Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 07/24/2017
3-Year Swap 1.71% 5-Year Treasury 1.83%
5-Year Swap 1.89% 7-Year Treasury 2.07%
7-Year Swap 2.04% 10-Year Treasury 2.26%
10-Year Swap 2.21% Prime * 4.25%
* Prime updated once daily.
Rate Chart

Capital Alert

Get the latest debt market information on terms and rates, including data from Fannie Mae, conduit spreads, Treasury and LIBOR indices, economic commentary and samples of recent transactions closed by Marcus & Millichap Capital Corporation.

July 21, 2017

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.04% to 4.46%
7 Year 55 to 80% 4.05% to 4.47%
10 Year 55 to 80% 4.25% to 4.67%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.20%
55 to 75% 3.95% to 4.20%
55 to 75% 4.15% to 4.50%
*Rates indicative of national average. Act/360

Multifamily Loan Programs < $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.10% to 4.80%
7 Year 55 to 80% 4.30% to 4.70%
10 Year 55 to 80% 4.50% to 4.70%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.15%
55 to 75% 3.90% to 4.40%
55 to 75% 4.15% to 4.80%
*Rates indicative of national average, Act/360

Commercial Loan Programs

Fixed Rate Portfolio Lenders*
Term LTV Interest Rates
5 Year 55 to 75% 4.00% to 4.50%
7 Year 55 to 75% 4.33% to 4.75%
10 Year 55 to 75% 4.53% to 4.99%
15/15
55 to 75% 4.60% to 5.00%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 425
Re-Position 80% 300 to 500
Economic Commentary

7-21-2017  Central banks have dominated European markets, with the Euro, bonds and stocks whipsawing as the ECB held interest rates and President Draghi signaled the bank would address bond purchases in the autumn. U.S. Treasuries held steady while more political turmoil hit the current administration. The 10-year currently at 2.26% seems to be paused awaiting more economic data; is economic growth stalling?

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
STNL
Laredo, TX
$6,843,750
4.17% Fixed
5-yr term / 25-yr amort.
Office
Brookfield, WI
$3,900,000
4.05% Fixed
5-yr term / 25-yr amort.
Multifamily
Sacramento, CA
$3,549,000
3.85% Fixed
10-yr term / 30-yr amort.
Shopping Strip
Chicago, IL
$2,650,000
3.85% Fixed
5-yr term / 25-yr amort.

For more information, contact:

William E. Hughes
Senior Vice President
Newport Beach
(949) 419-3200
William.Hughes@marcusmillichap.com
Richard Katzenstein
Senior Vice President/National Director
Manhattan
(212) 430-5100
Richard.Katzenstein@marcusmillichap.com
Terms, rates and conditions subject to change.