Interest Rates
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Market Rates |
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Key Rate Indices as of February 26, 2009* |
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Prime Rate |
3.25% |
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11th District |
2.76% |
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5-year U.S. T-Bills |
2.08% |
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10-year U.S. T-Bills |
3.00% |
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30-year U.S. T-Bills |
3.68% |
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12-MAT |
1.63% |
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1 Year CMT |
0.71% |
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LIBOR - 3 month. |
1.26% |
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LIBOR - 6 month. |
1.66% |
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LIBOR - 1 year |
2.11% |
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*Rates as of February 26, 2009. Please contact an Account Executive for current rates. |
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Fixed
Rate*
|
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Tier 2++ (80% LTV) |
6.13% |
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Tier 3++ (65% LTV) |
5.99% |
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Tier 4++ (55% LTV) |
5.83% |
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Adjustable
Rate Mortgage*
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Tier 2+ (77.5% LTV) |
4.35% |
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Tier 3+ (65% LTV) |
4.17% |
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Tier 4+ (55% LTV) |
3.97% |
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*Rates as of January 12, 2009. Please contact an Account Executive for current rates. |
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Fixed Rate Pricing, Lowest Rate for Conduits and Life Companies |
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Property
Type |
Min. DSCR
|
Max. LTV
|
Typical Spread
|
Typical
Rate |
Loan
Terms (yrs) |
Amort. (yrs)
|
| Min.-Max. |
Min. - Max.
|
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| Apartments | 1.25 | 80% | 1.95-2.10 | 4.95%-5.10% | 10 |
30
|
| Student Housing | 1.25 | 80% | 2.45- 2.60 | 5.45%-5.60% | 10 |
30
|
| Mobile Home Park | 1.25 | 80% | 2.02- 2.17 | 5.02%-5.17% | 10 |
30
|
| Anchored Retail | 1.25 | 80% | 2.02-2.17 | 5.02%-5.17% | 10 |
30
|
| Shadow Retail | 1.25 | 80% | 2.02-2.17 | 5.02%-5.17% | 10 |
30
|
| Unanchored Retail | 1.25 | 75% | 2.02-2.17 | 5.02%-5.17% | 10 |
30
|
| Industrial | 1.25 | 80% | 2.02-2.17 | 5.02%-5.17% | 10 |
30
|
| Self-Storage | 1.30 | 75% | 2.05-2.20 | 5.05%-5.20% | 10 |
30
|
| Office | 1.25 | 80% | 2.02-2.17 | 5.02%-5.17% | 10 |
30
|
| Hotels | 1.40 | 75% | 2.10-2.25 | 5.10%-5.25% | 10 |
25
|
| Medical Office | 1.25 | 80% | 2.02-2.17 | 5.02%-5.17% | 10 |
30
|
| Rates as of February
26, 2009.
Please contact an Account Executive
for current rates. |
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Credit Tenant Pricing |
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|
Full
Leverage*
|
|
|
Minimum DCR |
1.015% |
|
Maximum LTV |
100% |
|
Interest Rates |
4.46% |
|
Lowest
Rate*
|
|
|
Minimum DCR |
1.30% |
|
Maximum LTV |
65% |
|
Interest Rates |
3.36% - 3.96% |
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*Rates as of January 9, 2009. Please contact an Account Executive for current rates. |
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Adjustable
Rate Loan Programs |
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PROGRAM |
INDEX |
INDEX
RATE |
ADJUSTABLE
MARGIN |
ADJUSTABLE
RATE |
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| 6 Month Adjustable | 12
MTA |
4.08% |
2.35% |
6.43% |
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| 6 Month Adjustable | 6
Month LIBOR |
2.89% |
1.95% |
4.84% |
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Fixed
Rate Loan Programs |
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PROGRAM |
INDEX |
INDEX
RATE |
FIXED
RATE MARGIN* |
90-DAY
RATE** |
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| 3 Year Fixed | 3
Yr Treasury CMT |
5.60% |
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| 5 Year Fixed | 5
Yr Treasury CMT |
5.90% |
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| 7 Year Fixed | 7
Yr Treasury CMT |
6.20% |
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| 10 Year Fixed | 10
Yr Treasury CMT |
6.50% |
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| 15 Year Fixed | 10
Yr Treasury CMT |
6.50% |
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| * Margins and rates as shown are at Par; may be increased based on overall loan quality. | ||||||||||||||||||||||||
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Program Options:
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Rates as of March 6, 2008 |
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Adjustable
Rate Loan Programs |
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PROGRAM |
INDEX |
INDEX
RATE |
ADJUSTABLE
MARGIN |
ADJUSTABLE
RATE |
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| 6 Month Adjustable | 12
MTA |
4.08% |
3.15% |
7.23% |
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| 6 Month Adjustable | 6
Month LIBOR |
2.89% |
2.75% |
5.64% |
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Fixed
Rate Loan Programs |
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PROGRAM |
INDEX |
INDEX
RATE |
FIXED
RATE MARGIN* |
90-DAY
RATE** |
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| 3 Year Fixed | 3
Yr Treasury CMT |
6.40% |
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| 5 Year Fixed | 5
Yr Treasury CMT |
6.70% |
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| 7 Year Fixed | 7
Yr Treasury CMT |
7.00% |
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| 10 Year Fixed | 10
Yr Treasury CMT |
7.30% |
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| Pricing Note: Margins and rates as shown are at Par; may be increased based on overall loan quality. | ||||||||||||||||||||||||
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Program Options:
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Rates
as of March 6, 2008 |
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