Please wait while the page loads...

Southern California Multifamily Real Estate Advisor - MikeLembeck.com

CURRENT INDEX RATES
5-Year Treasury 1.62%
7-Year Treasury 1.79%
30-Day Avg. SOFR 1.85%
5-Year Treasury 0.05%
10-Year Swap 1.91%
Multifamily
FREDDIE MAC—CONVENTIONAL
TERM LTV DSCR SPREAD RATE*
15-Year 65% 1.35x 165-205 3.50%-3.90%
12-Year 65% 1.35x 165-205 3.50%-3.90%
10-Year 55% 1.55x 140-180 3.25%-3.65%
10-Year 65% 1.35x 155-195 3.40%-3.80%
10-Year 80% 1.25x 175-215 3.60%-4.00%
7-Year 55% 1.55x 150-190 3.30%-3.70%
7-Year 65% 1.35x 165-205 3.45%-3.85%
7-Year 80% 1.25x 185-225 3.65%-4.05%
10-Year ARM 80% 1.25x 265-290 2.70%-2.95%
FANNIE MAE—CONVENTIONAL
TERM LTV DSCR SPREAD RATE*
15-Year 65% 1.35x 190-230 3.75%-4.15%
12-Year 65% 1.35x 175-215 3.60%-4.00%
10-Year 55% 1.55x 140-180 3.25%-3.65%
10-Year 65% 1.35x 160-200 3.45%-3.85%
10-Year 80% 1.25x 185-225 3.70%-4.10%
7-Year 55% 1.55x 145-185 3.25%-3.65%
7-Year 65% 1.35x 165-205 3.45%-3.85%
7-Year 80% 1.25x 190-230 3.70%-4.10%
10-Year ARM 75% 1.00x 270-290 2.75%-2.95%
LIFE COMPANIES
TERM AMORTIZATION LTV SPREAD RATE*
5-Year 25-30 65%-75% 200-260 3.60%-4.10%
10-Year 25-30 50%-65% 125-160 3.10%-3.45%
10-Year 25-30 65%-75% 165-210 3.50%-3.95%
15-Year 25-30 65%-75% 165-210 3.55%-4.00%
15-20 Year Fully Amortizing 65%-75% 175-210 3.60%-3.95%
FHA—221( d ) CONSTRUCTION/PERMANENT
TERM AMORTIZATION LTV DSCR RATE*
40 40 85% 1.176x 3.45%
FHA—223( f ) REFINANCING
TERM AMORTIZATION LTV DSCR RATE*
35 35 85% 1.176x 2.75%
C M B S
TERM AMORTIZATION LTV SPREAD RATE*
5-Year 30 65%-75% 325-360 4.85%-5.2%
10-Year 30 65%-75% 210-250 3.95%-4.35%
Commercial
LIFE COMPANIES 
TERM AMORTIZATION LTV SPREAD RATE*
5-Year 25-30 65%-75% 210-260 3.70%-4.20%
10-Year 25-30 50%-65% 135-175 3.20%-3.60%
10-Year 25-30 65%-75% 180-220 3.65%-4.05%
15-Year 25-30 65%-75% 180-220 3.70%-4.10%
15-20 Year Fully Amortizing 65%-75% 180-235 3.65%-4.2%
C M B S
TERM AMORTIZATION LTV SPREAD RATE*
5-Year 30 65%-75% 330-370 4.90%-5.30%
10-Year 30 65%-75% 215-255 4.00%-4.40%

1. Minimum index floor of 0.50% for all fixed rate terms.

2. 15-year floor and 10-year index floor is 1.00%; 7-year index floor is 0.80%.

3. Before MIP of 0.25% to 0.60%     

4. Before MIP of 0.25% to 0.65%    

5. Most life company lenders have floors of 2.75% and above.    

6. Most life company lenders have floors of 2.65% and above.    


Southern California Multifamily Real Estate Advisor - MikeLembeck.com