Lowest Apartment Loan Rates EVER!

Twist Away

The Fed announced in Sept. 21 it will increase holdings of longer-maturity Treasuries, in a move known as Operation Twist, to limit borrowing costs and boost economic growth and jobs creation.

Yields on U.S. benchmark 10-year notes reached a record low of 1.6714 percent on Sept. 23.

Apartment loan rates have moved down and now FHA 223(f) 35 year loans from $2,000,000 and up are under 4% fixed and Small apartment Loans from $750,000 to $5,000,000 are well under 5% fixed for up to ten years. This is due to the "TWIST" action by the FED and the EU currency crisis with Greece on the verge of certain default.

This programs is for owners of a few properties with good credit. Cash out loans up to 75% Purchase and no cash out loans up to 80%.

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#Apartment #Loan #Rates hit new #lows.

The yield on the benchmark ten-year note hit a record intraday low of 1.929% today.

Despite ending the session well off its lowest levels of the day, the ten-year yield still set at a new record closing low of 1.97%. This is the first time it has broken 2% since the 1950's.

Apartment, lender, FHA 223 f - FNMA commercial mortgages best service/rates Apt.loans JV 30 years in commercial RE Kendall Realty - Apartment Loans

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Crisis 2009 the Year in Review

2009 has been an exciting year for commercial real estate. During the stock market crash we watched treasury rates drop to 2% for ten year notes due to the flight to quality move. Then we saw job losses go off the charts, leading to more job losses. closings and ending of the notion that commercial real estate would survive the recession unchanged. Retailer failures piled up, big boxes closed, mega malls defaulted and office vacancies grew. Re-use, re-fit, re-lease, Politely called Economically Challenged Properties.

The banks all needed to be saved, some failed, some are hanging on by a thread (Corus). Banks stopped lending, Hard money dried up, Fannie Mae and Freddie Mac stopped cash out loans. FHA offered waivers for new construction and opened up the FHA 242 hospital loan program for 223(f) refinances without requiring construction. CAP rates went up and prices for commercial realty went down due to distressed forced sales, defaults and lack of new purchase financing.

Treasuries rates returned to normal levels due to massive measures to provide liquidity by the FED and the massive debt of the U.S.A.

Several con men went to jail and even more are sailing off into the sun set. Property values are lower than last year and vacancies will not peak until job growth returns.

Commercial Real Estate Finance Is Messed Up!

Current State:
Awful, The Pits, Worse I have Ever Seen In My Life, Run for the Hills.

Hospital Healthcare and Apartment Lending with FHA open. Apartment lending with FNMA and Freddie is still open.

Insurance Companies Cherry Picking with less money more deals.

Banks shut down except a few that have not been hurt by condo, single family construction and home loans

Hard money still available but going up in price.

Equity sitting on the sidelines waiting for the bleeding deals to start trading at pennies on the dollar.

Other wise all is well. Except for the fact the dow is going back to levels from 1989 and for many home owners and investors the last eight years will be called "The lost decade" The decade that we lost decades of wealth and millions of jobs.

Scott
Commercial Mortgage Banker