Rate Desk May 27, 2020

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May 27, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. LIHTC perm take-out low loan constant due to low rates but still over-sourced.

Rate Desk Notes May 27, 2020
  • Indices up
  • Crude $32.78
  • UST yields .69
  • 223(f) 2.50%
  • 221(d)(4) 3.15%
  • Fannie 3.17%
  • Freddie 3.20%
  • LIHTC perm take-out
  • Low loan constant due to low rates
  • Zero deferred developer fee and still over-sourced
  • Start with 223(f) early
  • Match size to your needs
  • Credits for closed amenities?
  • Value-add differentiators?