Rate Desk May 22, 2020

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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