The Meyers Report: Economic Notes

Although there are only second tier economic numbers due this week, several have the potential to affect financial markets.

Retail sales for April were up 0.1%, and hold the potential to dampen investor’s optimism. March sales were down 0.4% for the month and were up only 2.8% from a year ago. However, retail sales data are extremely unreliable and subject to major revisions. Whatever they show, investors should take these numbers with a grain of salt.

Meyersreport_20130513multifamlyrates Meyersreport_20130513sba504

Commercial Lending Rates Since last week, interest rates for government lending programs has held steady, with the latest SBA auction showing a slight rate decline from last month. However, interest rates for multi-family mortgage programs posted slight increases after seven straight weeks of decline.


Commercial Real Estate Lending Rates (5/13/2013)
Non-recourse Term Current 6 weeks Amort.
Type Yrs. Rate Ago Yrs. LTV
HUD 223(f)* 35 3.55% 3.46% 35 83%
HUD 221(d)4* 40 4.05% 3.86% 40 83%
FNMA M-F 30 5.14% 5.37% 30 80%
FNMA M-F 10 4.08% 4.26% 30 80%
FNMA M-F 7 3.62% 3.77% 30 80%

* Includes MIP

 

Full Recourse Term Current March Amort.
Type Yrs. Rate Rate Yrs. LTV
SBA 504 20 3.93% 3.80% 20 90%

 

Interest Only Loans Term Current Amort.
Liability Varies Yrs. Rate Yrs. LTV
Bridge loan 3 4.5-7.5% I.O. 70%
Hard money 3 10-12.5% I.O. 65%

Rates are subject to change without notice and are subject to property and credit qualifications. For details on any of these and other programs, contact Gary Meyers at 847-580-4260 or email: gmeyers@ccfdeals.com.

Learn more about <a href=”http://www.championnews.net/blog/2013/02/05/the-meyers-report-economic-notes/go-ccf.com”>Commercial Corp Finance</a> or read <a href=”http://www.go-ccf.com/loanOptions/Custom%20Pages/Newsletter/”>past reports</a>.

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