Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 06/23/2017
3-Year Swap 1.64% 5-Year Treasury 1.77%
5-Year Swap 1.81% 7-Year Treasury 1.98%
7-Year Swap 1.95% 10-Year Treasury 2.15%
10-Year Swap 2.12% 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.

June 22, 2017

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.00% to 4.42%
7 Year 55 to 80% 4.00% to 4.42%
10 Year 55 to 80% 4.18% to 4.60%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.75% to 4.20%
55 to 75% 4.05% 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% 4.00% to 4.70%
7 Year 55 to 80% 4.20% to 4.60%
10 Year 55 to 80% 4.40% to 4.60%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.75% to 4.15%
55 to 75% 4.05% 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

6-22-2017  Federal Reserve policymakers seem united in opinion after a slew of speakers during the week did little to alter projections for the path of the U.S. federal funds rate. With concern that inflation is lagging expectations and the U.S. economy isn’t quite as rosy as Fed Chair Yellen would have us believe, the market is looking for one more hike this year. The 10-year Treasury yield at 2.15% has moved in a fairly tight range this week, having fallen 4 basis points for the week. And while lenders are generally tightening up underwriting basics, there is no shortage of lenders in the market; you just have to know where to look.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Sunnyvale, CA
$6,080,000
3.80% Fixed
30-yr term / 30-yr amort.
Self-Storage
Sarasota, FL
$2,400,000
4.50% Fixed
5-yr term / 25-yr amort.
STNL
Huntersville, NC
$2,060,000
4.65% Fixed
10-yr term / 25-yr amort.
Shopping Center
Shawnee, KS
$1,650,000
4.50% 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.