A rally in the Treasury market combined with tightening mortgage spreads have driven commercial real estate borrowing costs to the lowest point in more than a year. After starting the year at 3%, the 10-year Treasury was in the 2.4% range last week, to the surprise and confusion of most, said Dave Karson, an executive managing director in the equity, debt and structured finance group at Cushman & Wakefield. The firm is finding that low interest rates and a positive economic outlook are allowing lenders to see more yield. These factors are also allowing lenders to consider higher-yielding opportunities such as construction loans, Karson said. With multifamily and condo construction loans already efficiently priced and leverage creeping up, office constructionincluding spec office constructionis becoming more....
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Jul 03, 2014 - Samantha Rowan
Although it’s not quite hurricane season, JLL is issuing a call to action for tenants and property managers to be on top of emergency preparedness.
Jun 26, 2014 - Samantha Rowan
A joint venture between Oak Coast Properties and Redhill Realty has acquired One Dartmouth Place Apartments, a 418-unit apartment complex in Denver.
More borrowers are expected to tap the commercial mortgage-backed securities market to refinance existing CMBS 2.0 loans as property values continue to rise.
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