October 7, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Leveraging green benchmarks to maximize lending potential and a look at HUD for statutory constrained urban markets.
Rate Desk notes October 7, 2020
- Indices up
- UST yields .78
- Crude $39.95
- 223(f) 2.29%
- 221(d)(4) 2.89%
- Fannie 2.85%
- Freddie 3.05%
- Freddie green quotes saving borrowers 15bps
- Use HUD green benchmark standards on new developments
- Watch for financial leverage when loan constant exceeds cap rate
- HUD viable in urban core where PE equity is less available
- Boost loan size with HUD 220 program in urban and mixed-use developments
- 15% boost to allowable max of EGI
- Statutory constrained urban core markets
