fbpx
Market Updates

State of the Market: February 2022

Brian Gramlich- TDC Founder and CEO

10 February, 2022 · 4 min read

As part of our efforts to provide excellent capital solutions to our clients, Terrydale Capital maintains a dialogue with an extensive network of capital market resources and identifies new ones as they arise. Each month, we condense the highlights just for you. View below to see a quick snapshot of what we’re seeing in the current environment including updates on Private Money, Debt Funds & Bridge Lenders, CMBS, Commercial Banks, and more.

Private Money: Rate Range of 5.50%-10.00%

Private Capital is still very plentiful, however, many firms had to stay on the sidelines last year on several deals due to the amount of competition in the market. With rates moving up, these firms should see an increase in production this year and we anticipate an increase in funding through private lenders this year.

Debt Funds & Bridge Lenders: Rate Range of 3.50% – 7.00%

2021 was huge for bridge lenders and debt funds. With rates increasing this year, we anticipate investors to seek extension options and take out options to lock in rates vs. stay on a floating rate. We are already seeing a big increase in refinance opportunities and expect debt funds to continue to play a major role in commercial real estate finance.

CMBS: Rate Range of 3.00%-4.50% 

CMBS is offering very competitive rates and very attractive fixed term options. This year CMBS will have a strong year given the rate volatility and investors seeking non-recourse, max leverage, fixed rate options as they come out of their bridge loan acquisitions.

Commercial Banks: Rate Range of 2.50%-5.50%

2021 we originated nearly half of our business through our commercial banking relationships. Banks have been very eager to lend with higher leverage, flexible pre-pay, and extremely low rates to earn depository relationships. We don’t see this changing in 2022.

Credit Unions:  Rate Range of 2.95%-5.00%

CUs are still great options for loans below $3MM traditionally and we anticipate them having a big role for opportunities in tertiary markets.

Fannie & Freddie: Rate Range of 3.25% – 4.25% 

Agency financing is still very aggressive. Rates have been increasing sharply this year on these programs; however, they will also have another huge year with investors coming out of their bridge/debt fund loans to longer term fixed options.

FHA: Rate Range of 2.70% – 3.75% 

FHA program we are seeing a big increase in activity here at Terrydale. For development that can afford the timeline this is the best execution for multi-family development.

Life Company: Rate Range of 2.00% and up

Actively lending on all asset classes. Call us to learn more.

Mezz/JV/Equity: 

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.

Interested in working with Terrydale Capital on your next deal? Contact Us Today

Want to see real time commercial loan quotes in the market? Become a member on our Terrydale Live Preferred Investor platform!

Want to receive Weekly Market Updates, Deal Spotlights, Off-Market Opportunities, and Referral Rewards such as a Peloton?

More Deals and Updates

$1.6M Student Housing Acquisition in Boston

$1.6M Student Housing Acquisition in Boston

DEAL SPOTLIGHT $1.6M Student Housing Acquisition | Boston, MA17th November 2022 · 3 min readToday’s Deal Spotlight centers on the acquisition of a student housing asset in Boston, Massachusetts. Because our clients were looking to increase the unit count, it was...

2022 Bridge Loan Rates vs. Conventional Loan Rates

2022 Bridge Loan Rates vs. Conventional Loan Rates

 MARKET UPDATES Bridge Loan Rates Vs. Conventional Loan Rates | 2022 ComparisonNovember 10th, 2022 · 3 min readFacing a volatile 2022 Commercial Real Estate market, we've put together visual representations of the average interest rates of bridge loans and...

Terrydale Capital Holiday Clothing Drive

Terrydale Capital Holiday Clothing Drive

Terrydale Capital is partnering with Mission Oak Cliff this holiday season!🎄 Mission Oak Cliff began in 1948 at  Cliff Temple Baptist Church by a staff member, Virginia Goslin. She established a food pantry in a church closet and as the years passed, the small pantry...

Loan Assumption Opportunities | Everything You Need to Know

Loan Assumption Opportunities | Everything You Need to Know

Learn The Time is Now For Assumption Loan Opportunities November 3rd, 2022 · 5 min readIn the current economy, financing the purchase of a commercial property can be difficult. Mortgage lenders are cautious about whom they lend money to, and now that is even more...

State of the Market | October 2022

State of the Market | October 2022

Market Updates Commercial Real Estate Market Update | October 2022October 27th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...

Steps of the Commercial Real Estate Closing Process

Steps of the Commercial Real Estate Closing Process

Learn Steps of the Commercial Real Estate Closing ProcessOctober 20th, 2022 · 7 min readA commercial real estate closing is a complex, multi-step process that can take months in totality. One of the reasons why a cre transaction might take longer is because one of the...

$2.9M Land Refinance in Leander, Texas

$2.9M Land Refinance in Leander, Texas

DEAL SPOTLIGHT $2.9M Land Refinance | Leander, Texas20 October 2022 · 3 min readToday’s Deal Spotlight takes us over to Leander, Texas, for the refinance of a land asset. While one of our more straightforward deals, some previous work with this client played a big...

4-Unit Retail Cash-Out Refinance in Dallas, Texas

4-Unit Retail Cash-Out Refinance in Dallas, Texas

DEAL SPOTLIGHT 4-Unit Retail Cash-Out REFI | Dallas, Texas13 October 2022 · 3 min readToday’s Deal Spotlight highlights the cash-out refinance of a 4-unit retail CRE asset in Dallas, Texas. During market uncertainty with increasing interest rates, our client wanted to...