Category: Financing
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Terrix Financing Rates 10/03/09
Rates are -LOW- Apartments are still the least difficult type of property to finance.Below are today’s rates for select apartment loan programs. Loans $2,000,000+5/30 4.91% non recourse7/30 5.37% non recourse10/30 5.63% non recourse70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the…
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Terrix Financing Rates 09/30/09
Loans $2,000,000+5/30 4.91% non recourse7/30 5.32% non recourse10/30 5.49% non recourse70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this avoids the prepay penalty)Subtract ~20 bps for less than 65% LTV and 1.35+ DCR Loans ~$750,000* to $2,000,000+5/30 5.19% recourse7/30…
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Terrix Financing Rates 09/21/09
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 4.99% non recourse7/30 5.47% non recourse10/30 5.65% non recourse70-80% LTV, cashout okay, non recourse, assumable, can do supplemental financing in future to leverage back up for a buyer (combined with the assumption this…
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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 07/16/09
From Terrix Financial: BEST CURRENT RATES APARTMENTS up to $3,000,000 5 year 5.13%, 10 year 5.78% up to 80% LTV APARTMENTS over $3,000,000 5 year 4.97%, 10 year 5.60% up to 80% LTV COMMERCIAL 5 year 6.00%, 10 year 6.625% up to 75% LTV 25-30 Year AmortizationStep Down PrepaymentLow Closing Costs
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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 06/15/09
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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06/03/09 – Terrix Financing Rates
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…
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05/27/09 – Terrix Financing Rates
From Terrix Financial $500,000 to $2,000,0003 yr fixed 6.125% – 6.25%5 yr fixed 6.25% – 6.625%7 yr fixed 6.375% – 6.75%Rate will depend on loan size and qualityBank processsmall prepay, cheap costsMost likely 70% max LTV $750,000 to $3,000,0005 yr fixed 5.60%7 yr fixed 6.00% 10 yr fixed 5.95%30 yr amort80% LTV for the 10/30…