6-13-2008
Multi-Family Loan Programs > $3 Million
Agency Lenders
Term
Leverage Max.
Interest Rates
5 Yr.
80%
6.36% to 6.51%
7 Yr.
80%
6.30% to 6.45%
10 Yr.
80%
6.40% to 6.60%
15 Yr.
80%
6.81% to 7.41%
Portfolio Lenders*
Leverage Max.
Interest Rates
75%
5.95% to 6.25%
75%
6.40% to 6.65%
75%
6.55% to 6.85%
75%
6.85% to 7.35%
*Rates based on Act/360
Multi-Family Loan Programs < $3 Million
Fixed Rate
Agency Lenders
Term
Leverage Max.
Interest Rates
3 Yr.
80%
6.24% to 6.68%
5 Yr.
80%
6.28% to 6.66%
7 Yr.
80%
6.23% to 6.53%
10 Yr.
80%
6.32% to 6.62%
15 Yr.
80%
6.88% to 7.79%
Portfolio Lenders*
Leverage Max.
Interest Rates
75%
5.80% to 6.25%
75%
5.95% to 6.35%
75%
6.40% to 6.65%
75%
6.55% to 6.85%
75%
6.85% to 7.35%
*Rates based on Act/360
Commercial Loan Programs
Fixed Rate
Portfolio Lenders*
Term
Leverage Max.
Interest Rates
5 Yr.
75%
6.15% to 6.40%
7 Yr.
75%
6.40% to 6.65%
10 Yr.
75%
6.65% to 6.90%
15 Yr.
75%
6.95% to 7.45%
Bridge Floating
Leverage Max.
Spread Over Libor
Stabilized
75%
225 to 300
Re-Position
90%
275 to 350
Index Rates
as of 6/13/2008
5:45 p.m. ET
5-Year Treasur :
y
3.73%
10-Year Treasu y:
r
4.26%
5-Year Swap: 4.65%
10-Year Swap: 4.95%
LIBOR: 3.26%
Prime: 5.00%
(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Economic Commentary
Rates continued their upward climb with the 10-year U.S. Treasury
closing out the week at a yield of 4.26 percent, an increase of 32 basis
points since its close last Friday. Swaps also increased with the 10-year
swap at 4.96 percent and the 5-year swap at 4.65 percent. This swap
spread increase translates to an increase in fixed-term interest rates of
more than 50 basis points during the last two weeks. Many economists
speculate that the credit markets have stabilized over the past 90 days
with reduced concern about deepening recession driving the Fed’s focus
t