Rate Desk April 6, 2020

26

April 6 edition
  • Stocks were up and erased last week’s declines
  • 10 year US treasury at 68 bp
  • HUD/FHA 223(f) acquisition and refinancing rates at 2.60%
  • HUD/FHA 221(d)(4) New construction and sub rehab rates: 3.30%
  • Fannie at 3.42%
  • Freddie at 3.50%
  • Life companies sidelined
  • Large banks busy with PPP loans; cash requests slow
  • Non-recourse CMBS/CLO on the sidelines
  • Debt/equity funds still in
  • 2-3 Year Term, 1M (1.25 Floor) LIBOR + 3.50-4.25 = Rates of 4.75% to 5.50%