Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 05/22/2018
3-Year Swap 2.91% 5-Year Treasury 2.9%
5-Year Swap 3.00% 7-Year Treasury 3.02%
7-Year Swap 3.05% 10-Year Treasury 3.06%
10-Year Swap 3.11% Prime * 4.75%
* 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.

May 18, 2018

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.96% to 5.06%
7 Year 55 to 80% 4.81% to 5.23%
10 Year 55 to 80% 4.87% to 5.29%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 4.30% to 4.50%
55 to 75% 4.40% to 4.75%
55 to 75% 4.50% 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% 4.68% to 5.16%
7 Year 55 to 80% 4.60% to 5.08%
10 Year 55 to 80% 4.77% to 5.25%
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 5.10%
7 Year 55 to 75% 4.85% to 5.25%
10 Year 55 to 75% 4.95% to 5.50%
15/15
55 to 75% 4.75% to 5.25%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 400
Re-Position 80% 300 to 500
Economic Commentary

A fresh batch of new data boosting confidence in the U.S. economy has sent benchmark U.S. Treasury yields soaring. Data released on manufacturing and employment, in particular, has made its mark in recent days, sending yields on the 10-year Treasury to 3.11%. Investors are now having to adjust to the highest bond yields in seven years. The 10-year Treasury has increased 11 basis points this week alone.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Hayward, CA
$27,875,000
4.40% Fixed
4-yrs I.O.
30-yr term / 30-yr amort.
Multifamily
Austin, TX
$19,404,000
4.63% Fixed
4-yrs I.O.
12-yr term / 30-yr amort.
Shopping Strip
Harrisburg, PA
$3,450,000
5.00% Fixed
5-yr term / 25-yr amort.
STNL
Holland, MI
$1,150,000
4.80% Fixed
10-yr term / 25-yr amort.

For more information, contact:

William E. Hughes
Senior Vice President
Marcus & Millichap Capital Corporation
Newport Beach
(949) 419-3200
William.Hughes@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.