Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 11/17/2017
3-Year Swap 1.99% 5-Year Treasury 2.06%
5-Year Swap 2.12% 7-Year Treasury 2.23%
7-Year Swap 2.22% 10-Year Treasury 2.35%
10-Year Swap 2.35% 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.

November 16, 2017

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 4.27% to 4.69%
7 Year 55 to 80% 4.17% to 4.59%
10 Year 55 to 80% 4.29% to 4.71%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.20%
55 to 75% 3.80% to 4.20%
55 to 75% 4.00% 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% 4.10% to 4.60%
7 Year 55 to 80% 4.30% to 4.65%
10 Year 55 to 80% 4.60% to 4.80%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.60% to 4.15%
55 to 75% 3.80% to 4.40%
55 to 75% 4.10% 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% 3.95% to 4.50%
7 Year 55 to 75% 4.10% to 4.75%
10 Year 55 to 75% 4.16% to 4.99%
15/15
55 to 75% 4.09% to 5.00%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 425
Re-Position 80% 300 to 500
Economic Commentary

11-16-2017   Yields on 10-year Treasuries have fallen this week as investors absorb a raft of potential market-moving data, including an uptick in inflation and evidence of strong retail sales numbers. Tax revisions are in focus as the House looks to set a vote on its version of the tax plan. The Senate's latest version would expand temporary cuts for businesses, boosting investor optimism.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Mount Vernon, NY
$9,500,000
3.65% Fixed
10-yr term / 30-yr amort.
STNL
Chicago, IL
$6,705,000
4.40% Fixed
15-yr term / 25-yr amort.
Industrial Office Warehouse
San Diego, CA
$5,700,000
4.70% Fixed
15-yr term / 30-yr amort.
Shopping Community
Las Vegas, NV
$4,500,000
4.50% Fixed
5-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.