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Research

Interest Rate Swaps (%) U.S. Treasuries (%) FHLB (%)
LIBOR Swap 30 Year 3.29
LIBOR Swap 20 Year 3.32
LIBOR Swap 10 Year 3.26
LIBOR Swap 7 Year 3.22
LIBOR Swap 5 Year 3.20
LIBOR Swap 3 Year 3.18
LIBOR Swap 1 Year 2.90
LIBOR 6 Month 2.69
LIBOR 3 Month 2.47
LIBOR 1 Month 2.28
Treasury 30 Year 3.36
Treasury 20 Year 3.28
Treasury 10 Year 3.17
Treasury 7 Year 3.11
Treasury 5 Year 3.03
Treasury 3 Year 2.95
Treasury 1 Year 2.67
Treasury 6 Month 2.47
Treasury 3 Month 2.32
Treasury 1 Month 2.19
FHLB 30 Year 4.20
FHLB 20 Year 4.01
FHLB 10 Year 3.67
FHLB 7 Year 3.52
FHLB 5 Year 3.32
FHLB 3 Year 3.18
FHLB 1 Year 2.88
 
Prime (%)
5.25

COMMLOAN’S FOCUS ON THE BORROWER EXPERIENCE

By CommLoan Admin,

CommLoan’s primary focus is creating a best-in-class borrower experience. We have learned that it is crucial to retain the high-touch, concierge service of a traditional mortgage broker. Add that with cutting-edge technology and this creates a winning combination for the Borrower.

Check out our latest Google review from our most recent funding last week!

“The team of Mr. David Luke and Mr. Eric Little was … READ MORE

COMMLOAN HELPS SPONSOR OBTAIN FINANCING OVER 95% LTV

By CommLoan Admin,

Office in Cincinnati, Ohio

Opportunity
The owner of an expanding wealth management company was looking to acquire an office building, but the building required construction costs in order to modify the space. In addition, the Sponsor needed capital expenditure for furniture and computers. Their goal was to obtain a commercial loan product that had minimal down payment while finding terms that were competitive.

SolutionREAD MORE

COMMLOAN HOSTS PANEL DISCUSSION ON ARIZONA MULTIFAMILY TRENDS

By CommLoan Admin,

CommLoan was proud to have hosted a panel discussion on “Trends in Arizona Multifamily Commercial Financing” that was held on August 16th at our corporate office. The event was well attended by Arizona real estate professionals.

We would sincerely like to thank our panelists Bob Ferrell from Orion Investment Real Estate, Karl Abert from Kidder Mathews, and Royce Munroe from ABI Multifamily. The panel did … READ MORE

COMMLOAN LEVERAGES LENDING RELATIONSHIP FOR COMPLEX TRANSACTION

By David Luke,

25,000 Sq. Ft. Fitness Center in Port Lucie, Florida

Opportunity
The Investor’s goal was to sell his operating business to a national fitness center organization while maintaining ownership of the real estate. In order to accomplish this, the Investor needed a cash-out refinance to pay off the existing debt and recapitalize. The banks he originally approached were using a 6.5% stress test along with … READ MORE

COMMLOAN HELPS BORROWER ACHIEVE MAXIMUM LEVERAGE ON 1031 EXCHANGE

By David Luke,

Retail Strip in Tempe, Arizona

Opportunity
The Sponsor was initially rolling a 1031 exchange from the sale of a property in another state into a retail center in Arizona. The Borrower was looking for maximum leverage to limit the down payment that was in exchange, however, the sponsor was unable to obtain the leverage he required through his existing relationships.

Solution
CommLoan was … READ MORE

COMMLOAN WORKS WITH AN EXPERIENCED INVESTOR TO UNCOVER ADDITIONAL CAPITAL

By David Luke,

60 Unit Multifamily in Albuquerque, New Mexico

Opportunity
The Sponsors were experienced investors in the local Multifamily market and had four lenders already working on quotes when they heard about CommLoan. The Investors were looking for a loan to acquire and improve the property, which had below market occupancy, but upside potential on rents.

Solution
CommLoan was able to secure a permanent loan … READ MORE

COMMLOAN SECURES BELOW MARKET INTEREST RATE

By David Luke,

Auto Service & Repair Center in Chandler, Arizona

Opportunity
The loan was in process with a national lender that offered a low interest rate 5-year program. The property, however, did not meet the lender’s strict underwriting stress test and interest rates were rising.

Solution
CommLoan originally positioned the loan with multiple lenders, putting the Borrower in a place to quickly adjust and secure … READ MORE

COMMLOAN WORKS WITH A NON-BANKING FINANCIAL INSTITUTION TO PROVIDE A QUICK SOLUTION TO A LOCAL INVESTOR

By David Luke,

35 Unit Multifamily in Phoenix, Arizona

Opportunity
The Sponsor initially thought that the property was at market stabilization. During the due diligence period, it was discovered that the property had 8 out of 35 units that were vacant and needed rehab. The Sponsor had an existing relationship with another bank that had committed to funding. However, during the final underwriting, the assurance of obtaining … READ MORE

Alaska USA Federal Credit Union locates new Operations Center in Arizona

By CommLoan Admin,

Alaska USA Federal Credit Union has selected Glendale, Arizona for its new state-of-the-art Operations Center. The two-story, 185,000 square-foot building will serve as the credit union’s new operation center—supporting Alaska USA’s continued growth and investment in all the communities it serves.

Alaska USA has made a smart decision to move operations to Arizona. Given the availability of competitively priced land, energy … READ MORE