Marcus & Millichap

Index Rates

Current Rates

Current Index Rates as of 4:00 PM ET 11/20/2018
3-Year Swap 3.01% 5-Year Treasury 2.88%
5-Year Swap 3.01% 7-Year Treasury 2.97%
7-Year Swap 3.05% 10-Year Treasury 3.06%
10-Year Swap 3.12% Prime * 5.25%
* 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 15, 2018

Multifamily Loan Programs > $5 million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Year 55 to 80% 5.01% to 5.44%
7 Year 55 to 80% 4.96% to 5.38%
10 Year 55 to 80% 5.03% to 5.45%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 4.50% to 5.00%
55 to 75% 4.80% to 5.10%
55 to 75% 4.85% to 5.25%
*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% 5.20% to 5.47%
7 Year 55 to 80% 5.40% to 5.55%
10 Year 55 to 80% 5.60% to 5.75%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 4.50% to 5.00%
55 to 75% 4.80% to 5.10%
55 to 75% 4.85% to 5.25%
*Rates indicative of national average, Act/360

Commercial Loan Programs

Fixed Rate Portfolio Lenders*
Term LTV Interest Rates
5 Year 55 to 75% 4.95% to 5.10%
7 Year 55 to 75% 5.00% to 5.15%
10 Year 55 to 75% 5.10% to 5.50%
15/15
55 to 75% 5.00% to 5.50%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 250 to 425
Re-Position 80% 300 to 500
Economic Commentary

U.S. Treasury yields have come in from last week’s highs to settle some 10 basis points lower at 3.12% as investors react to ongoing trade disputes, Brexit unrest and an Italian budget crisis. Some reports indicate that the U.S.-China trade picture appears to be brightening while others in the U.S. show that department stores are struggling to move inventory. The California wildfires are also in play as investors are concerned about their impact on utilities. Amid all these matters, the Fed continues to reiterate its confidence in the economy and resolve in pushing rates higher.

 

(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Recent Transactions
Multifamily
Inglewood, CA
$13,480,000
4.60% Fixed for 5 yrs
5-yrs I.O.
30-yr term/30-yr amort.
STNL
Poughkeepsie, NY
$3,150,000
4.74% Fixed for 5 yrs
7-yr term/30-yr amort.
Self-Storage
Florence, OR
$2,800,000
4.84% Fixed
10-yr term/25-yr amort.
Multifamily
Charlotte, NC
$2,400,000
4.99% Fixed
20-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.