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| Capital Markets Briefing |
| October 2, 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 (53KB)
Capital Markets Briefing
The following Market Perspective provides insights and commentary on breaking news and emerging trends in commercial real estate finance.
CUSO is shorthand for Credit Union Service Organization; but it could also stand for Credit's Un-Sung Originators. CUSOs are third party vendors tasked with underwriting, originating, and servicing commercial real estate loans on behalf of local and regional credit unions, nationally. These firms have been actively funding commercial real estate loans up and down the east coast. Underwriting is conservative, as all deals are held on the books of the credit union selected to take the lead on the transaction. While they can fund larger deals through participation, their bread and butter is $12M and below. With that said, provided deals in this strike zone work at lower LTV ratios and higher debt service coverage ratios, CUSOs are emerging as a force to be reckoned with. For example, a national CUSO firm recently funded $13M at a 60% LTV ratio whereas the second place quote could only deliver $10M at a 65% LTV underwriting.
Debt/Capital Markets Articles of Note
Treasuries Fall as Yields Near Four-Month Lows Deter Investors
Bloomberg — October 2, 2009
Treasuries fell as yields near the lowest levels in more than four months deterred investors from adding to holdings with the government scheduled to sell $78 billion in notes and bonds next week.
Wall Street Wizardry Reworks Mortgages
The Wall Street Journal — October 2, 2009
A new wave of financial alchemy is emerging on Wall Street as banks and insurers seek to make sound securities look better.
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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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