CURRENT BENCHMARK RATES
DATE 9-3-2010 |
| 5 Year Treasury |
1.49 % |
| 10 Year Treasury |
2.7 % |
| 30 Year Treasury |
3.78 % |
| 3 Month LIBOR |
0.29 % |
| Prime Rate |
3.25 % |
| 10 Yr. Swap Spread |
5 B.P. |
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| Recent Transactions: |
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UMC Quick Care
Las Vegas, Nevada
Loan Amount: $1,800,000
Lender: Local Bank
Loan Type: 5+5 year fixed rate permanent
Deal Points:
Strong borrower, good location |
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Northpark Industrial
North Las Vegas, Nevada
Loan Amount: $1,350,000
Lender: Correspondent Life Insurance Company
Loan Type: 25 year fixed rate permanent
Deal Points:
Low leverage, fully amortizing loan |
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Flamingo Arville Plaza
Las Vegas, Nevada
Loan Amount: $1,700,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Low leverage, fully amortizing loan |
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Pecos Wigwam Center
Henderson, Nevada
Loan Amount: $2,300,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Low leverage, fully amortizing loan |
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University Plaza
Las Vegas, Nevada
Loan Amount: $1,800,000
Lender: Regional Bank
Loan Type: 5 year fixed
Deal Points:
Flexible Prepayment Structure |
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Arrowhead Industrial Building 8
Las Vegas, Nevada
Loan Amount: $1,312,500
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Low leverage and strong experienced borrower |
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Arrowhead Industrial Buildings 3 & 4
Las Vegas, Nevada
Loan Amount: $2,100,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Lender was willing to structure around tenant issues |
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Miracle Mile Mobile Home Park
Las Vegas, Nevada
Loan Amount: $7,000,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Older, Stable Community-Defeased previous loan |
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Alwyn Industrial
Henderson, Nevada
Loan Amount: $2,900,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Credit Tenants – Low Leverage |
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Business Park Court
Las Vegas, Nevada
Loan Amount: $2,400,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Low Fixed Rate and 25 year Amortization |
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Cameron Court
Las Vegas, Nevada
Loan Amount: $2,400,000
Lender: Correspondent Life Insurance Company
Loan Type: 10 year fixed rate permanent
Deal Points:
Low Fixed Rate and 25 year Amortization |
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Marco Industrial Building
Las Vegas, Nevada
Loan Amount: $2,900,000
Lender: Regional Bank
Loan Type: 7 year fixed rate permanent
Deal Points:
Single tenant industrial in older metal building |
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Henderson Industrial Park
Henderson, Nevada
Loan Amount: $5,000,000
Lender: Correspondent Life Insurance Company
Loan Type: Permanent
Deal Points:
Cash-Out Refinance, Incubator space with short leases
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Hacienda Crossings
Las Vegas, Nevada
Loan Amount: $9,500,000
Lender: Investment Bank
Loan Type: Permanent
Deal Points:
Cash-out Refinance with Tenant rollover risk |
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Rocksprings Plaza
Las Vegas, Nevada
Loan Amount: $16,000,000
Lender: Investment Bank
Loan Type: Permanent
Deal Points:
Cash-out Refinance, 5 years interest only |
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Redrock Plaza
Las Vegas, Nevada
Loan Amount: $11,500,000
Lender: Investment Bank
Loan Type: Permanent
Deal Points:
Shopping Center-Cash-out refinance |
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Ferguson Enterprises
Henderson, Nevada
Loan Amount: $10,500,000
Lender: Correspondent Life Insurance Company
Loan Type: Permanent
Deal Points:
Single tenant industrial; fixed rate forward commitment |
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Beehive Self Storage
Salt Lake City, Utah
Loan Amount: $7,500,000
Lender: Investment Bank
Loan Type: Permanent
Deal Points:
Self Storage-Cash-out refinance |
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