Current commercial mortgage rates & spreads
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Real Time Rates
U.S. Treasuries
Hourly Treasuries
Libor Swap
Secured Overnight Financing Rate
Current Index Rates
CURRENT INDEX RATES
| Term | Rate |
|---|---|
| 5-Year Treasury | 4.11% |
| 7-Year Treasury | 4.22% |
| 10-Year Treasury | 4.35% |
| 30-Day Avg. SOFR | 4.33% |
* Rates are general in nature and are for informational use only. Rates are subject to change at any time and the information provided is not a commitment to lend. For specific quotes based on your property, contact a local Northmarq office.
** Rate buy downs available on deal by deal basis.
Multifamily Conventional Rates & Spreads
FANNIE MAE - CONVENTIONAL
Learn More| Term | LTV | DSCR | Spread (bps) | Rate |
|---|---|---|---|---|
| 15-Year | 65% | 1.35x | 105 - 145 | 5.40% - 5.80% |
| 10-Year | 55% | 1.55x | 95 - 125 | 5.30% - 5.60% |
| 10-Year | 65% | 1.35x | 105 - 145 | 5.40% - 5.80% |
| 10-Year | 80% | 1.25x | 125 - 165 | 5.60% - 6.00% |
| 7-Year | 55% | 1.55x | 100 - 130 | 5.22% - 5.52% |
| 7-Year | 65% | 1.35x | 110 - 150 | 5.32% - 5.72% |
| 7-Year | 80% | 1.25x | 135 - 175 | 5.57% - 5.97% |
| 5-Year | 55% | 1.55x | 110 - 140 | 5.21% - 5.51% |
| 5-Year | 65% | 1.35x | 120 - 160 | 5.42% - 5.82% |
| 5-Year | 75% | 1.25x | 155 - 195 | 5.77% - 6.17% |
| 10 SARM | 75% | 1.00x | 225 - 255 | 6.58% - 6.88% |
FREDDIE MAC CME - FIXED RATE
Learn More| Term | LTV | DSCR | Spread (bps) | Rate |
|---|---|---|---|---|
| 15-Year | 80% | 1.25x | 140 - 165 | 5.75% - 6.00% |
| 10-Year | 55% | 1.55x | 105 - 110 | 5.40% - 5.45% |
| 10-Year | 65% | 1.35x | 110 - 130 | 5.45% - 5.65% |
| 10-Year | 80% | 1.25x | 125 - 150 | 5.60% - 5.85% |
| 7-Year | 55% | 1.55x | 110 - 125 | 5.32% - 5.47% |
| 7-Year | 65% | 1.35x | 130 - 150 | 5.52% - 5.72% |
| 7-Year | 80% | 1.25x | 145 - 170 | 5.67% - 5.92% |
| 5-Year | 75% | 1.25x | 145 - 170 | 5.56% - 5.81% |
| 10 ARM | 80% | 1.25x | 210 - 235 | 6.43% - 6.68% |
223(f) Refinancing (FHA)
Learn More| Term | LTV | DSCR | Amortization | Rates* |
|---|---|---|---|---|
| 35-Year | 87% | 1.15x | 35 | 5.55 - 6.05% |
221(d)4 Construction / Permanent (FHA)
| Term | LTV | DSCR | Amortization | Rates* |
|---|---|---|---|---|
| 40-Year | 87% | 1.15x | 40 | 6.05 - 6.55% |
LIFE CO - MULTIFAMILY
Learn More| Term | Amortization | LTV | Spread (bps) | Rate |
|---|---|---|---|---|
| 5-Year | 25-30 | 50%-65% | 145 - 205 | 5.56% - 6.16% |
| 5-Year | 25-30 | 60%-75% | 155 - 215 | 5.66% - 6.26% |
| 10-Year | 25-30 | 50%-65% | 130 - 175 | 5.65% - 6.10% |
| 10-Year | 25-30 | 60%-75% | 155 - 215 | 5.90% - 6.50% |
| 15-Year | Fully Amortizing | 60%-75% | 155 - 215 | 6.09% - 6.69% |
CMBS SPREADS/RATES
| Term | Amortization | LTV | Spread (bps) | Rate |
|---|---|---|---|---|
| 5-Year | 30 | 65-75% | 250 - 300 | 6.61% - 7.11% |
| 10-Year | 30 | 65-75% | 225 - 275 | 6.60% - 7.10% |
| 5-Year | 30 | 65-75% | 250 - 300 | 6.61% - 7.11% |
| 10-Year | 30 | 65-75% | 225 - 275 | 6.60% - 7.10% |
* Rates are general in nature and are for informational use only. Rates are subject to change at any time and the information provided is not a commitment to lend. For specific quotes based on your property, contact a local Northmarq office.
