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| Capital Markets Briefing |
| July 10, 2009 |
Good Afternoon,
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 (23KB)
Capital Markets Briefing
As published in Scotsman Guide's Commercial Edition, July 2009.
Looking at the various property sectors, apartment fundamentals have been the most stable throughout the economic downturn. Further, economic and demographic trends support a positive long-term outlook beyond 2009. As far as asset classes go, multifamily is the darling of the real estate industry and likely will be the most resilient of the major asset categories. Government agencies and enterprises such as Fannie Mae, Freddie Mac, and the U.S. Department of Housing and Urban Development have returned to form. Fannie Mae has typically followed an 80-20 ratio, by which 80 percent of guaranteed loans are sold while 20 percent are held on its books. This ratio became inverted in the past decade, and Fannie Mae's and Freddie Mac's balance sheets ballooned to staggering levels.
As the agencies have regained their equilibrium and renewed their focus, investors have started to come back to the mortgage-backed-securities market. Multifamily investors would be wise to take advantage of historically low rates in the 5.5-percent range, with considerably higher leverage ratios than are available on the open markets.
Debt/Capital Markets Articles of Note
Treasuries Rise, Head for 5th Weekly Gain, on Demand for Safety
Bloomberg — July 10, 2009
Treasuries rose, headed for a fifth weekly advance, as a global retreat in stocks over the past month and speculation the economic recession may be prolonged boosted demand for the relative safety of government debt.
Partnership eyes green as growth area in real estate
Boston Business Journal — June 26, 2009
Meredith & Grew teams with Florida firm on energy efficiency
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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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