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  • Writer's pictureCommCap Advisors

Rate Update - December 4, 2023


 

#RateUpdate December is here. Finally or too quickly? In mid-November, the CPI report indicated stagnant month-over-month inflation and a 3.2% increase over the previous year, triggering a prompt market response with Treasury rates declining by 20 basis points. Following its October peak just above 5%, the 10-year Treasury rate has since settled at the low 4.30s. Within the multifamily market, the bid-ask spread is contracting, and property values have seen a decline of 5%-10% over the last year. The synergy of lower rates and better prices should stimulate a surge in deal activity.


As yields fluctuate, "current rates" quickly become obsolete. However, spreads remain applicable and fitting to deal characteristics. The experts at CommCap are here to help you understand goals and navigate the current market providing access to multiple lending sources, early rate-locks, cash out refinancing, and more.


 

As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.


We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.

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