Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 08/16/2017
3-Year Swap 1.72% 5-Year Treasury 1.79%
5-Year Swap 1.89% 7-Year Treasury 2.04%
7-Year Swap 2.04% 10-Year Treasury 2.23%
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.

August 10, 2017

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 3.86% to 4.28%
7 Year 55 to 80% 3.86% to 4.28%
10 Year 55 to 80% 4.01% to 4.43%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.00%
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% 3.42% to 3.90%
7 Year 55 to 80% 3.55% to 4.05%
10 Year 55 to 80% 3.80% to 4.28%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.00%
55 to 75% 3.90% to 4.40%
55 to 75% 4.15% to 4.50%
*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% 4.30% to 4.75%
10 Year 55 to 75% 4.50% 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

8-10-2017  Rising geopolitical tensions continued this week, rattling financial markets and stoking demand for safe haven assets. As a result, the 10-year Treasury yield moved down to 2.20% - the lowest level since June 26. Financial advisor PIMCO, in particular, is telling investors to pare U.S. equities and junk bonds in favor of real assets and gold. Real estate assets continue to perform well and may have the advantage as interest rates could see some softening over the next several weeks. Debt and equity sources continue to be quite active as they search for good quality mortgage investments.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Los Angeles, CA
$4,780,000
3.9% Fixed
30-yr term / 30-yr amort.
Office
Allen, TX
$3,700,000
4.529% Fixed
10-yr term / 30-yr amort.
Shopping Strip
Wausau, WI
$2,692,500
4.00% Fixed
5-yr term / 25-yr amort.
STNL
Orlando, FL
$2,400,000
4.65% Fixed
10-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.