“CMBS Continues Rally; Market Improves”
April 1, 2008
The CMBS market’s tone has improved, with spreads on CMBS tightening across the board, in some cases sharply. Spreads on super-senior AAA bonds ended last week at an average of 245 basis points over swaps, in from nearly 309 bp over swaps a week earlier, according to the Commercial Real Estate Direct CMBS Pricing Matrix. The market’s tone seems to have improved markedly and some attribute the market optimism to recent Federal Reserve actions to improve liquidity.” We have great rates & programs for Multi-Family and Commercial Loans. Rates as low as 5.5% for multi-family property & 6% for commercial investment property.
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