THE INTEREST RATE SPECTATOR

    A Report on Commercial Real Estate Rates & Loan Programs

JULY 22, 2011

     3.25% / 3.25%                   0.25% / 0.25% 

      

    LIBOR Rates    Commercial Paper Rates 

  30 Day - 0.18% / 0.19%    30 Day -  0.19% / 0.205%    

  90 Day - 0.24% / 0.23%    60 Day -   0.20% / 0.18%

180 Day - 0.39% / 0.37%   90 Day -   0.23% / 0.23% 

 

U.S. Treasury Rates   Swap Spread Rates

 Term        Rate                   Term         Rate 

  3 Year  0.69% / 0.70%            2 Year   0.94% / 0.93%

  5 Year  1.56% / 1.60%            5 Year   2.02% / 2.00%

  7 Year  2.30% / 2.35%          10 Year   3.00% / 3.01%

10 Year  3.03% / 2.99%              

 

 

LOAN RATE SPREADS 

Add the appropriate spread from below to the Benchmark Interest Rate to get an estimated rate for your loan. 

 

Construction Loan Spreads 

These are Floating Rate, Full Recourse loans provided by Commercial Banks & Credit Unions

                                                     CBD      Subn  Anchored    Other   Whse/

                            Apts  Condo  Office   Office   Retail      Retail     Ind

30-Day Libor +  325   N/A     450       550        425          575         525

 

Fixed Rate Mini-Perm & Permanent Loan Spreads 

LIFE INSURANCE COMPANIES - Fixed Rate, Non-recourse, 5 to 20 year terms

                                     CBD   Subn  Anchored  Other   Flex/      Whse/

                                    Apts   Office   Office     Retail       Retail     R & D     Industrial

10-Yr Treasury +:    275     325      390          300            400         350            350

 

BANKS & CREDIT UNIONS - Fixed Rate, Non-recourse, 1 to 5 year terms

                                  CBD     Subn  Anchored Other   Flex/       Whse/

                                  Apts   Office   Office     Retail       Retail     R & D     Industrial

5-Yr Treasury +:    400    450         600        500            650           550           500

 

Structured Finance / Bridge Loan Spreads 

These are fixed or floating rate, Non-recourse loans of up to 75% Loan to Value

  Floating Rate                  CBD     Subn    Anchored    Other      Flex/       Whse/

                                Apts   Office   Office     Retail       Retail     R & D     Industrial

30-Day Libor +:   675     775        825         750            875         825           800

 

 Fixed Rate                      CBD       Subn    Anchored   Other      Flex/       Whse/

                              Apts   Office   Office     Retail       Retail     R & D     Industrial

Treasuries +:     450     500         600        500           N/A          650           600

For 3 to 7 year Treasuries dependign on length of loan

 

Hard Money Financing

              Min               Max            Rate          loan

          Funding        Funding        Range        Term     Recourse    LTV

         1,000,000   20,000,000    14-18%     1 - 5 Yrs       Yes       70%