Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 03/24/2017
3-Year Swap 1.81% 5-Year Treasury 1.93%
5-Year Swap 2.06% 7-Year Treasury 2.22%
7-Year Swap 2.23% 10-Year Treasury 2.4%
10-Year Swap 2.39% Prime * 4%
* 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.

March 23, 2017

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.16% to 4.58%
7 Year 55 to 80% 4.17% to 4.59%
10 Year 55 to 80% 4.39% to 4.81%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.63% to 4.20%
55 to 75% 3.90% to 4.20%
55 to 75% 4.25% 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% 3.95% to 4.80%
7 Year 55 to 80% 4.45% to 4.85%
10 Year 55 to 80% 4.65% to 4.85%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.63% to 4.15%
55 to 75% 4.00% to 4.40%
55 to 75% 4.25% 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 475
Economic Commentary

3-23-2017  10-year Treasury yields have continued to come in as the market waits for signs that the administration’s growth initiatives are moving forward. While the economy continues to produce positive growth numbers, the market seems concerned over its pace of expansion, now in the low 2.40% range. Market watchers have been focused this week on the passage of the Republican health bill as a sign that the administration has the ability to move growth strategies forward. Current interest rates are very accommodative with an abundance of debt providers in the market.

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
New York, NY
$6,000,000
3.88% Fixed
15-yr term / 15-yr amort.
STNL
Walla Walla, WA
$4,030,000
4.50% Fixed
10-yr term / 25-yr amort.
Shopping Strip
Palm Desert, CA
$2,420,000
5.00% Fixed
15-yr term / 30-yr amort.
Office & Retail
Denver, CO
$1,885,000
4.10% Fixed
7-yr term / 20-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.