Category: Interest Rates
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Terrix Financing Rates 09/14/09
Rates are low!!!! Apartments continue to be the least difficult type of property to finance.Below are today’s rates for select apartment loan programs. Loans $2,000,000+5/30 4.90% non recourse7/30 5.37% non recourse10/30 5.58% non recourse70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with…
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Terrix Financing Rates 09/03/09
Apartments continue to be the least difficult type of property to finance.Below are today’s approximate rates for select apartment loan programs. We do have other options for different scenarios. Loans ~$3,000,000+5/30 5.00% non recourse7/30 5.50% non recourse10/30 5.75% non recourse70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back…
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Terrix Financing Rates 08/17/09
Rates are down!! When was the last time you saw a fixed rate starting with a 4?? Apartments continue to be the least difficult type of property to finance.Below are today’s rates for select apartment loan programs. We do have other options for different scenarios. Loans ~$2,000,000+5/30 4.94% non recourse7/30 5.41% non recourse10/30 5.61% non…
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Terrix Financing Rates 07/20/09
Below are today’s rates for select apartment loan programs. We do have other options for different scenarios. Loans ~$2,000,000+5/30 5.25% non recourse7/30 5.67% non recourse10/30 5.89% non recourse Loans ~$750,000 to $2,000,000+5/30 5.63% recourse7/30 6.07% recourse10/30 6.32% recourse Loans $500,000 to $2,000,0003/30 6.25% recourse, low cost, flexible prepay5/30 6.625% recourse, low cost, flexible prepay7/30 6.75%…
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Terrix Financing Rates 06/29/09
Fannie Rates are down today compared to last week. Below are rates for various apartment loan programs. Please keep in mind Terrix also has other non-traditional/non-apartment specific sources for apartment lending. Loans about ~$2,000,000+5 yr – 5.14%7 yr – 5.55%10 yr – 5.73%Non-recourse Loans ~$750,000 to $3,000,0005 yr – 5.44%7 yr – 5.82%10 yr –…
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Terrix Financing Rates 06/23/09
Below are rates for various apartment loan programs. Please keep in mind we also have non-traditional sources for apartment lending. Loans about $3,000,000+5 yr – 5.34%7 yr – 5.77%10 yr – 6.02%Non-recourse Loans $1,000,000 to $3,000,0005 yr – 5.50%7 yr – 5.89%10 yr – 6.11%Typically recourse – but non-recourse may be available Loans $500,000 to…
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Terrix Financing Rates 06/15/09
Fannie Mae rates have been up and down (mostly up) until recently. Late last week we saw a nice decline. Below are rates for various apartment loan programs. Please keep in mind we also have non-traditional sources for apartment lending. If you have clients who need financing – please keep me in mind – we’ll…
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Challenging Sales Market Will Push Default Rates Higher in 2009
Feb 27, 2009 11:40 AM, By Elaine Misonzhnik Deteriorating property fundamentals and a dearth of available financing continued to wreck havoc on the investment sales market in the fourth quarter of 2008, reports New York-based research firm Reis. Sales volumes fell by double digits compared with the fourth quarter of 2007 in office, retail, multi-family…
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Student Housing REIT Engages in Financial House Cleaning
By Poonkulali Thangavelu, National Real Estate Investor NOTE: This is a good idea for any local Northern Colorado owner who has approximately 25% or greater equity in their asset. Interest rates are incredibly low and a refinance can lock in improved cashflow. Education Realty Trust has received $222 million in funding through a secured credit…