Rate Desk Wednesday, October 7, 2020

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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