May 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bridge loans: setting up for success with your business plan, timeline and COVID-19 mitigation.
Rate Desk Notes May 22, 2020
- DOW down, S&P/NASDAQ up
- Crude $33
- UST yields .66
- 223(f) 2.52%
- 221(d)(4) 3.11%
- Fannie 3.20%
- Freddie 3.20%
- Bridge loans:
- Business plan CapEx & line items
- Scope of repair timeline
- Detailed information
- Everything is a concern
- New normal: all COVID-19 mitigation efforts are important
