Want to keep abreast of interest rates for CMBS conduit loans? Then visit our website each Monday for the latest rates. The rate sheet can be found on the homepage for valuexpress.com.
Every Monday by noon we post a rate sheet with current interest rates for CMBS conduit loans. The rate sheet has the current swap rates and loan spreads. The rate sheet shows indicative interest rates by adding the swap rate and the loan spread together, which is the method for setting the interest rate for a CMBS conduit loan.
The rate sheet provides for a “loan spread rate range” and a “rate range.” Why is that? The exact loan spread is determined based on debt-service coverage and debt yield. ValueXpress will calculate debt-service coverage and debt yield for a borrower at no cost or obligation and provide an exact loan spread specific to the borrower’s loan. Please contact Michael Sneden (firstname.lastname@example.org), Dennis Suh (email@example.com) or Gary Unkel (firstname.lastname@example.org) if you would like us to provide the loan spread for your transaction.