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    CapAlertPDF 072508

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    Russell Klusas
    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of July 25, 2008. For multi-family loans over $3 million, agency lenders offer leverage up to 80% and interest rates between 6.25-7.42% for terms of 5-15 years. Portfolio lenders offer slightly lower rates and leverage of up to 75%. For loans under $3 million and commercial loans, similar terms are provided. Recent real estate transactions financed include automotive, retail, multi-family, and mixed-use properties with interest rates of 5.94-6.26% and terms of 10-120 months. Contact information is provided for more

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    CapAlertPDF 072508

    Uploaded by

    Russell Klusas
    55 views1 page
    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of July 25, 2008. For multi-family loans over $3 million, agency lenders offer leverage up to 80% and interest rates between 6.25-7.42% for terms of 5-15 years. Portfolio lenders offer slightly lower rates and leverage of up to 75%. For loans under $3 million and commercial loans, similar terms are provided. Recent real estate transactions financed include automotive, retail, multi-family, and mixed-use properties with interest rates of 5.94-6.26% and terms of 10-120 months. Contact information is provided for more

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    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of July 25, 2008. For multi-family loans over $3 million, agency lenders offer leverage up to 80% and interest rates between 6.25-7.42% for terms of 5-15 years. Portfolio lenders offer slightly lower rates and leverage of up to 75%. For loans under $3 million and commercial loans, similar terms are provided. Recent real estate transactions financed include automotive, retail, multi-family, and mixed-use properties with interest rates of 5.94-6.26% and terms of 10-120 months. Contact information is provided for more

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    55 views1 page

    CapAlertPDF 072508

    Uploaded by

    Russell Klusas
    This document provides interest rates and terms for multi-family, commercial, and bridge loan programs from agency and portfolio lenders as of July 25, 2008. For multi-family loans over $3 million, agency lenders offer leverage up to 80% and interest rates between 6.25-7.42% for terms of 5-15 years. Portfolio lenders offer slightly lower rates and leverage of up to 75%. For loans under $3 million and commercial loans, similar terms are provided. Recent real estate transactions financed include automotive, retail, multi-family, and mixed-use properties with interest rates of 5.94-6.26% and terms of 10-120 months. Contact information is provided for more

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    July 25, 2008

    Multi-Family Loan Programs > $3 Million


    Agency Lenders Portfolio Lenders*
    Term Leverage Max. Interest Rates Leverage Max. Interest Rates
    5 Yr. 80% 6.25% to 6.40% 75% 6.05% to 6.25%
    7 Yr. 80% 6.26% to 6.41% 75% 6.40% to 6.65%
    10 Yr. 80% 6.40% to 6.61% 75% 6.55% to 6.85%
    15 Yr. 80% 6.82% to 7.42% 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% 6.19% to 6.58% 75% 5.90% to 6.25%
    5 Yr. 80% 6.17% to 6.55% 75% 6.05% to 6.35%
    7 Yr. 80% 6.19% to 6.49% 75% 6.40% to 6.65%
    10 Yr. 80% 6.33% to 6.63% 75% 6.55% to 6.85%
    15 Yr. 80% 6.89% to 7.80% 75% 6.85% to 7.35%
    *Rates based on Act/360
    Commercial Loan Programs
    Fixed Rate Portfolio Lenders* Index Rate as of 7/25/2008

    Term Leverage Max. Interest Rates


    5-Year Treasury: 3.49% 10-Year Treasury: 4.12%
    5 Yr. 75% 6.25% to 6.55%
    5-Year Swap: 4.34% 10-Year Swap: 4.79%
    7 Yr. 75% 6.45% to 6.65%
    Prime: 5.00% LIBOR: 3.11%
    10 Yr. 75% 6.65% to 6.90%
    15 Yr. 75% 6.95% to 7.45%
    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

    7-25-08 Interest rates rose across the board 6 to 10 basis


    points this week and the U.S. Treasury yield bounced back
    today closing at 4.1 percent as investors reacted positively to
    positive economic news. New home sales dropped less than
    forecast and consumer confidence surprisingly was up during
    the week, increasing speculation that the Fed may increase
    rates later this year. Banks continued to tighten credit
    standards as their loan allocations fill and they have a difficult
    time selling loans.

    Recent Transactions
    Automotive Retail Multi-Family Mixed Use
    STNIL Strip Center Student Housing Multi-Family/Retail
    Montgomery, IL Lee's Summit, MO Tucson, AZ Seattle, WA
    $1,1400,000 $1,698,559 $3,500,000 $2,100,000
    6.26% Interest Rate 6.20% Interest Rate 5.94% Interest Rate 6.18% Interest Rate
    120-mos. Term/360-mos. Amort. 10-mos. Term/360-Amort. 120-mos.Term/360-mos Amort. 360-mos. Term/360-mos. Amort.

    For more information, contact:


    William Hughes
    Senior Vice President/Managing Director
    Newport Beach, CA
    Office: (949) 851-3030
    whughes@marcusmillichap.com

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