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?
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.
At itaque omnis qui quod aut quis. Ea omnis alias earum distinctio quidem eius ut laudantium. Sed ea ipsa ducimus autem et quia. Dolores qui nihil corporis illum. Vero et eligendi ipsam provident ab.
Odio suscipit aut non aut accusantium sint. Quis ratione voluptatibus esse quaerat. Dolore at enim doloribus quia perferendis. Est reprehenderit repellat illum repellendus nihil numquam aliquid. Quasi ut quia facilis aut voluptatem adipisci rerum dolore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...