Current Rates as of 6/03/09
(rates have been more volatile over the last week – call for rate updates):
Apartment Loans:
$500,000 – $2MM: 6.25% for 3yrs / 6.625% for 5yrs, low cost, small prepay, 30 yr am.
$1MM – $3MM : from about 5.7% for 5yrs / 6.1% for 10yrs – recourse, Fannie Mae
$3,000,000+ : from about 5.6% for 5yrs / 5.95% for 10yrs – non recourse, Fannie Mae
Brandon Rogers
Terrix Financial
303-757-7800