April 6 edition
- Stocks were up and erased last week’s declines
- 10 year US treasury at 68 bp
- HUD/FHA 223(f) acquisition and refinancing rates at 2.60%
- HUD/FHA 221(d)(4) New construction and sub rehab rates: 3.30%
- Fannie at 3.42%
- Freddie at 3.50%
- Life companies sidelined
- Large banks busy with PPP loans; cash requests slow
- Non-recourse CMBS/CLO on the sidelines
- Debt/equity funds still in
- 2-3 Year Term, 1M (1.25 Floor) LIBOR + 3.50-4.25 = Rates of 4.75% to 5.50%
