Tag: multifamily lending

10yr fixed apartment loan rate remains below 5.1% as 10yr Treasury ranges in 2.6-2.7% area

The rate on the 10yr fixed (30yr amortization) apartment building loan we track stayed in the 5.0-5.1% range for the second week while the spread to the 10yr Treasury remained in the 240 area, still lower than the 2013 average of 264:

Apartment building investment loan vs 10 year Trasury rate

The narrower spread makes sense in light of the July Senior Loan Officer Opinion Survey on Bank Lending that reported loosening lending standards for commercial real estate loans (including apartments) even as loan demand picked up: Continue reading 10yr fixed apartment loan rate remains below 5.1% as 10yr Treasury ranges in 2.6-2.7% area

10yr Treasury back in 2.6% range bringing apartment loan rates up. The spread also widened but remained below 2013 average.

Quick update: The 10 year Treasury (T10) climbed back up into the 2.60% range while the 10 year fixed apartment building loan we track moved up to 5.033%. The spread between them widened to 242bp but remains below the 2013 average of 265bp. This week we’ve added the darker green line to show the average spread between the T10 and the apartment rate on the chart. Note that it uses the Right Hand Scale along with the spread itself:

10 year Treasury rate vs 10 year fixed apartment building investment loan July 2013
10yr Treasury Rate via St. Louis Fed’s FRED data, contact us about the apartment loan rate and details: www.ashworthpartners.com

For details on the apartment loan we track see the notes in last week’s post here: Apartment Building Loan Rates Fall as Spreads Narrow.

How the St. Louis Fed calculates the 10 year Treasury rate displayed above: “Treasury Yield Curve Rates. These rates are Continue reading 10yr Treasury back in 2.6% range bringing apartment loan rates up. The spread also widened but remained below 2013 average.

Fannie, Freddie list top Apartment Building lenders for 2012.

Multifamily Housing News has lists of Fannie Mae’s (here) and Freddie Mac’s (here) top lenders and products for 2012. First Fannie’s:

Fannie top Apartment Building Lenders for 2012

And Freddie’s:

Top Sellers Nationwide—Volume

  1. CBRE Capital Markets—$6.2 Billion
  2. Berkadia Commercial Mortgage—$3.6 Billion
  3. Wells Fargo Multifamily Capital; Holliday Fenoglio Fowler, L.P.—$2.4 Billion
  4. Walker & Dunlop, LLC—$2.3 Billion
  5. NorthMarq Capital, LLC—$1.9 Billion

Top Seller by Freddie Mac Multifamily Region

  • Southeast Region: Berkadia Commercial Mortgage, Richmond, Va.
  • Central Region: CBRE Capital Markets, Dallas, Texas
  • Western Region: CBRE Capital Markets, Newport Beach, Calif.
  • Northeast Region: Beech Street Capital, LLC, New York, N.Y.

Fannie grew their small loan volume by Continue reading Fannie, Freddie list top Apartment Building lenders for 2012.