Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 11:00 AM ET 09/21/2017
3-Year Swap 1.74% 5-Year Treasury 1.89%
5-Year Swap 1.90% 7-Year Treasury 2.12%
7-Year Swap 2.08% 10-Year Treasury 2.28%
10-Year Swap 2.22% 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.

September 14, 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% 3.99% to 4.41%
10 Year 55 to 80% 4.22% to 4.64%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.20%
55 to 75% 3.80% to 4.20%
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% 4.00% to 4.70%
7 Year 55 to 80% 4.20% to 4.60%
10 Year 55 to 80% 4.45% to 4.65%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.15%
55 to 75% 3.80% to 4.40%
55 to 75% 4.10% 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% 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

9-14-2017  This week an appetite for riskier assets took hold after an anticipated North Korean missile test failed to materialize and hurricane Irma struck the U.S. with less force than feared. While Pyongyang continued to make threats after new U.N. sanctions were approved, U.S. jobs data suggesting strength in the world’s largest economy and an uptick in inflation pushed 10-year Treasury yields up to 2.20% from their lows last week of 2.05%. The market now waits in anticipation of next week’s FOMC meeting, which will most likely focus on the impact of recent natural disasters on economic growth.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
College Station, TX
$4,687,000
4.43% Fixed
10-yr term / 30-yr amort.
Self-Storage
Jamestown, CA
$2,400,000
4.40% Fixed
15-yr term / 30-yr amort.
Office
Brookfield, WI
$2,400,000
4.01% Fixed
7-yr term / 20-yr amort.
STNL
Graham, NC
$2,052,000
4.50% Fixed
7-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.