Secondary Market Bids

The secondary market is looking more favorably on fixed rates and rate caps these days.

We don’t know how long it will last but for now it looks fairly attractive.
These are bids from three different investors for three loan scenarios; floating, floating with a cap, and fixed.

 

Premium Estimates
Loan Example Bids
$1,200,000 7a, 25 yrs., P+2.25% floating

12.75%

13.00%

12.63%

$1,200,000 7a, 25 yrs., P+2.25% floating w/3% cap

8.75%

5.50%

0.00%

$1,200,000 7a, 25 yrs., 7.63% fixed for term

9.00%

5.50%

7.63%

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