Commercial Mortgage Rates
Better interest rates are an important part of sound investment decisions in today's distressed debt market. With the challenges facing commercial real estate, more and more property owners need alternate solutions for their assets, and in select cases Steelhead Capital can help.
Rates for 7/3/2009
| multi-family commercial mortgage rates |
| small portfolio ($400,000 to $3mm) |
| max LTV | fixed term | loan rate | max amort. |
| 80% purchase 80% refinance Cash-Out Refinance - 75% |
floating |
4.68% - 4.86% |
30 |
5 year |
5.34% - 5.43% |
30 |
7 year |
5.70% - 5.77% |
30 |
10 year |
5.88% - 5.94% |
30 |
30 year |
7.45% - 7.50% |
30 |
| large portfolio - non-recourse ($3mm to $20mm+) |
| max LTV | fixed term | loan rate | max amort. |
80% purchase 80% refinance Cash-Out Refinance - 75% |
Floating |
4.68% - 4.86% |
30 |
5 year |
5.24% - 5.34% |
30 |
7 year |
5.62% - 5.70% |
30 |
10 year |
5.82% - 5.88% |
30 |
30 year |
7.39% - 7.45% |
30 |
| special loan products |
| program | fixed term | loan rate | max amort. |
Rehab / Bridge (75% LTC) |
1 year |
6.00% - 8.00% |
interest only |
| office / industrial / nnn / retail / storage loans |
| $500,000 to $1.5M |
| max LTV | fixed term | loan rate | max amort. |
75% purchase and refinance |
3 year |
5.32% - 5.42% |
30 |
5 year |
6.10% - 6.28% |
30 |
7 year |
6.58% - 6.75% |
30 |
| $1.5M to $10M+ |
| max LTV | fixed term | loan rate | max amort. |
75% purchase 75% refinance |
3 year |
5.25% - 5.35% |
30 |
5 year |
5.90% - 6.00% |
30 |
7 year |
6.43% - 6.60% |
30 |
| owner occupied / sba / hotel / motel loans |
| conventional and government programs |
| max LTV | fixed term | loan rate | max amort. |
90% purchase (SBA) 75% refinance |
Floating |
5.75% - 6.00% |
30 |
3 year |
6.25% - 6.50% |
30 |
5 year |
6.70% - 6.90% |
30 |
10 year |
7.09% - 7.34% |
30 |
| commercial mortgage market rates |
| index | current rate | last month | last year |
prime |
3.25% |
3.25% |
5.00% |
libor (6 month) |
1.10% |
1.24% |
3.15% |
5 year treasury |
2.53% |
2.52% |
3.33% |
10 year treasury |
3.49% |
3.70% |
3.97% |
Next: Learn about Steelhead's Investment Strategies »
Please note that commercial mortgage rates quoted here are for informational purposes only and change frequently. To speak directly with an investment advisor and to learn more about our financing services, please submit your secure loan request.
