Life Co Rates/ Spreads
Hi Everyone,
I was wondering what are life companies currently lending at in terms of rate for Core Office in SF/NYC in the 65% LTV range?
Hi Everyone,
I was wondering what are life companies currently lending at in terms of rate for Core Office in SF/NYC in the 65% LTV range?
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Career Resources
What asset class?
Office
Would it cash flow at 65 ltv?
Not in the first year, then the second and 3rd are 1.25x 4th is projected at 1.45 and continues to climb.
Would 2-3 years I/0 get a different rate?
Would there be a holdback/reserve or just lower LTV.
Something like 200-225 over assuming minimal roll in the loan term. If there is heavy roll then expect higher with structure. You need to be closer to or sub 50% LTV to get 150 type pricing. This is assuming "core" like you said and stabilized. If you can't cover DS then honestly you're straight up "opportunistic" not "core" location aside. Opportunistic pricing is like L+400 at the low end.
Great response, thank you
you could also go the bridge route 450-500 over at 70-75%,,, just a thought
@ 50% LTV - ~4.5-5.5
We got 50% LTV 4%. This was a case study for an interview BTW.
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