Yield PRO TV Rate Desk May 27, 2020

May 27, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. LIHTC perm take-out low loan constant due to low rates but still over-sourced.

Rate Desk Notes May 27, 2020
• Indices up
• Crude $32.78
• UST yields .69
• 223(f) 2.50%
• 221(d)(4) 3.15%
• Fannie 3.17%
• Freddie 3.20%
• LIHTC perm take-out
• Low loan constant due to low rates
• Zero deferred developer fee and still over-sourced
• Start with 223(f) early
• Match size to your needs
• Credits for closed amenities?
• Value-add differentiators?