Interest rates on bank quality commercial real estate loans decreased across all property types in May 2017. Rates are slightly below their marks from a year ago, reflecting a positive, yet measured view on the economy and commercial real estate generally. Lender sentiment remains positive with most lenders sticking to their underwriting despite a highly competitive market. Other benchmark interest rates are available from the Wall Street Journal.
|Collateral Type||Change||Current Month||Prior Month||Prior Year|
DSCR: 1.5x (2.0x for hotel)
LTV: 70% - 80%
Maturity: 10 years
Amortization: 20 - 30 years