Small Balance Apartment Loan Market Update:
The 10yr US Treasury is currently sitting at ~2.96%, only 1bp higher than last week.
Its a busy week and the Treasuries could be effected. Things to Note. Payroll and unemployment release coming this week.
All remains relatively stable in the Fannie Mae Small Balance market. No significant changes to the pricing and rates have remained stable.
Properties within a 5-50 unit range with high affordability are eligible for a 40bps pricing discount. High affordability is defined as AT LEAST 50% of the units are at 80% AMI or lower. Let our specialist determine if your apartment project is a fit for this discount.
Effective August 2, 2018, The Freddie Mac Small Balance Loan program base pricing has decreased by 10bps for all products in all market tiers.