Commercial Mortgage Rates
In general, commercial mortgage rates vary by asset class, geographic location, tenant mix, property type, leverage, debt service coverage, sponsorship and hundreds of other factors that are carefully considered in the underwriting for each loan. All of these rates are driven by indices (as indicated below). Commercial Real Estate Loans, Inc. specializes in underwriting and analyzing property financials. We then leverage the correct scenarios with the right lenders in order to drive down spreads and costs and maximize returns for our clients.
Permanent Loans generally price over the relative treasury with banks, life companies, and CMBS lenders each offering different spreads depending on asset class, sponsorship, and MSA.
Our bridge financing options for loans under $10,000,000 are generally prime based products that float between 100 and 450 basis points over prime. However, LIBOR-based options are also available.
US Treasury Yields
3-Month Treasury: 2.42%
5-Year Treasury: 2.49%
10-Year Treasury: 2.67%
Fed Funds: 2.27%
*Treasury yields and federal funds rate updated on January 6, 2019, prime rate updated on Dec 20, 2018. Information provided by the U.S. Department of the Treasury, JP Morgan Chase & Co and the Federal Reserve Bank of St. Louis.