Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 09/20/2018
3-Year Swap 3.05% 5-Year Treasury 2.96%
5-Year Swap 3.08% 7-Year Treasury 3.03%
7-Year Swap 3.09% 10-Year Treasury 3.07%
10-Year Swap 3.13% Prime * 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.

September 13, 2018

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.93% to 5.36%
7 Year 55 to 80% 4.76% to 5.18%
10 Year 55 to 80% 4.80% to 5.22%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 4.30% to 4.50%
55 to 75% 4.50% to 4.75%
55 to 75% 4.60% to 5.00%
*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% 4.80% to 5.12%
7 Year 55 to 80% 5.00% to 5.20%
10 Year 55 to 80% 5.25% to 5.40%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 4.35% to 4.50%
55 to 75% 4.55% to 4.75%
55 to 75% 4.65% to 5.00%
*Rates indicative of national average, Act/360

Commercial Loan Programs

Fixed Rate Portfolio Lenders*
Term LTV Interest Rates
5 Year 55 to 75% 4.75% to 4.95%
7 Year 55 to 75% 4.85% to 5.00%
10 Year 55 to 75% 4.95% to 5.25%
15/15
55 to 75% 4.75% to 4.95%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 425
Re-Position 80% 300 to 500
Economic Commentary

Trade issues and concerns continue to grab the spotlight after threats were made to slap tariff hikes on nearly all goods from China. At the same time, markets appear to be giving cautious acknowledgement to earlier news that the U.S. and Chinese governments are working out details on another round of trade talks. In the end however, pessimism is brewing over the thought of new tariffs and their impact on global trade. New data released in this week’s PPI report indicated that inflation slowed in August, but was not enough to impact Treasury yields, as the 10-year remained in the high 2.90% range.    

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Solon, OH
$9,500,000
4.55% Fixed
10-yrs I.O.
10-yr term
STNL
Montgomery, NY
$6,800,000
4.45% Fixed
10-yr term/30-yr amort.
Office
Los Angeles, CA
$5,910,000
5.00% Fixed for 5 yrs
25-yr term/25-yr amort.
Multifamily
Portland, OR
$3,112,500
4.55% Fixed
5-yr term/30-yr amort.

For more information, contact:

David G. Shillington
President
Marcus & Millichap Capital Corporation
Atlanta
(678) 808-2749
David.Shillington@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.