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  • Writer's pictureCommCap Advisors

Rate Update - February 9, 2024


 

#RateUpdate For the full year of 2023, total retail and food services sales increased by 3.2% from 2022 – ranging from an 11.3% increase at food services and drinking places to an 11.5% decrease at gasoline stations. E-commerce continues to play an important role across the retail industry and CRE landscape and as of the third quarter of 2023, accounted for 15.6% of total retail sales (excluding food services and drinking places). The 10-year Treasury currently sits at 4.17%, its highest for the year, yet lower than Q4 2023's average of 4.27%. In comparison to 2023, transaction volumes continue to rise as the new year unfolds.


As yields fluctuate, "current rates" quickly become obsolete. However, spreads remain applicable and fitting to deal characteristics. Though rates are important, having a well articulated and defined debt plan matching your long-term investment plan is vital. 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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