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Updated 10 months ago on . Most recent reply

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Dav Pohote
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Historical chart of commercial real estate rates

Dav Pohote
Posted

I'm not able to find this on a site like FRED. Currently I'm getting offers in the 9.5-10.5% region but I'd like to see how they've been over the past 20-30 years. 

There's always a ton of charts on the 15 yr and 30 yr residential mortgage like this--

15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) | FRED | St. Louis Fed (stlouisfed.org)

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Chris Mason
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  • Lender
  • California
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Chris Mason
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  • Lender
  • California
ModeratorReplied
Quote from @Dav Pohote:
Quote from @Sebastian Bennett:

It depends on the type of loan. Is this a construction loan? FHA loan? conventional loan? By way of example, 9.5% is going to be the low end for construction financing. I've picked up from a few others on the forums the banks rely on the fed rate for their construction rate financing, and this seems to be where the rate currently exists.


It's conventional. The short term loan for rehab isn't a big deal, it's the general 15 year at 9.5% that I'm talking about. I don't see any historical charts for it. 

Also, some banks I've talked to require 30% of the balance to be held in their account. Alot of capital tied up when you include a 25% down. 


"Average" CRE mortgage rates aren't really relevant to a rehab loan. But what you are saying isn't crazy, "good" CRE mortgage rates, on stabilized assets, are about 3% less than what you are looking at.

  • Chris Mason
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