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| Weekly Interest Rate Tracking |
| January 23, 2009 |
Good Morning,
Attached is a PDF copy of Colliers Meredith & Grew's interest rate sheet that includes current and historical Treasury, LIBOR and Prime interest rates, which are updated daily with real time data from Strategic Alliance Mortgage.
We provide these updates on a weekly basis to keep our clients and colleagues aware of rate movements. We hope you find this information helpful.
DOWNLOAD INTEREST RATE SHEET (202KB)
The following Market Perspective provides insights and commentary on breaking news and emerging trends in commercial real estate finance.
Life companies will be making relative value decisions in 2009 that could divert capital to higher-yielding alternative investments, such as CMBS and discounted note purchases. Of the capital allocated to commercial real estate, a large percentage will likely be kept in-house to focus on rollovers within existing portfolios. The bottom line: Fiscal Year 2009 real estate allocations may be in the crosshairs. As a result, most originators still await their marching orders. On a positive note, many insurers have eased prepayment penalties and/or begun negotiating discounted note sales to recycle capital and clean up balance sheets, thus allowing borrowers to retire loans early at par or even sub-par values.
Treasury 30-Year Bonds Head for Biggest Weekly Loss Since 1982. Bloomberg
Treasuries fell, with 30-year bonds headed for the biggest weekly loss in 26 years, on concern that debt sales will increase as the government boosts spending to ease the deepening economic slump.
Hancock at Center of 'Tranche Warfare.' The Wall Street Journal
The battle for control of John Hancock Tower in Boston could signal how distressed real-estate financing deals will play out this year as the recession sweeps through commercial properties.
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| Please contact the Capital Markets Group at Colliers Meredith & Grew with any financing questions.
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Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 293 offices in 61 countries. |
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