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Research

Interest Rate Swaps (%) 30 DAY CHANGE U.S. Treasuries (%) 30 DAY CHANGE FHLB (%) 30 DAY CHANGE
LIBOR Swap 30 Year 1.00  0.18
LIBOR Swap 20 Year 0.95  0.15
LIBOR Swap 10 Year 0.68  0.05
LIBOR Swap 7 Year 0.51  0.00
LIBOR Swap 5 Year 0.38  0.02
LIBOR Swap 3 Year 0.28  0.05
LIBOR Swap 1 Year 0.30  0.07
LIBOR 6 Month 0.51  0.20
LIBOR 3 Month 0.34  0.20
LIBOR 1 Month 0.18  0.12
Treasury 30 Year 1.48  0.19
Treasury 20 Year 1.24  0.19
Treasury 10 Year 0.68  0.04
Treasury 7 Year 0.52  0.00
Treasury 5 Year 0.32  0.04
Treasury 3 Year 0.20  0.04
Treasury 1 Year 0.17  0.01
Treasury 6 Month 0.18  0.04
Treasury 3 Month 0.15  0.02
Treasury 1 Month 0.12  0.02
FHLB 30 Year 2.74  0.11
FHLB 20 Year 2.29  0.03
FHLB 10 Year 1.47  0.16
FHLB 7 Year 1.14  0.12
FHLB 5 Year 0.83  0.11
FHLB 3 Year 0.60  0.08
FHLB 1 Year 0.49  0.02
Prime (%) 30 DAY CHANGE
3.25  0.00

CommLoan Secures a 5-Year Fixed Rate Loan at 3.08% for Canadian Borrower

Multi-tenant Office in Phoenix, AZ

Opportunity
CommLoan was approached by a Canadian sponsor looking to obtain financing for a multi-tenant office building in Phoenix. The office building was recently stabilized, but the sponsors were looking to obtain the highest possible leverage and the most competitive rate.

Solution
Using the CUPID™ platform, CommLoan was able to secure a 5-year fixed rate loan with a … READ MORE

NON-RECOURSE COMMERCIAL LOAN FOR 7 YEARS FIXED AT 3.75%

Property
Multifamily in Phoenix, Arizona

Opportunity
The investor was offered a refinance on their property with no cost at 3.99% from their existing lender. CommLoan was tasked with finding a better deal with non-recourse and no involvement from the limited partner.

Solution
Utilizing the CUPID™ platform, CommLoan was able to identify a more competitive offer at 3.75%, Fixed for 7 … READ MORE

Multifamily Continues its Upward Trajectory in 2020

At CommLoan, the number one asset type we quote, put under application with our lenders, and close, is multifamily. We love performing on apartment deals because we know we’re providing a valuable service to the communities those apartments serve. From value-add acquisitions to stabilized cash-out refinances, we know multifamily, and that bodes well given the state of the market in 2020.

The major … READ MORE

JUST FUNDED

Property
Multifamily in Phoenix, Arizona

Congratulations to Jon Coffen and Linda Fritz-Salazar at Orion Investment Real Estate! This was a value-add project with a tight 30-day closing timeline. Through CommLoan’s technology, we were able to secure a competitive rate at 4.50%, which included a flexible prepay, beating the terms of the borrower’s existing lender relationship.

COMMLOAN HELPS ANOTHER CALIFORNIA INVESTOR EXCHANGE INTO THE ARIZONA MARKET

Property
Multifamily in Phoenix, Arizona

Opportunity
CommLoan was approached by an experienced investor that had recently sold a California property and was looking to exchange into two apartment buildings in Phoenix. The investor required maximum leverage and the lowest possible long-term fixed rate.

Solution
CommLoan secured two acquisition loans at 75% loan-to-value, with a 10-year fixed rate of 3.95%. CommLoan was … READ MORE

10 Big Ideas That Will Shape PropTech in 2020

Original Article: January 07, 2020 GlobeSt.com

2019 was a record-setting year for PropTech. From the highest highs (a record $16 billion in VC investments) to the lowest lows (WeWork implosion), 2019 may well go down as one of the most eventful years to date for PropTech.

And, going into 2020, there is cautious excitement around PropTech, … READ MORE

COMMLOAN SOURCES UNIQUE CREDIT FACILITY FOR AN INVESTOR’S SFH PORTFOLIO

Property
50 Unit Single-Family Home Portfolio in Tucson, Arizona & Ogden, Utah

Opportunity
A private investor had a $6MM portfolio of single-family home properties located throughout Ogden, Utah and Tucson, Arizona. The investor was looking for a credit facility with the flexibility to draw funds as additional investment opportunities are uncovered, which require immediate cash payments.

Solution
CommLoan was able to … READ MORE

Big Changes (and Opportunities) for Fannie Mae and Freddie Mac Multifamily Heading into the New Year

The two GSE’s (government sponsored entities) have historically been one of the major capital sources for multifamily finance in the United States. Since being taken under conservatorship in 2008, both FNMA and FHLMC have been regulated by the Federal Housing Finance Agency (FHFA) – the governing agency that determines the annual lending capacities of both. If you’re an investor or other stakeholder in the multifamily … READ MORE

COMMLOAN’S APPROACH PROVIDES INVESTOR CERTAINTY DURING AGENCY PULL-BACK

Property
Multifamily in Phoenix, Arizona

Opportunity
CommLoan was working with a multifamily syndicator on the acquisition financing for a property lease up. The investor preferred permanent financing rather than bridge, which required a T-1 waiver from the potential lender. Due to the agency pull-back in August, waivers were not being granted on these types of deals for that period.

Solution
CommLoan was … READ MORE

Fannie, Freddie New Lending Caps Turned the “Spigot Back On”

Original Article: October 31, 2019 GlobeSt.com

Experts on the finance panel at GlobeSt Apartments said the new Fannie/Freddie caps revived certainty in the agencies.

Fannie Mae and Freddie Mac announced new lending caps last month. Starting October 1, the agencies have new caps of $100 billion for each agency. At the GlobeSt Apartments conference … READ MORE