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Finfacts XXIV – No. 446

January 30, 2025

Market Rates

Prime Rate
7.50%
5 Yr SOFR Swap
4.02%
10 Yr SOFR Swap
4.07%
5 Yr US Treasury
4.33%
10 Yr US Treasury
4.53%
30 Yr US Treasury
4.79%

Recent Financings

  • Advisors

    Matthew Kirisits

    Director

    LTV: 60%

    Rate: 6.22% Fixed

    Term: 36 months fixed then floating at SOFR+2.50%

    Guaranty: Non-Recourse

    Prepayment: 3,1,0

    Origination Fee: 0%

    Non-Recourse Multifamily Perm Loan, Fixed at 6.22%, Full Term Interest Only

      Transaction Description:

      George Smith Partners arranged a 3-year perm loan for the refinance of a stabilized multifamily property. The loan is fixed at a rate of 6.22% with full term Interest Only payments. The Sponsor needed to refinance to meet a loan maturity, but requested a short prepay in case interest rates decline. GSP was able to secure a stepdown prepay with no fee in the third year. The loan has no origination fee.

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