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  • Writer's pictureCommCap Advisors

Rate Update - May 10, 2024



 

#RateUpdate Summer time is quickly approaching and the 10-year Treasury continues on its wild ride. After opening the year at 3.95%, the yield ranged between the high 4.20s and mid 4.30s. However, the month of April saw it surge past 4.70%, to then swing back to mid 4.40s, just to settle at 4.50% in the beginning of May. While many investors have kept their pencils down, others are taking now as an opportunity to amass market intelligence ahead of a turn in the market. Lenders have prepared to become increasingly active as players across the market anticipate a wave of maturities driving new loan demand, offering private credit investors a spotlight once held by banks.


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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