Marcus & Millichap

Index Rates


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.

July 11, 2019

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% From 3.40%
7 Year 55 to 80% 3.77% to 3.92%
10 Year 55 to 80% 3.91% to 4.01%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.50% to 4.30%
55 to 75% 3.70% to 4.50%
55 to 75% 3.80% to 4.80%
*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% 3.44% to 4.78%
7 Year 55 to 80% 3.70% to 4.77%
10 Year 55 to 80% 3.76% to 4.93%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.50% to 4.20%
55 to 75% 3.70% to 4.40%
55 to 75% 3.80% 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% 3.75% to 4.75%
7 Year 55 to 75% 3.85% to 4.80%
10 Year 55 to 75% 4.00% to 5.00%
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

This week’s headline news continued to focus on the Fed and whether the U.S./China trade dispute will be resolved or continue. And while Federal Reserve Chair Powell has taken a dovish tone in remarks this week to Congress, traders will be eyeing the continuation of that testimony for further clues after a measure of U.S. consumer prices rose more than forecast. Will that testimony keep the rate-cut expectations in place for the July 30-31st meeting? Treasuries retreated after the latest inflation data, causing 10-year Treasury yields to climb six basis points to 2.12 percent, the highest in more than four weeks.

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions

Multifamily
Erie, PA
$8,055,0000
4.12% Fixed
1-yr I.O.
12-yr term/30-yr amort.

Shopping Community
Union Grove, WI
$3,590,625
4.89% Fixed
5-yr term/25-yr amort.

Manufactured Home Communities
El Cajon, CA
$2,300,000
4.48% Fixed for 7 years
14-yr term/30-yr amort..

STNL
St. Charles, MO
$1,082,250
4.48% Fixed
10-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.