Yield PRO TV Rate Desk October 7, 2020

October 7, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Leveraging green benchmarks to maximize lending potential and a look at HUD for statutory constrained urban markets.

Rate Desk notes October 7, 2020
• Indices up
• UST yields .78
• Crude $39.95
• 223(f) 2.29%
• 221(d)(4) 2.89%
• Fannie 2.85%
• Freddie 3.05%
• Freddie green quotes saving borrowers 15bps
• Use HUD green benchmark standards on new developments
• Watch for financial leverage when loan constant exceeds cap rate
• HUD viable in urban core where PE equity is less available
• Boost loan size with HUD 220 program in urban and mixed-use developments
• 15% boost to allowable max of EGI
• Statutory constrained urban core markets