** Rate buy downs available on deal by deal basis.
Multifamily Affordable Rates & Spreads
MAH PRESERVATION* - FIXED RATE (>$6M LOAN SIZE)
| Term | Amort | Index | LTV | DSCR | All-In Rate |
|---|---|---|---|---|---|
| 10-Year | 30 | 10Y UST | 60% | 1.50x | 5.40% - 5.70% |
| 10-Year | 30 | 10Y UST | 80% | 1.20x | 5.60% - 5.90% |
| 7-Year | 30 | 7Y UST | 60% | 1.50x | 5.47% - 5.77% |
| 7-Year | 30 | 7Y UST | 80% | 1.20x | 5.62% - 5.92% |
| 5-Year | 30 | 5Y UST | 60% | 1.50x | 5.61% - 5.91% |
| 5-Year | 30 | 5Y UST | 80% | 1.20x | 5.81% - 6.11% |
SPECIAL PUBLIC PURPOSE ("SPP")** - FIXED RATE
| Term | Amort | Index | LTV | DSCR | All-In Rate |
|---|---|---|---|---|---|
| 10-Year | 30 | 10Y UST | 55% | 1.55x | 5.20% - 5.60% |
| 10-Year | 30 | 10Y UST | 80% | 1.25x | 5.60% - 6.00% |
| 7-Year | 30 | 7Y UST | 55% | 1.55x | 5.12% - 5.52% |
| 7-Year | 30 | 7Y UST | 80% | 1.25x | 5.62% - 6.02% |
| 5-Year | 30 | 5Y UST | 55% | 1.55x | 5.06% - 5.46% |
| 5-Year | 30 | 5Y UST | 80% | 1.25x | 5.81% - 6.21% |
PRESERVATION
| Product | Term | Amort | Index | LTV | DSCR | All-In Rate |
|---|---|---|---|---|---|---|
| Fixed | 5-Year | 30 | 5Y UST | 75% | 1.25x | 5.56% - 5.76% |
| Fixed | 7-Year | 30 | 7Y UST | 80% | 1.25x | 5.67% - 5.87% |
| Fixed | 10-Year | 30 | 10Y UST | 80% | 1.25x | 5.60% - 5.80% |
| Capped ARM | 10-Year | 30 | 30d Avg SOFR | 80% | 1.25x | 6.45% - 6.65% |
IMMEDIATE - MOD REHAB
| Product | Term | Amort | Index | LTV | DSCR | All-In Rate |
|---|---|---|---|---|---|---|
| 9% LIHTC | 15-Year | 35 | 10Y UST | 90% | 1.15x | 6.20% - 6.35% |
| 4% Tax-Exempt Loan | 15-Year | 35 | 10Y UST | 90% | 1.15x | 5.65% - 5.80% |
FORWARD COMMITMENT
| Product | Term | Amort | Index | LTV | DSCR | All-In Rate |
|---|---|---|---|---|---|---|
| 9% LIHTC | 15-Year | 35 | 10Y UST | 90% | 1.15x | 6.45% - 6.60% |
| 4% Tax-Exempt Loan (30-Month) | 15-Year | 35 | 10Y UST | 90% | 1.15x | 6.00% - 6.15% |
| Non-LIHTC (30-Month) | 15-Year | 30 | 10Y UST | 80% | 1.25x | 6.35% - 6.50% |
REFINANCE/ACQUISITION | 223(f) (FHA)
| Product | Term | Amort | LTV | DSCR | Rate Before MIP |
|---|---|---|---|---|---|
| Market Rate | 35-Year | 35 | 87% | 1.15x | 5.65%-6.15% |
| LIHTC Affordable* | 35-Year | 35 | 90% | 1.11x | 5.65%-6.15% |
| Project Based Affordable** | 35-Year | 35 | 90% | 1.11x | 5.65%-6.15% |
*At least 20% of units at 50% AMI or 40% at 60% AMI w/ >10% rent advantage and 15+ years remaining
**At least 90% of units under a Project Based HAP contract w/ 15+ years remaining
NEW CONSTRUCTION/SUB REHAB | 221(d)(4) (FHA)
| Product | Term | Amort | LTV | DSCR | Rate Before MIP |
|---|---|---|---|---|---|
| Market Rate | 40-Year | 40 | 87% | 1.15x | 6.10%-6.60% |
| LIHTC Affordable* | 40-Year | 40 | 90% | 1.11x | 6.10%-6.60% |
*At least 20% of units at 50% AMI or 40% at 60% AMI w/ >10% rent advantage and 15+ years remaining
**At least 90% of units under a Project Based HAP contract w/ 15+ years remaining
* Rates are general in nature and are for informational use only. Rates are subject to change at any time and the information provided is not a commitment to lend. For specific quotes based on your property, contact a local Northmarq office.
** Rate buy downs available on deal by deal basis.
Commercial Rates & Spreads
LIFE CO - COMMERCIAL
Learn More| Term | Amortization | LTV | Spread (bps) | Rate |
|---|---|---|---|---|
| 5-Year | 25-30 | 50%-65% | 150 - 210 | 5.61% - 6.21% |
| 5-Year | 25-30 | 60%-75% | 160 - 220 | 5.71% - 6.31% |
| 10-Year | 25-30 | 50%-65% | 150 - 190 | 5.85% - 6.25% |
| 10-Year | 25-30 | 60%-75% | 160 - 220 | 5.95% - 6.55% |
| 15-Year | Fully Amortizing | 60%-75% | 160 - 220 | 6.14% - 6.74% |
CMBS SPREADS/RATES
Learn More| Term | Amortization | LTV | Spread (bps) | Rate |
|---|---|---|---|---|
| 5-Year | 30 | 65-75% | 250 - 300 | 6.61% - 7.11% |
| 10-Year | 30 | 65-75% | 225 - 275 | 6.60% - 7.10% |
| 5-Year | 30 | 65-75% | 250 - 300 | 6.61% - 7.11% |
| 10-Year | 30 | 65-75% | 225 - 275 | 6.60% - 7.10% |
* Rates are general in nature and are for informational use only. Rates are subject to change at any time and the information provided is not a commitment to lend. For specific quotes based on your property, contact a local Northmarq office.
** Rate buy downs available on deal by deal basis.
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