Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 01/19/2018
3-Year Swap 2.39% 5-Year Treasury 2.45%
5-Year Swap 2.50% 7-Year Treasury 2.57%
7-Year Swap 2.58% 10-Year Treasury 2.64%
10-Year Swap 2.67% Prime * 4.5%
* 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.

January 18, 2018

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.58% to 5.00%
7 Year 55 to 80% 4.45% to 4.87%
10 Year 55 to 80% 4.48% to 4.90%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.75% to 4.10%
55 to 75% 3.95% to 4.40%
55 to 75% 4.00% 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% 4.30% to 4.70%
7 Year 55 to 80% 4.50% to 4.80%
10 Year 55 to 80% 4.80% to 5.00%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.95% to 4.25%
55 to 75% 3.80% to 4.25%
55 to 75% 4.25% to 4.65%
*Rates indicative of national average, Act/360

Commercial Loan Programs

Fixed Rate Portfolio Lenders*
Term LTV Interest Rates
5 Year 55 to 75% 3.95% to 4.50%
7 Year 55 to 75% 4.10% to 4.75%
10 Year 55 to 75% 4.16% to 4.99%
15/15
55 to 75% 4.09% to 5.00%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 425
Re-Position 80% 300 to 500
Economic Commentary

U.S. Treasury yields continue to push higher. The yield on 10-year Treasuries at 2.62% is at its highest level in 10 months. The rise in bond yields comes as investor concerns about inflation mount and the U.S. economy heats up. The pace of demand for safe haven Treasury investments has slowed as the global growth story has increased investor interest in riskier assets.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Costa Mesa, CA
$5,070,000
4.10% Fixed
5-yr term / 30-yr amort.
Shopping Strip
Kissimmee, FL
$2,138,500
4.25% Fixed
7-yr term / 25-yr amort.
Multifamily & Retail
Saratoga Springs, NY
$1,500,000
4.46% Fixed
10-yr term / 30-yr amort.
STNL
Smyrna, GA
$1,430,000
4.69% Fixed
10-yr term / 25-yr amort.

For more information, contact:

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