#RateUpdate The Federal Reserve raised its interest rate target by 25 basis points in the July meeting to 5.25%-5.50%, continuing an aggressive campaign of nearly one dozen rate hikes. Following a "hawkish pause" in June, which provided some relief for a strained banking sector and tepid stock market, experts predict this rate hike will be followed by one more before the end of the year. The August US employment report showed some cooling labor market conditions with the unemployment rate climbing to 3.8%, signaling that the end to the current monetary policy tightening cycle is potentially getting close. The next FOMC meeting will be held on September 19-20, 2023.
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. #CommCap #LoanSpreads #CRE #RenoCRE #BoiseCRE #VegasCRE #RealEstate
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.