libor 0.466%
6 Month Libor 0.728%
5 year Treasury 0.824%
7 year Treasury 1.318%
10 year Treasury 1.933%
30 year Treasury 3.096%
PRODUCTS In addition to Fannie Mae DUS we directly offer Fannie Mae Small loans (under $3 million), FHA/HUD loans and Freddie Mac loans. We also have strong relationships with a variety of other lenders including private bridge lenders, CMBS lenders, Banks, Pension funds and Life Insurance companies and, at your request, can provide your clients access to those capital sources for loans that do not fit an agency execution. Please call us to discuss any multifamily loan opportunities you have so we can assist you to satisfy your clients’ real estate finance needs.
MORTGAGE
BANKING		 Centerline Capital is a Fannie Mae DUS lender, Freddie Mac seller-servicer, and HUD/FHA approved mortgage provider. We have been financing apartment buildings for decades and can provide multifamily financing on loans from $1 million to $100 million+. Our origination staff consists of experts who can quickly evaluate your loan opportunity, understand any “story” and can provide you with assistance in structuring the most effective loan quote to allow you to win the loan opportunity.

Please call us to discuss any multifamily loan opportunities you have so we can assist you in

satisfying your real estate finance needs.

contact Adam Klingher
Mortgage Banking
aklingher@centerline.com
312-906-2519		 Joseph Markech
Mortgage Banking
jmarkech@centerline.com
312-906-2518
Print Friendly

Rate Surveys • Recent Blog Posts , , , , , , , , , , ,

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.