Commercial Real Estate Market Update | September 2022
Brian Gramlich- TDC Founder and CEO
September 29th, 2022 · 4 min read
Terrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources that have become more active in this new environment.
A quick snapshot of what we are seeing:
Private Money: Rate Range of 10.00%-14.00%
Private Money lenders continue to stay busy. In today’s market, their rates are less of a pill to swallow for investors as they are within a small range compared to some conventional options, but can get done in half the time with half the risk of waiting on approvals.
Debt Funds & Bridge Lenders: Rate Range of 7.50% – 9.50%
The lion’s share of our business today comes from these funding sources. Due to the swift changes in the market, these sources are able to adapt quicker than conventional lenders and get deals done at better leverage points.
CMBS: Rate Range of 6.00%-7.50%
CMBS continues to be a good option for deals that are needing non-recourse and longer-term fixed loans.
Commercial Banks: Rate Range of 6.50%-8.00%
We currently have many transactions actively closing with banks. Most transactions are development, shorter-term refinances, and/or rehab projects. Most banks are changing guidelines in real-time as they adjust to the market.
Credit Unions: Rate Range of 5.50% – 8.00%
These firms continue to be a good option for our smaller market transactions.
Fannie & Freddie: Rate Range of 4.80% – 6.50%
Recently, we’ve seen these rates take a fast hike up which has slowed down the number of deals going in this direction. We anticipate many clients moving back to agency options in the next quarter as the market adjusts.
FHA: Rate Range of 5.00% -6.00%
For developers that can afford the timeline, this is the best execution for Multi-Family development. We are seeing clients utilize this option for newly stabilized properties as well, mostly in refinance situations.
Life Company: Rate Range of 5.00% and Up
Actively lending on all asset classes. Call us to learn more.
Investors have many ways to structure a deal in today’s market. Mezz and Equity structures allow our clients to seek larger opportunities with options to position their transaction with as little as 5% down for qualified experienced investors.
*Rates are estimates and based on the assumption of Max LTV. Lower LTV options would allow for lower rate options in the market
Want to see real-time commercial loan quotes in the market? Become a member of our Live Deal platform! Click Below
More Deals and Updates
State of the Market | May 2023
Market Updates Commercial Real Estate Financing State of the Market | May 2023May 4th, 2023 · 4 min readAt Terrydale Capital, we strive to provide our clients with a comprehensive array of capital solutions. To ensure that we remain current with the latest market...
$3MM Multifamily Refinance | Kansas City, MO
DEAL SPOTLIGHT $3MM Multi-Family Cash-Out Refinance | Kansas City, Kansas17th April 2023 · 2 min readAt Terrydale Capital, we understand that seizing opportunities in a fluctuating market can mean the difference between success and missed potential. In our latest Deal...
State of the Market | April 2023
Market Updates Commercial Real Estate Financing State of the Market | April 2023April 6th, 2022 · 4 min readAt Terrydale Capital, we are dedicated to offering our clients a diverse range of capital solutions. We make sure to stay up-to-date with the prevailing...
$9.95MM RV & Storage Acquisition | Indianapolis, IN
DEAL SPOTLIGHT $9.95MM RV and Self Storage Acquisition | Indianapolis, IN23rd March 2023 · 3 min readIn today's Deal Spotlight, we're highlighting the successful financing of a $9.95 million acquisition of an RV and Self-Storage hybrid asset in Indianapolis, Indiana....
State of the Market | March 2023
Market Updates Commercial Real Estate Financing State of the Market | March 2023March 9th, 2022 · 4 min readTerrydale Capital is committed to providing our clients with a variety of capital solutions. We stay current with commercial interest rates in the market by...
A Different Coverage: Understanding DSCR
Recent News A Different Coverage: Understanding DSCRFebruary 23rd, 2023 · 5 min readWhat is the DSCR? The debt service coverage ratio (DSCR) or debt coverage ratio is the measure of operating income available to service debt for interest, lease payments and principal....
Analyzing Housing Costs’ Impact on Multi-Family Investments
Deal Spotlight Multi-Family Investments and the Impact of Escalating Housing CostsFebruary 23rd, 2023 · 5 min read After the great recession, the annual average inflation rate was often around two to three percent. Such a favorable economic atmosphere saw the...
State of the Market | February 2023
Market Updates Commercial Real Estate Financing State of the Market | February 2023February 9th, 2022 · 4 min readAt Terrydale Capital, we are dedicated to delivering multiple capital solutions to our clients. We stay on top of the market by continuously engaging with...
Terrydale Capital 2022 Year In-Review
Recent news TDC 2022 Year In-Review8th February 2023 · 3 min readMore Deals and Updates