Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 02/24/2017
3-Year Swap 1.70% 5-Year Treasury 1.8%
5-Year Swap 1.94% 7-Year Treasury 2.12%
7-Year Swap 2.12% 10-Year Treasury 2.31%
10-Year Swap 2.30% Prime * 3.75%
* 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.

February 24, 2017

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.15% to 4.57%
7 Year 55 to 80% 4.21% to 4.63%
10 Year 55 to 80% 4.43% to 4.85%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.70% to 4.20%
55 to 75% 4.00% to 4.30%
55 to 75% 4.25% to 4.60%
*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% 3.70% to 3.90%
55 to 75% 3.88% to 4.20%
55 to 75% 4.25% 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% 4.25% to 4.75%
10 Year 55 to 75% 4.62% to 4.99%
15/15
55 to 75% 4.50% to 4.89%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 425
Re-Position 80% 300 to 475
Economic Commentary

2-24-2017  Yields have fallen this week partly based on a glum set of European corporate earnings. The 10-year Treasury fell 7 basis points to 2.32%. Personal consumption data, due March 1st, may confirm that inflation has reached the Fed’s target of 2% for the first time since 2012. We anticipate continued mild volatility in Treasuries as investors are clearly uncertain.

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Regional Shopping
Bend, OR
$50,000,000
4.65% Fixed
10-yr term / 30-yr amort.
Multifamily
Aurora, CO
$5,500,000
3.99% Fixed
7-yr term / 30-yr amort.
Medical Office
Mesa, AZ
$4,185,000
4.45% Fixed
7-yr term / 23-yr amort.
STNL
Paulding, OH
$3,150,000
4.55% Fixed
7-yr term / 23-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.