Marcus & Millichap Capital Corporation - Loan Application

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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.

Marcus & Millichap Capital Corporation - Capital Alert Marcus & Millichap Capital Corporation - Capital Alert
February 3, 2012

Multifamily Loan Programs > $3 Million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Yr. 55 to 80% 2.95% to 3.40%
7 Yr. 55 to 80% 3.33% to 3.78%
10 Yr. 55 to 80% 3.68% to 4.13%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 3.75% to 4.00%
55 to 75% 4.00% to 4.25%
55 to 75% 4.25% to 4.75%
*Rates based on fixed rate Act/360

Multifamily Loan Programs < $3 Million

Fixed Rate Agency Lenders
Term LTV Interest Rates
5 Yr. 55 to 80% 3.19% to 3.61%
7 Yr. 55 to 80% 3.56% to 3.98%
10 Yr. 55 to 80% 3.94% to 4.36%
Portfolio Lenders*
LTV Interest Rates
55 to 75% 4.25% to 4.50%
55 to 75% 4.50% to 4.75%
55 to 75% 5.00% to 5.25%
*Rates based on fixed rate Act/360

Commercial Loan Programs

Fixed Rate Portfolio Lenders*
Term LTV Interest Rates
5 Yr. 55 to 75% 4.25% to 4.50%
7 Yr. 55 to 75% 4.75% to 5.00%
10 Yr. 55 to 75% 4.88% to 5.25%
15 Yr. 55 to 75% 5.25% to 5.50%
Bridge Floating LTV Spread Over Libor
Stabilized 65% 225 to 300
Re-Position 80% 275 to 350
Index Rate as of 2-3-12
3-Year Swap 0.60% 5-Year Treasury 0.77%
5-Year Swap 1.04% 7-Year Treasury 1.34%
7-Year Swap 1.54% 10-Year Treasury 1.92%
10-Year Swap 2.03% 30-Day Libor 0.26%
Prime 3.25% 90-Day Libor 0.53%
(*Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions)
Economic Commentary

2-3-12 The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a three-year low, offering a hopeful sign for hiring in the year ahead. The unemployment rate dropped to 8.3% from 8.5%, but the nation still has 5.3 million fewer jobs than it did when the recession began in late 2007.

Recent Transactions
Multifamily Mid-Rise
Victorville, CA
$5,000,000
5.55 Fixed
30-yr term / 30-yr amort.
Multifamily Garden Apts.
West Chester, PA
$2,625,000
4.63 Fixed
7-yr term / 30-yr amort.
Multifamily Garden Apts.
Inglewood, CA
$1,950,000
4.16 Fixed
30-yr term / 30-yr amort.
Retail Neighborhood
Hamburg, NY
$1,885,000
5.05 Fixed
5-yr term / 20-yr amort.

For more information, contact:

William Hughes
Senior Vice President / Managing Director
Newport Beach, CA
Office: (949) 419-3200
William.Hughes@marcusmillichap.com
Terms, rates and conditions subject to change. www.MMCapCorp.com