Multifamily Affordable Rates

[Pages:1]Multifamily Affordable Rates

AS OF 10/22/2019

Capital Connections that Offer the Best Options NorthMarq helps clients capitalize on real estate opportunities through our unmatched network of lending partners, which include life insurance companies, CMBS platforms, Freddie Mac, Fannie Mae, FHA/HUD, Wall Street and banks. Contact a local NorthMarq office for innovative solutions to finance affordable multifamily assets.

Fannie Mae

MMAH PPRRESE-S E R V AT I O N - F I X E D R AT E

TERM

AMORTIZATION LTV DSCR

10-Year

30

60% 1.50x

10-Year

30

70% 1.30x

10-Year

30

80% 1.20x

7-Year

30

60% 1.50x

7-Year

30

70% 1.30x

7-Year

30

80% 1.20x

SPREAD 1.45-1.65 1.65-1.85 1.85-2.05 1.62-1.82 1.82-2.02 2.02-2.22

RATE 3.24%-3.44% 3.44%-3.64% 3.64%-3.84% 3.31%-3.51% 3.51%-3.71% 3.71%-3.91%

CURRENT INDEX RATES 7-Year Treasury 10-Year Treasury 1-Month LIBOR

Freddie Mac

PRESERVATION & TAX-EXEMPT

Immediate Cash CME Immediate Cash CME CME Capped ARM 9% LIHTC Immediate Portfolio Tax-Exempt Immediate Fixed Rate Tax-Exempt Immediate ARM 1-Mo. LIBOR

7-Year 10-Year 7-Year 15-Year 15-Year 10-Year

30

80% 1.25x 2.14-2.44 3.83%-4.13%

30

80% 1.25x 2.09-2.39 3.88%-4.18%

30

80% 1.25x 2.23-2.53 4.12%-4.42%

35

90% 1.15x 2.57-2.87 4.36%-4.66%

35

90% 1.15x 2.03-2.33 3.82%-4.12%

35

85% 1.20x 1.95-2.25 3.84%-4.14%

FFORWWAARRDDCOCMOMMITMMIETNMT E N T PRODUCT 9% LIHTC Forwards Portfolio Tax-Exempt 24-Mo. Unfunded Fixed Rate

TERM 15-Year 15-Year

AMORTIZATION LTV DSCR

35

90% 1.15x

35

90% 1.15x

SPREAD 2.50-2.70 2.30-2.50

RATE 4.29%-4.49% 4.09%-4.29%

1.69% 1.79% 1.89%

FHA

NNEW CCOONSNTSRTURCTUIOCNT/ISOUNB /RSEUHABBR| 2E2H1(Ad)B(4)| 2 2 1 ( d ) ( 4 )

PRODUCT

TERM

AMORTIZATON

Market Rate

40-Year

40

Affordable (10%-89% of units restricted)

40-Year

40

Broadly Affordable (90%+ of units restricted) 40-Year

40

LTV DSCR 85% 1.176x 87% 1.15x 90% 1.11x

RREFFIINNAANCNEC/AEC/QAUCISQITUIOI SNI|T22I 3O(FN) | 2 2 3 ( f )

PRODUCT

TERM

Market Rate

35-Year

Affordable (10%-89% of units restricted)

35-Year

Broadly Affordable (90%+ of units restricted) 35-Year

AMORTIZATON 35 35 35

LTV DSCR 85% 1.176x 87% 1.15x 90% 1.11x

RATE 3.80% 3.80% 3.80%

RATE 3.25% 3.25% 3.25%

Rates are general in nature and are for informational use only. Rates are subject to change at any time and the information provided is not a commitment to lend. For specific quotes based on your property, contact a local NorthMarq office.

NORTHMARQ CORPORATE HEADQUARTERS 3500 AMERICAN BLVD W SUITE 500 MINNEAPOLIS, MN 55431 952.356.0100

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