Interest Rate Report 12/5/24
Interest Rate Report – 12/3/24
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So here’s a little good news. Treasuries have moved down a bit from their recent highs.?In fact, Thanksgiving week saw the lowest daily average rate in exactly a month, but there's never a guarantee the interest rate market will look the same on the following week.?Thankfully, it's almost perfectly unchanged so far this week.
As of this morning, the Ten Year Treasuries are at 4.2%.
The next potential rate mover will be Friday's jobs report. This report normally has the biggest impact of any economic report over the past few months.
And as always, wherever rates go from here, please give us a chance to get you the very best conventional and Bridge financing programs for all your commercial RE needs, (i.e. Senior Debt, Preferred Equity, or Mezz debt).
And if you are buying or refinancing a commercial property and need to close fast, there are great options available, with some Bridge loan programs that can close within 2 weeks – 3 weeks! These programs even offer Capex money.
Please give us a call to see what rates and terms we can get for you.
Here is a snap shot of interest rates as of 12/3/24 and available LTVs:
Multi family –
·???????5.4% -6.75%
·???????75% - 80% LTV
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Industrial –
·???????6.15% - 7.25%
·???????70% - 75% LTV
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Retail / Office –
·???????6.75% - 7.8%
·???????65% - 70% LTV (75% LTV is possible with strong occupancy, strong tenants, densely populated areas and strong sponsors)
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Bridge -
8% - 13% Interest Only (Stabilized and Construction)
Please give me a call to discuss your best options!
Thank you!?
Bob Beckman
Senior Finance Director | Philadelphia Tri-State Region
Mobile: +1 215 850 3422